UKGC Releases New Performance Report

UKGC Releases New Performance Report

Last updated on August 27th, 2023 at 05:29 am

The UK Gambling Commission released its new performance report. It outlined its performance under CEO Andrew Rhodes and Chairman Marcus Boyle. Also, it covered the 2022-23 fiscal year and included operational activities and gambling sector statistics.

The most recent data estimates that between April 2022 and March 2023, around 23.6 million individuals in Great Britain spent money on gambling activities. Forty-four percent of adults had engaged in gaming in the preceding four weeks. Comparatively, the percentage of people who gambled physically or online between March 2022 and March 2023 was 27% and 27%, respectively.

Considering recent developments outlined in the Gambling Act White Paper, problem gambling has been revisited on many occasions this year. According to the most recent data from the Commission, the prevalence of problem gambling is still relatively low at 0.3%. Based on the Problem Gambling Severity Index (PGSI), the paper indicates that between 160,000 and 340,000 adult gamblers are now identified, while an additional 270,000 to 480,000 are classed as at-risk gamblers.

New Performance Report from the UKGC

UKGC Releases New Performance ReportAccording to the best bookie pay per head, Rhodes and Boyle discussed problem gambling. Also, they noted that the current rate of 0.3% is “statistically steady.” Despite the relatively low proportion of problem gambling, the research indicated that hundreds of thousands of people are negatively impacted by gaming.

According to a study just issued by the Gambling Commission, there were over 2,400 licensed gambling companies in the United Kingdom that year. Recent data suggests that the gambling industry “has recovered from the impact of the COVID-19 epidemic,” with projected GGY for the industry in 2021–2022 of £14.1 billion ($17.7 billion). This outcome represented an increase of over 11 percent compared to the GGY of 2020-2021. However, people did not open a sportsbook during the period.

According to betting software development data, the yearly gross gaming yield (GGY) for the British online and remote gambling market in 2021-2022 was a whopping £6.4 billion ($8.1 billion). Compared to the period between April 2020 and March 2021, this was a fall of 6.2%, but compared to the 2019-2020 number, it was a rise of 12.4%.

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