Gambling is a favourite pastime among many people in the UK, and the market is increasing every year. In this article, we will highlight some of the key statistics on gambling in the UK.
Gambling in the UK: the numbers
Online Casino Market 2020 Global Industry research report presents an in-depth analysis of the Online Casino including industry size, trends, growth, shares, demand, cost and forecast 2025. This report also includes market revenue, company analysis, consumption and segmentation. As mentioned above, online gambling had a market share of 34% of the country’s overall gambling industry. Reportedly, it marked a 1.5% increase from the period between April 2015 and March 2016, and according to UK gambling regulatory watchdog, it is to continue to grow. The Uk Online Casino Market 1743 Words 7 Pages Blog 16 – Genting ready to launch full-court press on the UK online casino market Anyone who’s anyone knows that Genting is a key name within the world of casino.
Uk Online Casino Market Share Online
It is no doubt that online gambling is a growing industry in the United Kingdom. According to the latest statistics by the UK Gambling Commission (UKGC), the total gambling market was worth £14.3 billion between October 2018 and September 2019. The statistic shows that online gambling holds the largest share of the market, accounting for 38.60% of the overall sector.
Online casino games such as slots and table games comprise a large part of the Gross Gambling Yield (GGY) for the year, but other types of gambling increased as well. Online betting, led by football and horse betting, totalled £2.1 billion for the year. Online bingo grew 12.5% to a total of £198.1 million.
In recent years, the UK Gambling Commission has introduced new regulations and measures to combat gambling addiction in the United Kingdom. In April 2020, a ban on credit cards to protect players at risk was implemented on all UKGC licensed gambling sites. Research has shown that 800,000 online gamblers in the UK used a credit card for gambling in 2018, and 22% of these consumers are problem gamblers.
Casino games and betting statistics
Online casino games are by far the most popular form of gambling in the UK. The same study by the UKGC shows that online slots accounted for 69.3% of the total GGY between October 2018 and September 2019. Roulette was the second most played game with 13.5%, and blackjack accounted for 6.1% of the total revenue. Slots and table games are the most common games at TeleVega casino, where gamblers play modern video slots from a wide range of game providers, as well as live casino games with real dealers. When it comes to betting on sports, the five most popular sports among bettors were horse racing, football, boxing, tennis and golf.
According to the statistics portal Statista, people in the age group of 25 – 34 years are most active at online casinos. 23.1% of people in this age group gamble online on a monthly basis. 22.7% of people in the age group of 55 – 64 gamble, and the percentage is 22% for people between the age of 35 – 54. The same Statista survey shows that social media and television are the most used platforms for casinos to reach their core audience.
Despite stricter regulations and new rules by the UKGC, the online gambling industry in the UK is growing. The commission currently oversees 3,641 gambling licenses held by 2,652 gaming operators. Although this is a small decrease from previous periods, new companies are seeking to offer their gambling products in the UK market.
While everyone is looking to the renowned stocks that have been in the exchange market for decades, some investors are shifting their focus on the online iGaming industry.
Most of us have by now tried betting on sports or playing online casino games. Recently, this is one of the industries that have been escalating at an alarming rate across the globe.
Besides the level of new gaming technology like mobile casinos, and live dealers giving this industry much support for visibility, the introduction and legalization of gambling in most countries have also contributed to its growth. But have you ever thought of investing in this industry as an investor?
Well, it is quite easy, and online casino is a fast-growing market as more and more countries legalize iGaming on the internet. From Canada, Sweden, China, the US, to the UK, the stocks might turn out to be a good investment. Here are ten iGaming stocks that everyone can invest in (this being intended exclusively for information purposes):
1. Ladbrokes – GP.22
This is another gambling stock that you can invest in that is on the London Stock Exchange. It is a benchmark in the United Kingdom when it comes to online betting. It is one of the most solid companies across the globe in this industry that has made its stocks very stable. After a close analysis of its 10 years in the stock market, experts call it a conservative investment.
2. NetEnt – NETB
This is another high-quality software provider in the virtual casino world. Every tester in Canada, usually go to this company as a quality seal. Although this company joined the gambling sector a little bit late compared to the others, it has been at the forefront when it comes to online casinos and popular slots. Its stocks in the Stockholm Stock Exchange has been doing well after overcoming stiff competition from the other companies in the market.
Uk Online Casino Market Share Price
3. Stars Group – TSGI
Have you ever heard of PokerStars? This is the head and the hub of some of the largest poker sites across the globe. On the internet, it is one of the best gambling companies when it comes to its coverage. With its expertise in the field, it has positioned itself as one of the leading and key players in this industry. But, its stock and shares in the market have been volatile. It is on the Toronto Stock Exchange and it is good for the professional traders.
4. LeoVegas – LEO.ST
Over the past five years, this has been one of the most successful gambling company in Sweden. One of the things that giving LeoVegas a footing in online gambling is its smartphone casinos with the most popular one being Leo Vegas Casino. It has been making it possible for gambling fanatics to play their favorite online slots using their mobile phones. It is on the Nasdaq Stock Exchange.
5. Kindred Group – KIND-SDB
These stocks and shares from the Kindred Group are on the Stockholm Stock Exchange. It is one of the great companies with various betting sites revolving around sports, online casinos, bingos, and poker. Unibet happens to be the trademark of the Kindred Group which so is the largest betting site in sports globally.
6. Caesars Entertainment Corporation – CZR
For many years, this has been a landmark in the gambling industry. It has recently turned out to be one of the most interesting stocks to put your money. It is one of the leaders in the gambling industry that most investors are watching and aspiring to invest in.
7. MGM Resorts International – MGM
If you are a conservative investor and don’t want risks around you, then you can decide to go with MGM. It is trying to get to US betting which will definitely spearhead its stocks and entire market share. It is one of the gambling stocks that has a great presence in China and has been doing well from one year to another.
8. Scientific Games – SGMS
It is one of the stocks that have gained online dominance and beat stiff competition around online casino gaming. It has been a significant company in providing digital gaming services, content, and products. As an infrastructure provider, it has all the chances of growth in this market making it a good stock to watch.
9. International Game Technology – IGT
This is another innovative casino gaming company that is increasing and expanding its digital gaming expertise across the globe. Its live streaming avenue of Dynasty Electronic Table Game (ETG) will provide more games for its players like blackjack and the famous baccarat. With such kind of innovations, definitely, its stock will grow to make it a great gambling stock to put your money in.
10. Playtech – PTEC
This Israel based software developer is one of the popular casino software providers across England. It has its stock listed on the London Stock Exchange. Playtech is an expert in online casino gaming has released over 500 games. It uses some of the most advanced technology in virtual casinos. Considering the vast and fast growth of the gambling industry, if you are an active investor, then you can consider one of the above gambling stocks.
DISCLAIMER:
News, data and statement included in this article is intended exclusively for information purposes.
It should not be considered a recommendation for the purchase, retention, or sale of the securities referred to herein.