UK online gambling sees significant GGY increase

UK-licensed online gambling operators enjoyed a 22% year-on-year increase in gross gaming yield (GGY) for the 2014 fiscal year, according to Gambling Commission industry statistics.

UK online gambling sees significant GGY increase

A total of £1.14bn GGY was generated from online gaming between 1 April 2013 and 31 March 2014, 86% of which came from sports betting.

Online gambling made up 17% of the UK’s total GGY.

The update covers 1 April 2013 to 31 March 2014 and analyses all online operators with a UK Gambling Commission (UKGC) licence.

UKGC has estimated that only 15% of the UK online market was accounted for by its licensees, although this is the last year before regulatory changes come into effect.

All operators wishing to offer and/or promote a remote gambling service in the UK are now required by law to obtain a licence from UKGC, meaning far higher revenues are to be expected next fiscal year.

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David Cook served as an editor and writer for Gambling Insider from 2018 to 2020, where he played a central role in shaping the publication’s editorial direction. He oversaw the creation and implementation of the broader editorial strategy for Gambling Insider and its related publications, managing the production of 30 print magazines annually while also contributing to the management of GamblingInsider.com and a weekly digital newsletter.

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