Gambling & Betting Activities in the UK - Industry Market Research Report

Gambling & Betting Activities in the UK - Industry Market Research Report

Gambling & Betting Activities in the UK

Over the five years through 2022-23, industry revenue is expected to contract at a compound annual rate of 0.7%. The industry has performed poorly in recent years, affected by the introduction of new regulations, such as a reduction of the maximum stake on fixed-odds betting terminals from £100 to £2.00 and the increase in the Remote Gaming Duty, a tax on gambling profits, from 15% to 21% in April 2019. The Gambling Commission brought these in to curb gambling addictions and control the remote gambling segment. Remote gambling has captured a new type of gambler, making it the most notable industry development over the past five years.

This industry includes companies that operate casinos, bingo halls, betting shops, video gaming terminals, gambling websites and lotteries. Industry revenue is measured as net revenue, or the difference between the amount wagered by customers and the amount paid out to them for wins and cancellations on bets.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.