Gambling Commission reports on 5% growth in Q4 GGY
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The Gambling Commission has released figures looking at the fourth quarter of the latest financial year.
The results compare Q4 of the financial year 2022 to 2023 with Q4 of 2023 to 2024, covering online and in-person gambling covering licensed betting operators (LBOs) found on Britain’s high streets.
For the online market, online total Gross Gambling Yield (GGY) in Q4 was £1.4bn ($1.75bn), showing an increase of 5% from the previous year. The total number of bets and spins also increased, by 10%, and in doing so reached a new peak of 24 billion and so average monthly active accounts rose 2%.
Looking closer at the online market, real event betting GGY was up slightly, by 2% year-on-year, to £565m, though the number of bets decreased by 6%. The average number of monthly active accounts only saw a 1% rise.
Online slots clearly played the biggest part in total online GGY’s overall growth, as slots GGY increased 11% during Q4 to £614m. The number of spins went up 12% and the average monthly active accounts went up 7% to 4.2 million per month.
The retail betting market, however, saw a small decline, with LBO GGY decreasing 3% to £568m and the number of total bets and spins dropped 1% to 3.3 billion.
Last month, the Gambling Commission published its Gambling Survey for Great Britain (GSCB), showing 48% of respondents had gambled in the last four weeks at the time of the survey, while the most prominent demographic for gambling was men aged 45-54.
