UK Gambling Regulator Releases Recent Details on Casino and Betting platform Performance
In a recent update, the Gambling Commission shares insights into the latest gambling behaviors in the UK, coming hot off the press for the April-June quarter of 2022. Let's dive into the juicy details, shall we?
Bathing in Quarters ('22 Style)
Since kicking off the tracking game in March 2020, our fearless Commission boasts data from online and street-level Licensed Betting Operators (LBOs) across the nation. For the latest dive, we're peeping at the data from June 30, 2022.
The total Gross Gambling Yield (GGY) from online operations hit a whopping £1.2 billion ($1.45 billion), showing a darn near 1% boost compared to the previous quarter. To make it even more tantalizing, there was a 5% increase in the overall number of total bets/spins, and the average monthly active accounts swelled by 5%.
For slot machine enthusiasts, the number of spins rocketed by 5% to a stunning 18.7 million. The average monthly active accounts for slots saw a 4% surge, ending up at a hefty 3.6 million per month. Slot sessions that lasted over an hour rose by 5%, accounting for a not-so-insignificant 7% of the total. Worth noting that these lengthy escapades dropped by a single minute, with the average session now lasting 17 minutes compared to the past three months.
LBO GGY saw a respectable 6% increase to £584 million, while the number of total bets and spins flew up to 3.3 billion, showing a 3% boost.
The Commission kindly reminded readers to keep their paws off comparison tricks due to varying operating circumstances between 2020 and 2022, as well as the influence of free bets and bonuses on the data.
Operators, Step Up Your Game!
The regulator also played the roaring lion, reminding operators to follow the 'strengthened guidance' from the first lockdown. This includes monitoring shifts in gambler behavior, engaging in direct contact at triggerpoints, steering clear of profit-grabbing moves, and adapting the onboarding process for the current environment when vetting new customers for their wallet capabilities.
As for the Commission's future plans, they vowed to keep a beady eye on market-related risks, assess the impact of strengthened guidance on operators, sling out new regulations where needed – such as changes to Remote Technical Standards (RTS) and the Licence Conditions and Code of Practice (LCCP) – and dive into compliance assessments.
While we don't have specific quarterly data for 2022, this year has been a whopper in the gambling world, with a spike in online gaming due to the pandemic, regulatory changes, and technological advancements. If you need more in-depth explorations, keep an eye out for reports from the UK Gambling Commission or other industry research sources.
As for the shining future ahead, expect new regulations focused on enhancing player protection and transparency to hit the scene by October 2025. So stay tuned, party people, things are about to get even wilder! 🤲🎲💰🔥💸👀💪🎉💃🙌💃!
- On a quarterly basis, the UK Gambling Commission has noted a significant 1% increase in the total Gross Gambling Yield (GGY) from online casino-and-gambling operations, specifically in the April-June quarter of 2022.
- Remarkably, slot machine enthusiasts were found to have increased their spins by 5% during the same quarter, with a corresponding 4% rise in the average monthly active accounts for slots.
- As the gambling industry continues to evolve, the Gambling Commission has outlined its intentions to implement new regulations by October 2025, focusing on enhancing player protection and transparency in casino-and-gambling activities.
