UKGC Reports Both iGaming & Land Casino is Performing Well

uk gambling commissionThe online casino operators have targeted the iGaming industry of the United Kingdom. It is so because the UK is one of the hottest destinations of the word when it comes to gambling on the web. There are a mad rat race and stiff completion among gambling operators online who are trying to outperform from the rest and capture the largest share in the market.

Recently, the UKGC or United Kingdom Gambling Commission has released some stats that show both online as well as land-based casinos in the gambling industry are thriving. They are booming in overall revenue and are likely to perform well in the coming months.

According to the report submitted by the gambling commission of UK, for the period between October 2016 and September 2017, the gross gambling yield was £13.9 billion. This revenue registers 7% hike as compared to the figures between the period April 2016 and March 2017.

One of the biggest reasons for the solid performance in the gambling industry of UK is an excellent contribution from online casino gaming. Brits enjoy a lot of gambling on the web because they are able to get the immersive gaming experience from the comforts of their home.

At the same time, UK Online Casinos are able to live up to the expectations of the players by offering state of the art games with best banking options and several bonuses. People can access different variants of classic table games like baccarat, poker, roulette and blackjack. Also, the availability of online slots eliminates the gambler needs to visit the land-based casinos to play such games.

Also, the live casino games are becoming increasingly popular amongst UK player. They are getting an interactive gaming experience and ability to communicate with other players and live dealers. The UKGC report shows that the iGaming Industry has contributed a whopping 4.9 billion in gross gambling yield for a period between October 2016 and September 2017; which accounts for overall 35% of CGY.

UK Gambling Industry is Growing Nicely

In the United Kingdom, the iGaming industry is only the only thing that is growing and performing well. The betting shops and land-based casinos are also flourishing and making a lot of profits. Till date, there are around 180,000 slot machines all around the country. The data from UKGC also shows there are 150 brick and mortar casinos, 649 bingo parlours and 8532 betting shops all around the country.

At the same time, the gambling industry of the United Kingdom is generating tremendous employment opportunities and giving jobs to more than 100,000 employees. Those numbers are likely to increase shortly. The gambling industry growth is positive and is growing at a reasonable rate.

However, this growth also possesses a considerable amount of risk for UK residents because it may lead to problem gambling where players get addicted to playing casino games. To avoid such problems, UK will join hands with Ireland and will host the “Responsible Gambling Week” from November 1 to November 7 next month.

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