By BBBB
The UK Gambling Commission has published its latest report on the local gambling industry revealing that online gross gambling yield (GGY) for Q1 24-25 came to £1.46 billion, up by 12% from the same period in the previous financial year.
There was a record number of 24.5 billion bets/spins for the reporting period, an all-time high for the second quarter in a row.
Key Highlights
- Online GGY – £1.46 billion, up by 12% from Q1 in the previous year.
- Total bets and/or spins – 24.5 billion, up by 11% year-on-year.
- Average monthly active accounts increased 9%.
- Sports betting GGY – £625 million, up by 16% year-on-year.
- Sports bets decreased by 7%.
- Active sports betting accounts increased by 11%.
- Slots GGY – £642 million, up by 10% year-on-year.
- The number of spins – 22.4 billion, up by 12%.
- Average monthly active accounts – 4.4 million, up by 7%.
- Licensed betting operators (LBOs) GGY – £582 million, down by 1%.
- Bets and spins at LBOs – 3.2 billion, down 1%.
The report also shows that online slots sessions which last for longer than an hour increased by 8% to 9.6 million.
The average session remained at 17 minutes.
Around 6% of all online slots sessions lasted an hour or more.
Government Names New Gambling Minister
In related news, the new Labour government has appointed its ministerial team for the Department for Culture, Media and Sport, featuring Baroness Fiona Twycross as the new Minister for Gambling.
Twycross will be the UK’s first minister to oversee gambling matters exclusively, reporting to the Secretary of State for Culture, Media and Sport, Lisa Nandy.
Joining Twycross and Nandy on the DCMS ministerial team are Sir Chris Bryant, serving as Minister for Creative Industries, Arts, and Tourism, and Stephanie Peacock, appointed as Minister for Sport, Media, Civil Society, and Youth.
English