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- GGY is £234.1 million for bingo games and £394.0 million for bingo machines for this latest reporting period.
- Consequently, the government will not proceed with introducing a Remote Betting and Gaming Duty rate, and will instead introduce changes that retain a differential between rates on remote betting and gaming duties.
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In response, some individuals could choose to gamble less, switch to alternative gambling activities or gamble through the illegal gambling market. The repeal of Bingo Duty supports lower risk activities and bingo clubs and simplifies the tax system by removing one of 7 gambling duties. The intention of the Remote Gaming Duty rate increase is to disincentivise gambling companies from pushing consumers towards what are considered more harmful products. Increasing gambling duties will raise over £1 billion per year to support the public finances and form part of our ambition to create a fair, modern and sustainable tax system. Remote Gaming Duty applies to gaming over the internet, telephone, by television, radio, or any other electronic communications or other technology for facilitating communication.
Non-remote arcades GGY was £663.9 million, a 10.2 percent increase on the previous period and of £233.0 million (54.1 percent) on the last pre-lockdown period. Non-remote bingo GGY was £628.1 million, a 5.6 percent increase on the previous period and of £51.8 million (9.0 percent) on the last pre-lockdown period. Total numbers of betting premises have continued to decline for the tenth consecutive reporting period to 5,931. Within off-course data, machines GGY increased by 0.7 percent to £1.2 billion during the last period which is also an increase of 14.6 percent from the latest pre-lockdown period. This reporting period saw an decrease in the number of new account registrations with Remote Casino, Betting and Bingo (RCBB) operators (down 3.0 percent to £37.3 million), in comparison to the latest pre-lockdown period, there is an increase by 24.8 percent. £2.5 billion – Total GGY for gaming machines in Great Britain (April 2023 to March 2024) (4.5 percent increase on April 2022 to March 2023 and a 24.5 percent increase on the last pre-lockdown period of April 2019 to March 2020)
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled UK Gambling Market insights. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak. Furthermore, the uk gambling market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies. The uk gambling market forecasting report sites not on gamstop includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage.