Almost all sectors are struggling with gambling revenue dropping in June

Almost all sectors are struggling with gambling revenue dropping in June

The data was published based on reports from operators that made up 80% of the online gambling market and 85% of the retail betting shop market. The provided absolute values do not represent the full market.

In June, the online gross gambling yield was down by 13.2% from the previous month. January’s total was the highest monthly total of the year with a drop of 20.0%. Revenue was higher than in March, when sports betting revenue dropped due to special officers around the festival.

Revenue from retail bookmakers was down by 5.6% at the same time.

Almost every gambling vertical had a decrease in revenue. Within the online sphere, the only exception was esports betting, where revenue increased by 38.3%. As most European football seasons ended, slot revenue was down by 7.4% and real- event betting revenue was down by 22.6%. Excluding slots and poker, online gaming revenue was down by more than 10%.

Poker revenue fell to £5.7 million and virtual sports betting fell to £3.8 million.

Gross gambling yield from over-the-counter bets increased by 7.0% in retail betting shops. Revenue from self-service betting terminals dropped by 26.5%, wiping out any gains from over-the-counter betting.

The revenue from gaming machines at retail betting shops was down.

When looking at revenue by quarter, online gross gambling yield was up by 1% when compared to the prior three months, driven by a 4% increase in slot GGY to £564.7m. The slot yield increased in April and May but then fell in June to £179.1m.

Slot revenue increased while other online gambling revenue decreased. Poker yield and other online gaming revenue declined, while real-event betting revenue was down. The revenue from betting on eschatological events was down. Gambling forms that experienced declines were virtual sports betting, esports betting and other forms of gambling.

The Gambling Commission said it was likely due to the Grand National in April that the total number of bets placed and active accounts increased during the quarter.

Between Q4 and Q1, the number of slots sessions lasting more than an hour increased by 5.0%, though the average session length decreased.

As most rules relating to the Covid-19 pandemic have come to an end, the regulator said it would continue to expect extra vigilance from operators.

Consumers are impacted in different ways by the circumstances brought on by the Pandemic and the wider economic environment, so we continue to expect extra vigilance from operators. As life returns to normal with a wider set of finance drivers, many people will still feel vulnerable, as a result of the length of the pandemic period, more concern about their personal or financial situation, or readjusting budgets and time when life returns to normal with a broader range of financial drivers.

Summary:

According to the data released by the Gambling Commission, the online gross gambling yield in the UK fell by 13.2% in June compared to the same month last year. The January total was the highest monthly total of the year with a drop of 20.2%. The revenue from esports betting increased by 38.3%.