UK iGaming Sees 20% Wage Growth Despite Brexit Uncertainty

Despite ongoing uncertainty over Brexit, according to the largest salary survey compiled by Pentasia Recruitment, the UK igaming market saw an average wage growth of 20 percent in the year to June 2019.

Pentasia’s Andrew Cook said that this represented the underlying health of the sector “despite the continuing uncertainty over the UK’s departure from the European Union”. Decentralisation away from London was also evident during this time, he added, with strong demand for talented iGaming professionals in the Midlands and northern cities including Manchester and Leeds increasing.

The average salary in North America dropped 2% to £ 82,895, reflecting a significant increase in junior (mainly operational) roles over the past year. Pentasia’s Marwa Mitchell said that while demand for sports betting and digital talent had exponentially increased after PASPA, the difficulty of securing U.S. visas “for even those with exceptional industry talent” meant that operators were struggling to expand operations to keep pace with growth.

The Gibraltar median also rose 13 percent from £ 69,427 to £ 83,441, reflecting a fall in total jurisdictional employment as licensees prepare to potentially lose access to the Single Market when the UK leaves the EU, with the remaining occupations at a higher level in British overseas territories.

A short supply of top talent in the Asia-Pacific region has raised the average wage there by 20%.

Product and commercial roles saw the most significant increase, up 21.8% and 25.6% respectively, which Alastair Cleland, managing director of Pentasia, said “reflects the high level of investment in new technology, emerging markets and business units.”

Compliance salaries also saw an above-average 9.7 percent increase, indicating the increasing value of this expertise in a time of increased regulatory pressure in core markets such as the UK and the emergence of more licenced markets locally.

Over the period, igaming pay rose by 8.5 percent across the sector. Cleland said the following: “This is an indicator of both increased investment in igaming professionals worldwide and heightened competition for a limited talent pool.”