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Despite an increase in player activity attributable to interest in the Euro 2020 championships, the UK’s online gambling business saw a drop in total gross gambling yield (GGY) in June.
The UK Gambling Commission (UKGC) has released its monthly market analysis, revealing that the sector produced a combined GGY of £496 million in June, the lowest since November 2020.
Double-digit GGY reductions
All online verticals saw double-digit GGY reductions, with the exception of sports betting, which saw a 1 percent month-over-month gain to £242 million. Despite Euro 2020 wagering, this vertical was unable to replicate the high GGY activity seen during the January-to-April lockout period.
The UK government began to loosen leisure and hospitality restrictions in June, allowing land-based gambling venues (casinos, arcades, and bingo halls) to reopen on June 17th.
The number of active players in the sector increased by 4 percent to 11.3 million, owing mostly to recreational customer interest in Euro 2020 markets.
Despite Euro 2020 activity, the number of active participants in sports betting increased by 9 percent month over month to 5.6 million, falling short of the April and May peaks of +6 million players spurred by the Cheltenham Festival and Grand National racing events.
Total online gambling wagers (bets-per-vertical) fell to a six-month low of £6.1 billion in July, mirroring June’s results, with monthly declines of 10 percent and 8 percent in online slots and online casino, respectively.
In its update the UKGC said: “We recognise that the country is now entering a different phase as we continue to ease out of lockdown.
“We continue to expect extra vigilance from operators as consumers are impacted in different ways by the circumstances. Many people will still feel vulnerable as a result of the length of the pandemic period and further uncertainty about their personal or financial circumstances.”