UK Online Gambling Soars: GGY Rises 21% to £1.54 Billion in Q3 2024

Bar charts illustrating the growth in gross gambling yield for different online gambling sectors in the UK during Q3 2024 Bar charts illustrating the growth in gross gambling yield for different online gambling sectors in the UK during Q3 2024
The UK's online gambling sector saw a 21% increase in GGY in Q3 2024, with slot games leading the growth

The UK’s online gambling market continues să grow, with the latest figures from the Gambling Commission showing a 21% increase in gross gambling yield (GGY), reaching £1.54 billion in Q3 2024. This rise reflects an overall expansion in player engagement and gaming activity.

Alongside the increase in revenue, total bets and spins rose by 8%, reaching 25.9 billion transactions. This signals a steady rise in participation and highlights the strong demand for online gambling platforms.

However, while most segments saw positive growth, regulators and industry stakeholders remain focused on responsible gambling efforts as player engagement continues to rise.

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Slot Games Remain the Biggest Revenue Driver

Online slots played a major role in the overall market growth, with GGY increasing by 15% to £709 million. The total number of spins also saw a 7% increase, reaching 19.7 billion.

In addition, the number of active players engaging in slot games grew by 5%, now totaling 3.9 million. This sustained interest in slots underscores their popularity among UK gamblers.

The average duration of a gaming session remained consistent at 17 minutes. Notably, there was a 10% increase in the number of sessions lasting more than one hour, reaching 10.2 million sessions. This trend suggests that players are not only engaging more frequently but also for extended periods.

Real-Event Betting Also Grows

The real-event betting sector, which includes sports and other live betting activities, saw a modest 2% rise in GGY, bringing total revenue to £505 million.

Bets placed on real-event betting platforms increased by 6%, reaching 4.3 billion transactions. The number of active players in this sector also rose by 8%, with 5.1 million bettors participating.

This growth highlights the steady appeal of sports betting among UK players, maintaining its position as a key segment of the online gambling industry.

What’s Next for the Industry?

The sustained growth in the online gambling sector presents both opportunities and challenges. The rising number of bets and longer session durations indicate strong market demand, but also bring increased responsibility for operators to ensure safe and responsible gambling practices.

With the Gambling Commission closely monitoring industry trends, the focus remains on balancing growth with regulatory oversight to ensure a secure gaming environment for all players.

Photo credit: Freepik

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