gambling

The UK Gambling Revenue is Thriving

The UK gambling revenue has increased by 0.7% between October 2016 and September 2017. UK Gambling Commission claims that the revenue during that period was almost as high as £14 Billion. Gambling industry has created about 100,000 jobs so far, which means an important contribution to the economy of the United Kingdom. Meanwhile, the number of problem gamblers is growing, and many children are suffering from addiction.

UK Gambling Revenue
£14 billion revenue between October 2016 and September 2017
  • £14 billion in a year
  • 0.7% increase
  • 152 licensed casinos
  • 8500 betting shops
  • 100,000 jobs

The gambling industry is definitely growing within Great Britain. Data shows that the gambling revenue in the UK has reached £14 billion between October 2016 and September 2017. Compared to the numbers of the previous year, this means a 0.7% increase. While there are already 152 licensed casinos and about 8500 betting shops in the country, online gambling sites in the UK are getting more and more popular as well. According to the Gambling Commission, they have generated a £4.9 billion revenue in a year time.

The growing gambling industry is good news for the British economy

This success is also important for the British economy. The gambling industry has created about 100,000 jobs within the United Kingdom, and it contributes to charity as well. The National Lottery has given £1.5 billion to charity between October 2016 and September 16. Meanwhile, large society lotteries have contributed by £251 million. Last but not least, gaming machines and B2 machines have generated about £4.6 billion during this period.

The number of problem gamblers is growing within the country

While the gambling industry helps economic growth and creates jobs, it also creates problems. The Gambling Commission claims that the number of the problem gamblers in Britain is continuously rising. While about 430 000 people are suffering from their habit, 2 million people are at risk of addiction. Studies also claim that 25 000 of these problem gamblers are actually children. According to the Gambling Commission, 370 000 children are gambling weekly in England, Scotland and Wales combined.

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