Online casino games in the UK have been drastic change these days. Gambling commission has made specific changes to ensure that the safety and security of the players are given prime importance, keeping in view online malpractices that have been doing rounds of late. The most effective change is the conditions on the issue of licenses to casinos and the methods of advertisement that they undertake. Currently only licensed online casinos are allowed in the UK. In spite of the said alterations the gambling industry has dispelled all the hurdles and is at a growing rate.
The recent statistics which have been conducted in the years 2016 and 2017 denote that Gambling industry has shown good improvement during those years and experts further opine that it will take a massive step towards rapid growth, particularly online sector. There is another study which interprets the UK Casino gaming revenue from 2006 to 2015. The study shows that the maximum revenue in the year 2015 which stands at 1,353 million USD. The least was in 2008 which was about 1160 MUSD. The revenue earned for five consecutive years from 2006 is as follows:
- 2006 - 1,245 million USD
- 2007 - 1,260 million USD
- 2008 - 1,160 million USD
- 2009 - 1,202 million USD
- 2010 - 1,209 million USD
- 2011 - 1,191 million USD
The Gross Gambling Yield says that there has been an increase of 1.8% during the years 2016 and 2017. The total amount that the industry generated was 13.7 million British pounds. Adding to this, the remote gambling sector incurred a drastic one. The market raised to an overall level of 35%. Also, there has been a tremendous increase in online gaming population. Players found it more convenient and user-friendly when compared to land-based casinos. There were studies on the level of land-based and online casino population which said that there was a decrease of 4% in land-based casinos.
Statistics also showed an overview of how online games raised, locations for online games, betting, online gaming devices, gambling yields in various years and other details related to the UK gambling market. The industry has given jobs to nearly 1,00,00 to 1,25,000 people in the UK. The first to top the chart among all is the betting sector. Then come Casino, Bingo and Arcades.
As per the received data, UK Gambling market seems to be sailing in a positive note, but the major setback is for land-based casinos which is seeing downfall because of the rise in the online boom. It's going to be interesting to see how the new online casinos 2019 will perform. There is certainly money to be made in the industry still.