UK remote sector hits £5.35bn
Online GGR up 14% for the year to March 2018, with football betting revenues topping £1bn
The UK online gambling market was worth £5.35bn in the year to March 2018, with 14% annual growth, according to new figures from the UK Gambling Commission.
The remote sector accounted for 37.1% of total GGR, up 2.8pp from the same period last year.
Within the remote sector, online casino was the largest vertical, growing 11.5% to £2.9bn, with slots alone accounting for £2bn in revenue.
GGR for remote betting was £2.3bn, up 21%, and was dominated by football and horse betting with revenues of £1bn and £610m respectively.
There were 33.58m active customer accounts in the remote sector, across remote casino, bingo and betting operators. Within the same period, there were 35.39m new account registrations
Poker grew 9% to £109m.
Regulus Partners said the figures cemented the remote sector’s status as UK commercial gambling’s “only growth engine”, although they still represented a “material slowdown” from recent 20&+ run-rates.
The analyst added: “These growth rates also do not fully reflect material regulatory-led reductions in VIP revenue, which started mid/post period for many operators, with more likely to follow.”