The gross revenue of the UK iGaming market increased by 5% to £1.4 billion

Recent data from the UK Gambling Commission (UKGC) has revealed a steady increase in demand for online entertainment. The report for the last quarter of the 2023-2024 financial year recorded a 5% rise in gross gaming revenue for the iGaming market, reaching £1.4 billion (approximately 163.8 billion rubles).
The two most profitable sectors for licensed operators in the UK remain online slots and betting on real events. Online slots showed growth across all metrics, with annual gross revenue increasing by 11%, from £552 million to £614 million (from 64.6 billion to 71.9 billion rubles). The number of spins rose by 12%, while average monthly account activity grew by 7%.
In the real event betting sector, gross revenue increased by 2%, from £554 million to £565 million (from 64.8 billion to 66.1 billion rubles). The number of active accounts saw an average increase of 1%, and the volume of bets rose by 6%. Overall, the amount spent by users on online gambling surged by 10%, reaching a record £24 billion (2.8 trillion rubles).
The regulator noted that quarterly data on active profiles may count the same account multiple times if a visitor participated in more than one type of gambling. Double counting can also occur if an account was active for more than a month within the quarter.
In contrast to the iGaming sector, the UK’s land-based gambling market experienced a 3% decline in gross revenue, falling to £568 million (66.5 billion rubles). The number of bets and spins decreased by 1%.
Notably, the UK government has decided not to impose restrictions on payment methods for gaming machines.