Online Slots Approach Parity With Land-Based Machines After UK FOBT Hit

Even prior to the coronavirus pandemic, online slots were on track to imminently overtake traditional gaming machines in the UK after the introduction of a £2 cap on fixed-odds betting terminal (FOBT) stakes.

Following a rare 0.7 percent year-on-year decline in overall UK gross gambling yield (GGY) to £14.33bn in the year ending March 2019, new industry statistics show that the market-wide total edged back a further 0.5 percent to £14.26bn in the year to September 2019.

The latest shortfall was driven almost entirely by a 20 percent year-on-year decline in betting shop FOBT revenue to £1.47bn, reflecting six full months of operations under the £2 maximum stake imposed from April 2019.

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