UK remote gambling revenue inched back 0.6 percent to £5.32bn in the year to March 2019, marking the first year-on-year contraction on record for Europe’s largest online market.
The UK Gambling Commission’s latest set of industry statistics, published on Thursday, show that market-wide gross gambling yield (GGY) settled at £14.36bn between April 2018 and March 2019, down marginally from £14.41bn during the preceding 12 months.
The detailed industry overview revealed the first ever decline in UK remote GGY, as well as a double-digit shortfall in land-based casino revenue and a flat year in retail betting ahead of a watershed cut in maximum fixed-odds betting terminal (FOBT) stakes from £100 to £2 from April 2019.
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