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NAO Reports 57% Growth in the UK Online Gambling Sector in the Past Decade

By Rebecca Latios - Contributor
2 years ago

National Audit Office (NAO) published a report based on the data provided by the UK Gambling Commission (UKGC) that confirms 57% growth in licensed online gambling operations in the past ten years. The report that covers the ten years to 2018-19, also shows how the regulated companies in the casino industry generated a gross yield of £11.3 billion.

The analysis provided by NAO suggests that the main reason for such incredible growth are licensed online and mobile casinos, as their yield increased from £1 billion to £5.3 billion.

However, these numbers don’t provide a complete picture of the casino industry in the UK. NAO admits how many online casino businesses based outside the UK were not required to be licensed by the UKGC until 2014. For this reason, it is impossible to correctly assess the online gambling market in the UK.

Online and mobile casino sites are becoming more popular than traditional venues as it is easier to access and more convenient for players. Modern-day casino users make their deposits and withdrawals by using online payment methods and tend to prefer digital gambling experience that is available 24/7 from the comfort of their own home.