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British Gambling Market Worth Over A Billion Pounds
9/22/09 - The UK Gambling Commission has released some interesting statistics estimating the remote (online) gambling market in that country to be worth GBP 896 million in 2008.
The Commission used information from gambling industry trade bodies, the Department for Culture, Media And Sport and Her Majesty’s Revenue and Customs in arriving at the statistic, as well as information from its own regulatory returns submitted by licensed operators.
The UK gambling industry as a whole achieved a turnover of over GBP 84 billion with gross gambling yield at around GBP 9.9 billion, 25 percent of which was generated by the National Lottery alone.
The regulator revealed that the number of remote gambling licenses issued in 2008 rose from 300 to 328 with the majority of these consisting of betting exchanges alongside football pool and general betting.
“The majority of gambling sites accessible to British citizens are regulated overseas,” the Commission noted.
“In many cases an operator is licensed by the Commission for remote betting but (for fiscal and other operational reasons) its remote casino and poker operations are licensed overseas. The main European overseas jurisdictions regulating remote gambling are Alderney, Gibraltar, the Isle of Man and Malta.”
The report shows that an estimated 7 800 people are employed in the UK remote betting, bingo and casino industry, working with 6.2 million active customer accounts and 4.9 million new player registrations over the year. 16 million customer accounts held some GBP 257 million.
Gambling News :
NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday -
Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.
MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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