Over the last decade, the online gambling industry in the United Kingdom has experienced a tremendous surge, Sports Betting both in terms of revenues and Sports Betting user base. The digital age, coupled with advancements in technology, has transformed the landscape of the gambling industry and established the UK as a hub of online gambling.
The Growth of the UK Online Gambling Industry
The emergence of online gambling platforms has significantly broadened the range and Sports Betting accessibility of gambling services in the UK.
As of 2021, the UK online gambling industry was estimated to be worth more than £14.5 billion in terms of gross gambling yield (GGY), a measure of the total stakes received by operators minus the amount paid out to customers as winnings. This figure represents a significant increase compared to previous years and demonstrates the robust growth trajectory of the industry.