The main regulator of the UK gambling sector has released more information on the impact of renewed stricter coronavirus lockdown measures on the gambling behavior of local consumers.
The latest data released by the UK Gambling Commission (UKGC) covers the period from March to November 2020 and reflects both online gambling and consumer research. The gambling watchdog this time announced that no data from licensed betting providers (LBOs) was required for November 2020. This was due to the recent lockdown measures being imposed on the industry at the time, as well as the leave of absence for many employees across the industry. The UKGC stated that it plans to resume collection of this data once the country’s licensed betting companies are given permission to resume operations.
According to consumer research data released by the UKGC, there is still no evidence of any significant or sustained growth in gambling activity among the UK population during the coronavirus period. However, the latest research shows the links between the effects of the Covid-19 crisis on people’s financial and psychological well-being and the increased participation rates in gambling.
As Casino Guardian previously reported, November 2020 was the second lockdown in the UK’s coronavirus pandemic. This time around, however, the closings and social distancing measures had no impact on major sporting events like the one during the spring lockdown. Still, many UK residents were again forced to stay home, opening up the possibility that they would end up playing more online to keep the boredom away.
Only 13% of UK gamers say they spent more than they did before the Covid-19 pandemic
The latest November 2020 data, made available by LBOs, showed local residents increased activity in the online marketplace, with 3% month-over-month growth in active accounts and 4% growth in betting has been. The UKGC announced that the gross return on gaming (GGY) has fallen by 13% as real betting margins normalized again after reaching higher levels in October 2020.
According to the latest report from the UK Gambling Authority, the gross return on gaming machines rose 3% to nearly £ 177 million. In addition, the number of bets rose 4% to more than 5.2 billion, as did the number of active accounts, which rose 1% to 2.8 million and peaked during the coronavirus pandemic.
Overall, there has been no significant or sustained increase in the gambling activity of UK residents since the start of the pandemic. According to the UKGC, three-fifths of UK players confirmed that their spending has not changed since March 2020. Only 13% of local gamblers said they spent more than they did before the Covid-19 pandemic began, while 27% of gamblers said they were spending less.
The country’s gambling watchdog reported that the number of online slots that lasted longer than an hour rose 3%, reaching 2.2 million from October to November. This was also 1% higher than the increase in the overall sessions. The regulator also found that the average session length increased by 1 minute to 22 minutes, roughly 8% of the total number of sessions that lasted longer than an hour.
Daniel Williams started his career as a freelance writer for a local paper medium. After working there for a number of years, writing on various subjects, he found his interest in the gambling industry.