Coronavirus comedown for British iGaming revenues

In the United Kingdom and the Gambling Commission regulator has announced that the amount of money spent by domestic online gamblers in July fell by 4% when compared with the previous month to slightly above £459.1 million ($593.7 million).

The body used an official Thursday press release to explain that the decline came in the wake of a government decision that saw land-based retail betting shops allowed to re-open from June 15 following a twelve-week coronavirus-induced shuttering. The regulator also detailed that the final gross gaming yield figure represented a year-on-year rise and was indicative of how the nation’s iGaming market is evolving ‘as the country continues to move out of full lockdown into the autumn months’.

Consequential curve:

The information from the Gambling Commission moreover revealed that accumulated July revenues from online sportsbetting dropped by 4% month-on-month to about £209.3 million ($270.4 million) after posting a comparative 115% rise for June while associated slot takings decreased by 2% to approximately £162.8 million ($210.5 million).

Prominent pitfalls:

Furthermore, the Gambling Commission figures showed that the gross July figure for online poker had experienced a 23% month-on-month tumble to roughly £9 million ($11.6 million) following a significant rise at the height of the pandemic as virtual games posted a 17% deterioration to £7.9 million ($10.2 million). The data additionally exposed a comparative 25% plunge for aggregated eSports takings to approximately £2.6 million ($3.3 million) with other sources of online revenues including those from casino games dipping by 4% to circa £66 million ($85.4 million).

Relative recovery:

Although the periods may not be directly comparable, the Gambling Commission likewise pronounced that gross July gaming revenues for the United Kingdom’s collection of land-based betting shops thought to have grown by about 37% year-on-year to £62.4 million ($80.8 million) as takings from self-service betting terminals and other machines grew to top £23.2 million ($29.9 million) and £81.6 million ($105.5 million) respectively.

online casinogambling commissionigamingesportsgaming revenuesgross gaming yieldvirtual gamescoronavirusretail betting shops

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