"One only has to look at the official figures released by the UK's Gambling Commission to see that online gambling is a booming sector. Now worth £6.9 billion a year, it outstrips the land-based activity that recorded a gross revenue of £4.6 billion for the period between April 2023 and March 2024. The real stars of the show are the online casinos, responsible for £4.4 billion in revenue and,"
"drilling down even further, the most significant contributor to this total is the slots games at £3.6 billion. While player numbers are never going to be revealed by the operators themselves it's fairly safe to assume that these are also on the rise, Adam Volz of Casino.org has done his research into the best UK online casinos and found that the highest payout rate is 98.76%, which goes a long way to explaining why they are the most popular type of casino game."
UK online gambling now generates £6.9 billion annually, surpassing land-based gross revenue of £4.6 billion for April 2023–March 2024. Online casinos produce £4.4 billion, with slots contributing £3.6 billion. Leading operators report payout rates up to 98.76%, which helps explain slot popularity. Online casinos handle continuous payments and sensitive personal data, creating cybercrime risk and requiring robust security. Gambling Commission licensing mandates evidence of secure systems, financial reserves to cover winnings, and fair game operation. Operators implement specific measures across key areas to protect funds, data, and game integrity.
Read at Business Matters
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