Rise of 7.3% for gambling industry after prizes paid out

THE gambling industry made £16.8 billion from consumers in the year to March after paying out any prizes - up 7.3% on the year before, official figures show.

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The Gambling Commission said the latest annual industry statistics, which report on the customer-facing gambling industry in Great Britain, showed the rise in “gross gambling yield" (GGY) was largely driven by online gambling, which had gone up by more than £900 million to an annual figure of £7.8 billion.

In GGY terms, the remote casino, betting and bingo (RCBB) sector made up 46% of the market in Great Britain, the regulator said.

The land-based sector had 29% of the market at £4.8 billion.