This figure was significantly lower during the previous year as a result of the pandemic when safety regulations were put in place that meant sporting events were either canceled or must take place without spectators. In between April 2021 and March 2022, the turnover of on course horse race betting in Great Britain was approximately 119.3 million British pounds. That being said, there are still those who bet on course at events, this being especially common at the races. Increasingly many sports bets are being made online, some of the leading UK sportsbook websites being used by bettors include, , and .uk. Some of the more common events that are bet on in the UK are sporting events, such as horse racing, dog racing, and soccer. In March 2022, the number of active players placing bets on real events in Great Britain grew again to approximately 6.38 million. The overall number of online bets placed in Great Britain was dominated by betting on real events however, due to the pandemic, the number of bets placed on real events dropped significantly in April 2020 and bets placed on virtual events increased. The online market’s GGY remained high throughout the pandemic, surpassing the pre-pandemic figure of around 92 million British pounds in March 2019. The GGY of the online betting market in the UK amounted to roughly 250 million British pounds at the start of 2022.

With the rapid technological development of personal computers and mobile devices in recent times, it is perhaps unsurprising that the online gambling, or remote gambling, sector has grown in recent years. As of the fourth quarter of 2022, the most popular betting brand in Great Britain was the National Lottery. This decline is likely a result of the growth of the online betting market in the United Kingdom. Prior to the pandemic, the number of betting shops in Great Britain was already on the decline, from over nine thousand in 2011 to well under seven thousand in 2022. The previous year, between April 2020 and March 2021, Great Britain’s GGY fell to a decade low 1.04 billion as a result of the coronavirus (COVID-19) pandemic. The gross gambling yield (GGY) of the betting sector in Great Britain between April and March 2022 was approximately 2.13 billion British pounds. These operate both as land-based establishments, like casinos or betting shops, and online. Bets are typically made through bookmakers, also known as bookies. Betting in the United Kingdom - statistics & factsīetting is a type of gambling that refers to the act of placing a wager on the outcome of an event.

How big is sports betting industry