Annual gross gambling yield of the gambling industry in Great Britain 2010-2020

The gross gambling yield (GGY) of the gambling industry in Great Britain gradually decreased in the past three years. During the period April 2020 to September 2020, the industry generated a GGY of 5.89 billion British pounds, down from the previous year's yield of 14.12 billion British pounds. The GGY is a key metric used within the gambling industry to refer to the difference between the amount of money received by a given agent and the amount of money paid out by the agent. Sales revenue can be thought of as a comparable metric from outside the gambling industry.

Impact of the COVID-19 Pandemic

The coronavirus pandemic drastically impacted the gambling industry across the globe. In Great Britain, this can be seen in the decrease in gross gambling yield of the casino, betting, and bingo sectors. Remote gambling contributed the highest yield during April 2019 and March 2020. Non-remote gambling was significantly affected by the imposed closure of non-essential businesses in the country to contain the spread of the virus.

Participation

The public opinion on gambling in Great Britain is a contentious issue among younger Britons. Approximately 32 percent of British youth believe that gambling is dangerous, while 16 percent are unsure. In youths, the increase of problem gamblers seems to coincide with the frequency of online gambling advertisements in the country.