The gambling industry continues to grow worldwide, and remains a major tech employer. One of the main contributing factors comes from online wagers.
A recent report claimed the online gambling market may grow by $142.38 billion between 2021 and 2026. Between 2021 and 2022, the market grew by an estimated 11.82%.
The Gambling Act of 2005 sought to regulate the online gambling industry in the UK The world’s top gambling companies have their headquarters in London.
Here’s an in-depth perspective of the UK gambling industry.
Most popular form of online gambling in the UK: The National Lottery
The National Lottery remains the most popular form of online betting in the UK. In 2017, 8.6% of survey respondents bet on National Lottery draws.
That number increased to 14% by September 2021. An extra 8% also gambled on another lottery.
At 4.9%, wagers on sports betting stayed the same. Betting on horse races increased from 1.8% to 2.6%.
45-54 year olds gambled online the most between 2020 – 202...
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