Gambling affordability checks contributed to 2021-22 revenue drop
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BGC's contribution to the British economy is based on data covering the period between July 2021 and June 2022. Online gaming revenue has ticked up on pre-Covid levels, but online betting revenue is down. Inflation and affordability checks contributed to 2021-22 revenue drop. The delay in 2005 Gambling Act Review means operators and players are not getting clarification on affordability check. The industry is serious about safer gambling, and it's encouraging that the rates of problem gambling among UK adults remains low by international standards at 0.3%.
The regulated gambling industry contributed £7.1bn to the UK economy between 2021 and 2022. This is roughly £800m less than in 2019. The industry’s tax contribution made up 0.37% of the total tax receipts in 2021-2022.
Gambling Act Review is needed to protect the vulnerable and allow business to thrive. The industry pumps billions into the economy and supports over one hundred thousand jobs. The Gambling industry needs to grow to maintain its status as a global leader.
