UK revenues hit by affordability checks

Gambling revenues in the UK have been hit by the recent introduction of affordability checks, a report has found.

Ernst & Young conducted the research on behalf of the Betting and Gaming Council, whose chief executive Michael Dugher has subsequently called for an “evidence-led” and “balanced” white paper on UK gambling reform.

EY also found that the UK’s gambling sector remained ‘robust’ after the pandemic and is now facing the energy and cost of living crises.

According to EY, BGC members’ total gross value added contribution to the UK economy was £7.1bn, despite the external pressures.

Across the industry, overall gross gambling yield was marginally up on the 2019 figure, while EY reported that 110,000 people’s livelihoods are supported by the industry.

The report comes as the UK government prepares to release its long-awaited white paper into reform of the Gambling Act 2005. The recommended legislation aims to bring the country’s law into the digtial age.

Paul Scully is the government minister leading the review, which has been beset by a number of setbacks since the Conservatives pledged the review in their 2019 election manifesto.

BGC CEO Dugher said: “This industry needs to thrive if it is to maintain its status as a global leader.

“As ministers consider the regulatory framework for this industry, they should stop and think, and ensure the decisions they make support a sustainable future.

“This is a sector that is ready to invest, on hard-pressed high streets through bookmakers, in tourism and hospitality through world-class casinos and online where our tech giant members are looking to increase the number of apprentices they hire.

“We urge the government to find an evidence-led, balanced white paper that protects the vulnerable, allows the vast majority who bet safely to continue to do so, and crucially allows business to thrive.”