Home Business NewsBusinessBusiness Growth News Mind blowing 2,922% increase on Casino operator gross gambling yield YoY

Mind blowing 2,922% increase on Casino operator gross gambling yield YoY

by LLB Finance Reporter
24th Aug 20 12:01 pm

The data analyzed and published by SafeBettingSites.com revealed that eSports gambling has experienced a spectacular 2,922% rise YoY in gross gambling yield (GGY). Based on data from the report, the GGY for March 2019 was £50,223, increasing to £1,517,548 in March 2020.

The uptrend carried into subsequent months, resulting in a 124% increase from March to April, with a GGY of £3,393,637. In May, there was a further increase to £4,616,610.

Real event sports betting sees 146% upsurge post-lockdown after £100m drop

Not every sector of online gambling experienced the kind of growth enjoyed by eSports betting. For instance, for real event sports betting, the situation was reversed according to another UKGC report.

While the revenue for March 2020 was £160,950,242, it plummeted by almost £100 million to £61,938,466 in April. In May, however, there was a slight recovery to £101,325,941. Notably though, things took a remarkable turn in June with the easing of COVID-19 lockdown measures.

Punters in May had placed a total of 104 million bets on real sports events. But in June, the number went up to 255.4 million. In turn, this led to an impressive upsurge of 146% in revenue. Similarly, the GGY for the period rose by 115% and the number of active players increased by 81%.

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