Slots GGY Reaches Record £680 Million, According to UKGC
Newly released data from the United Kingdom Gambling Commission shows that slots sessions at online casinos are getting longer as per its Q3 data. Total slots sessions are also up, the report said.
Length of Sessions Increases with 9%
The UK’s Gambling Commission has released new data showing that online slots play is getting more popular at online casinos in the country.
According to statistics for the period between July and September 2024, there were 10 million online slots sessions lasting longer than an hour.
This was a rise of 9% on the previous year’s numbers, although the Gambling Commission data also showed that the average slots session length remained stable, at 17 minutes.
The number of spins per session was revealed by the report to have dropped slightly, decreasing from 147 to 142.
The Gross Gambling Yield (GGY) per online slots session was down a little, having fallen from £4.20 to £4.13 when compared to the same three-month period last year. Slots GGY was also shown to have reached a new high of £680 million for that quarter.
GGY Up Overall
Largely driven by the increase in online slots activity, the Gambling Commission said the three months to the end of September 2024 had a GGY of £1.32 billion.
This was up by 11%, indicating the continued growth of the online gambling industry, but there was a slight drop on the previous quarter’s £1.46 billion GGY. Data showed that the overall number of total bets and/or spins was up 12% year-on-year.
The £25.2 billion figure of total bets sets a new record for the third quarter in a row, while there was also an 8% rise in average monthly active accounts in the quarter as well.
Offline Betting Dropping
The Gambling Commission research showed that while gambling at online casinos and playing games like slots keeps getting more popular, offline betting is in decline.
Data revealed a 6% drop in the number of bets being placed over the counter in betting shops. GGY for this department of the gambling industry fell by 8% to £152 million as a result.
For offline betting overall, the quarter’s GGY was down by 1% to £533 million, with the figures showing a 0.1% drop in the number of total bets and spins to £3.1 billion.
The number of bets placed on Self-Service Betting Terminals (SSBTs) was up, though, with a year-on-year rise of 9% to hit 34 million. GGY for SSBTs in the UK increased by 8% year-on-year to reach just over £100 million.
