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Online gambling claims ever-larger share of UK market

Online gambling is taking an ever-greater slice of the UK market’s overall revenue, according to new statistics.

The UK Gambling Commission (UKGC) recently issued its latest statistics covering the 12 months spanning April 2017 to March 2018, during which time the market’s overall gambling revenue hit £14.4b, a 4.2% rise from the period spanning April 2016 to March 2017.

Online gambling accounted for £5.3b of the latest total, up 12.8% from the previous period, while the online share of the total pie increased 2.8 points to 37.1%. Betting ranked second with a 23% share, followed by the National Lottery (21%), casinos (8%), bingo (5%) large society lotteries (4%) and arcades (3%).

Nektan (LON:NKTN) is an international B2B and white label gaming software and services provider, operating in the regulated, interactive real money gaming (RMG) space, delivering original and innovative solutions to commercial organisations that have established online audiences.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.