The United Kingdom has the largest regulated online gambling market in the world. In 2018-19, 10.5 million adults (aged 16+) gambled online, and the online sector yielded £5.3bn gross. The online sector is growing with the increased use of mobile devices. By March 2023, 14 million active players were gambling online across verticals, with the biggest operators (who cover approximately 80% of the online gambling market).
Get protected todayGlobally, 2022 saw the gambling scene make $449.04 billion worldwide, with online gambling contributing $74.42 billion (16.58%) of the total revenue, the biggest contributor among the segments. Also, analysts project the market to rise at an annual rate of 9.1% and reach $124 billion by 2027.
From 2014 to 2022 there were at least ten attacks on Vegas casinos, leaving these organisations unable to fully operate until system restoration was complete, causing significant financial and reputational damage. Casinos are an opportunistic target because they have money and the public outcry is less pronounced when they are attacked, according to Katell Thielemann, distinguished VP analyst at Gartner.
The gaming industry is heavily regulated and therefore is full of technologies to monitor the movement of clients, croupiers, service workers and funds alike. Every one of these systems is a possible entry point.Katell ThielemannVP analyst at Gartner, Inc
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The UK has been at the forefront of the global gambling industry for nearly two decades, passing laws to regulate remote gaming as early as 2005.
It also has the largest regulated online gambling marketing in the world, generating a total gross gambling yield (GGY) of £15.1 billion in the period between April 2022 and March 2023.
This represents a 6.8 per cent increase on the previous year and a 6.6% increase on the last pre-lockdown period between April 2019 and March 2020.
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