The UKGC (United Kingdom Gambling Commission) has published data for Q3 which shows UK slots activity and overall gambling behaviour in the UK.
The data released by the regulatory body which oversees all UK gambling activities compares Q3 of the financial year 2022 to 2023 with Q3 of 2021 to 2022.
UK Slots Activity Posts Solid Increase
In the UKGC data, it is revealed that UK slots activity is on the rise. UK slots operators recorded a 13% increase in the average monthly active accounts. The figure rose to 3.7 million per month year-on-year for the quarter.
Brits are betting more on slots too. The number of spins rose by 8% on an annual basis. Meanwhile, there was a 21% increase in the number of total sessions in the equivalent time period. The increase in UK slots activity appeared to have a positive impact on the gambling operators' bottom lines. Gross Gambling Yield (GGY) in slots increased 2% to £582 million between Q3 2021 to 2022 and Q3 2022 to 2023.
Less Time Spent Playing Slots
Interestingly, despite the number of UK online slots sessions lasting longer than an hour increasing by 11% in Q3 to surpass 9 million for the first time, the amount of time playing slots is falling.
During Q3, 6.5% of all sessions lasted in excess of one hour. This was the lowest percentage recorded by the UKGC since it started collecting data in March 2020.
Overall, the average online slots session length fell by 2 minutes to 17 minutes in Q3 on an annual basis.
Slots Important to Gambling Operators
The importance of slots to UK gambling operators was brought to the fore in the fresh data. Whilst slots GGY posted a 2% increase, the total online GGY actually saw a 2% decrease.
UK slots activity at £586 million in Q3, also constitutes nearly half of all online GGY, which stood at £1.2 billion for the quarter.
A statement on the UKGC website accompanying the data said:
“We continue to expect vigilance from operators as consumers are impacted in different ways by the current economic environment. Many people will feel vulnerable as they face further uncertainty about their personal or financial circumstances.”
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