The Gambling Commission has confirmed that online UK slot players are on the rise. There were approximately 4.1Million active players in the final quarter of 2023, according to their data.
In the first quarter of 2023, there was 3.8m which is an increase of 300,000 active players. The number of individual bets on online slots reached 6.9Bn in Q4. At the start of the year, it was 6.4b.
Gross Gambling Yield (GGY) hit £190.4m in Q4, up from £181.9m compared to Q1. However, such figures are set to decline towards the end of 2024 owing to new online stake limits.
UK Slot Players
Why are online UK slot players on the rise? There are a number of factors that have likely contributed to this. Naturally, the cost of living has meant that many residents are likely to opt to play online rather than visit land-based casinos.
Also, playing online slots on devices such as smartphones, laptops and tablets means people can play from literally anywhere they choose.
Online slot machines can also be enjoyed by those at times of days that suit them. After work, on days off and on journeys via public transport etc.
However, in September 2024 there will be new stake limits introduced for online slot players in the UK. At the time of writing, over 25’s will be capped at £5 per spin. Additionally, 18-24 year-olds will be limited to a maximum of £2 per spin.
Naturally, these new reforms are to help protect vulnerable players. But it is more than likely that gambling companies will be reporting smaller revenues throughout 2025.
Many people are able to enjoy online slot games in the UK without any problems. Nonetheless, the new measures will be enforced to avoid binge gambling and ensure player safety is the main priority.
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