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Read more…Gambling comes in many different forms, from betting on horse racing to entering the National Lottery. We looked at the statistics to see how Brits are spending their money on gambling and if we’re gambling responsibly or not. While gambling can be fun, there are some obvious (and less obvious) downsides. You could run up debt, or damage your chances of borrowing money or even securing a mortgage. Gambling carefully and responsibly is essential.
In March 2022, 43% of Brits gambled at least once. However, more males than females are gambling, with around 45% gambling in the last 4 weeks compared to 42% of females. Gambling participation reached its highest level in 2016, where 48% of all Brits said they gambled at least once.
All Respondents | Males | Females | |
---|---|---|---|
Year to March 2015 | 44.80% | 49.10% | 40.70% |
Year to March 2016 | 48.40% | 52.60% | 44.30% |
Year to March 2017 | 44.80% | 48.40% | 41.40% |
Year to March 2018 | 44.70% | 48.10% | 41.50% |
Year to March 2019 | 46.30% | 51.40% | 41.40% |
Year to March 2020 | 46.70% | 50.40% | 43.10% |
Year to March 2021 | 40% | 41.60% | 38.60% |
Year to March 2022 | 43.30% | 45% | 41.80% |
By far, the most popular type of gambling in the UK is the National Lottery, with almost a third of Brits (27%) taking part in it in 2022. The next most popular types of gambling are scratchcards (10%) and sports betting with 5% of Brits taking part in this in 2022.
Gambling activity | Year to March 2022 |
---|---|
National Lottery draws | 27.20% |
Scratchcards | 7.10% |
Fruit or slot machines | 2.50% |
Virtual gaming machines in a bookmakers | 0.10% |
Bingo | 2.10% |
Football pools | 1% |
Horse races | 3.50% |
Dog racesb | 0.40% |
Sports betting | 5.20% |
Betting on other eventsbg | 0.60% |
Virtual dog or horse races | 0.50% |
Spread betting | 0.30% |
Online slot machine style games / instant wins | 3.40% |
Casino gamesc | 0.80% |
Poker at a pub / club | 0.20% |
Private betting | 3.80% |
On average, Brits are spending £2.40 per week on gambling. Those in the night income percentile spend the most on gambling at £2.90 per week, while those in the second lowest percentile spend the least at £1.90.
Income group | Weekly spend |
---|---|
Lowest 10% | £2.10 |
Second decile group | £1.90 |
Third decile group | £2.70 |
Fourth decile group | £2.60 |
Fifth decile group | £2.00 |
Sixth decile group | £2.30 |
Seventh decile group | £2.50 |
Eighth decile group | £2.40 |
Ninth decile group | £2.90 |
Highest 10% | £2.50 |
The total gross gambling yield stood at £14.1 billion in 2020, which is 1.4% less than the total in 2019 and 2.1% less than in 2018. The betting industry can be seen to be the centre of UK gambling. The betting industry has approximately 46 thousand employees (2019). This is a decrease of roughly nine thousand across the past nine years. Sectors such as bingo, casinos and arcades have around ten thousand employees. Online betting follows this trend with around ten thousand employees. However the lottery only has around a thousand employees.
Online casinos made £1937 million in total gross gambling yield from April 2020 to September 2020, making it the most popular game of choice. Non-remote betting made £2,812 million in total gross gambling yield during the same time, while remote betting made £2,121 million.
Year | Gambling Gross Yield |
---|---|
March 2018 | 14.4 |
March 2019 | 14.3 |
March 2020 | 14.1 |
Almost half (45%) of men engage in online sports betting, compared to 23% of women. For example, 7% of men play online poker, compared to only 1% of women. In recent years fantasy sports has increased in popularity and following the trend, this form of online betting is more popular amongst men (4%), compared to less than 1% of women.
While gambling can be a source of entertainment, it can also cause serious money problems, addiction and debt.
Compare savings accounts in our table – find the best rates and perks.
Read more…You’ll find customer satisfaction star ratings on some of our savings accounts. Here’s how we came up with them.
Read more…Learn more about opening a savings account with our guide.
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