Analysis of the UK Online Bingo industry
The UK online bingo industry continues to enjoy a resurgence thanks to the rise of online bingo. Across the country, players are choosing to shun the halls in favor of enjoying bingo from the comfort of their own home.
Whether you enjoy speed bingo, classic 90-ball or something in between, the internet is packed with exciting options that are sure to keep you engaged. There is no surprise that the online bingo industry is going from strength to strength across the world!
In this article, we will take a look at the UK online bingo industry. We take a look at the statistics and data behind the headlines to see how big the surge in interest around bingo has really been.
So, without further ado, let’s take a look at the first element in our analysis of the UK online bingo industry.
Statistics Around the UK Online Bingo Industry
Recently released data shows that from late 2018 to 2019, bingo in the UK made more than a billion GBP. The largest portion of this came from main stage bingo, with almost two-thirds of the total coming from this source. Throughout the sample time, bingo revenues did drop. Largely, this is due to the continued downturn in the bingo hall business. In ten years from 2009, the total value of bingo in the UK dropped by over £300 million.
When we talk of gross gambling yield, we refer to the total kept by gambling businesses after the winnings have been paid but before the costs of the business are figured in. In 2018, bingo made £688.3 million. Of this, online bingo was responsible for over £5.3 billion GBP.
It will come as no surprise that the number of bingo halls and people employed in bingo halls has steadily dropped since 2009. Online bingo certainly seems to be the future of this classic game.
The future of bingo in the UK
Taking the above statistics into account, online bingo is clearly the future of the game. The online world can be tough to understand for many and players can enjoy unbiased reviews at Bingosites.net.
Players are showing a clear trend toward preferring online forms of bingo in the UK. The variety of games as well as the opportunity to grab top quality bonuses are thought to be behind the move online.
With the COVID-19 pandemic of 2020 having put many bingo halls out of business, more and more players of the game are heading online to enjoy thrills, fun and potentially massive wins!
Overall, it can be said that our analysis of the UK online bingo industry shows an industry in the ascendency. Although brick and mortar bingo is in decline and has been for some time, the fact remains that online bingo is proving huge with players of all ages!
This article does not necessarily reflect the opinions of the editors or management of EconoTimes