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Interest to online poker is falling, and in slots and bets is growing

Interest to online poker is falling, and in slots and bets is growing

Interest to online poker is falling, and in slots and bets is growing

07 December 2017

The UK Gambling Commission (UKGC) provided a report on the gambling market revenues in the country for April 2016 to March 2017. It clearly shows which gambling activities are popular and which ones are falling from grace.

According to the UKGC, the online poker sector in the UK is estimated at $136 million. During the same period, the turnover of the online slot market reached $2.2 billion, and virtual sports betting – $2.5 billion.

The calculation of markets profitability even more vividly demonstrates the decline in the interest in online poker. The entire gambling industry of the country earned $3.5 billion, and online poker accounts for only 1.15% of the total amount – $40 million.

The UK is deservedly considered an indicator of the world market, and such a trend is observed there as well. It can be exemplified by the data from the report for the Q3, released by The Stars Group, the parent company of the world's largest online poker resource, PokerStars.

Analysts of the company calculated that for the specified period, the revenue from online poker rose by 12.5%, reaching $221.4 million. At the same time, the growth of online slots and online bets revenue reached 48%, amounting to $95.2 million. It should be noted that percentage growth is a more important indicator than the amount, especially given that the main niche of the company's activities is online poker.

 

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