Gambling industry revenues to plummet 17% by 2024 Golden Casino News estimates, from 79.83 billion US dollars this year to 70.5 billion US dollars by 2024.
Revenues from gambling and betting activities in the United Kingdom will decline over the next four years to 70.5 billion US dollars in 2024, according to data gathered by GoldenCasinoNews.com.
The figures relate to the licensed United Kingdom gambling and betting industry, which covers online and land-based sports betting and casino, bingo and lottery.
The report forecasts that total revenues for 2020 will hit 79.83 billion US dollars but then fall to 76.98 billion US dollars in 2021, a drop of 3.7 per cent year on year.
For 2022, the report estimates the sector could generate 74.42 billion US dollars but then fall 31.1 per cent to record 72.12 billion US dollars in 2023.
“Generally, gambling and betting sector revenue has been declining since 2012 due to various factors fuelled by a change in legislation”, the report said.
The only anomaly was year 2017 when the gambling industry revenues recorded 101.02 billion US dollars.
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