UK gambling is currently the smallest sector overseen by the Department for Culture, Media and Sport (DCMS), with 1,000 gambling businesses operating throughout the country.
However, the industry continues to thrive, with nearly a quarter of businesses generating more than £1 million in revenues each year. These figures are contained in the latest economic estimates report submitted by the DCMS to the National Office of Statistics (ONS).
UK Gambling Categorized as Standalone Sector
According to the report, as of March 2022, gambling businesses accounted for just 0.2% of all businesses supervised by the DCMS, but unlike many of the other sectors, the gambling industry had been categorized as an independent sector with no overlap with other sub-sectors.
Of the 1,000 gambling businesses operating in the UK, 705 were categorized as micro-sized (0-9 employees), with 35 belonging to the large business category with over 250 employees. The rest were categorized as small (10-49 employees) and medium (40-249 employees).
Most6 Firms Generate Over £1M Annual Revenue
In terms of revenue, most of the firms generate between £100,000 and £250,000 each year, while 235 generate more than £1 million.
Most UK gambling businesses are based in London (17%), with the rest located in the Midlands (12%), the North West (11%), Scotland (10%), and Northern Ireland (4.2%).