👀United Kingdom 🇬🇧: closure of the Advisory Board for Safer Gambling (ABSG)

👀United Kingdom 🇬🇧: closure of the Advisory Board for Safer Gambling (ABSG)

At the conclusion of its mandate, the body will be dissolved and replaced by a new research group. This means regulation will remain in place, and the administrative framework will continue.

▶️Historical background: gambling has been a core leisure activity in the UK for centuries. Among its most enduring traditions is horse racing, with the earliest recorded races taking place in Chester in 1539.

▶️Current situation (data as of late 2024):

👉In December 2024, 48% of adults (around 24 million people) engaged in gambling activities.

👉The National Lottery leads with 31% participation, followed by sports betting with 12% of adults.

👉The gambling industry generates GBP 15.6 billion annually, cementing its role as a major contributor to the UK economy.

👉The share of online gambling grew from 18.3% in 2017 to 38% in 2024.

👉In online gambling, 23% of men participate compared to 11% of women, while in land-based gambling gender differences are less pronounced.

▶️Youth gambling: in 2024, 27% of young people aged 11–17 reported spending money on gambling-related activities.

#Europe #news #gambling

🏦Payouter.com — reliable payment partner in the CIS and 🇮🇳India: Intent, UPI P2C conversion 54% on FTD