According to the latest set of figures released by the UK Gambling Commission (UKGC), online gambling is the largest form of gambling in the UK market.
Covering the period between April 2015 and March 2016, the statistics reveal that online gambling accounts for 33% of all gambling activity in Britain, generating a gross gambling yield (GGY) of £4.5 billion to online operators within that period.
The gambling industry generated an overall GGY of £13.6 billion within those 12 months, with retail betting accounting for £3.3 billion and land-based casinos bringing in a total of £1 billion.
The UKGC also reported that since September 2016, there were 8,709 betting shops in the UK, representing a decrease of 1.8% on the previous year.
The amount of bingo premises in the country has also declined, dropping by 4.3% to 575 locations between March 2016 and September 2016.
UKGC Programme Director James Green said: “Our latest statistics show that with the growth in online gambling the industry is increasingly taking a creative approach to using technology to engage consumers.
“As the online sector grows operators will also need to demonstrate that they are taking an equally innovative approach to ensuring gambling is safe for all online consumers.”