Gambling: Economic Situation
(asked on 23rd October 2024) - View Source
Question to the Department for Digital, Culture, Media & Sport:
To ask the Secretary of State for Culture, Media and Sport, what estimate she has made of the contribution of the betting and gaming industry to the economy.
Answered by
Stephanie Peacock
Parliamentary Under Secretary of State (Department for Culture, Media and Sport)
Official statistics from a range of sources provide the Government with insights into the economic contribution of the betting and gaming industry, including estimates for gross value added (GVA), employment generated and tax revenue raised.
The latest headline statistics show that the gambling sector contributed £4.9bn to GVA in 2022, accounting for 0.2% of UK GVA. In the financial year 2023/24, the gambling sector employed around 94,000 people in Britain (provisional), accounting for 0.2% of UK jobs and paid approximately £3.4bn in betting and gaming duty.