UK Online Bingo Industry Worth £600 Million
June 17, 2008 by Bingo Spy
Filed under Bingo News
We all love online bingo and the majority of us play on more then one bingo site but have you ever wondered just how much this online bingo industry is really worth? Well this week it was announced in the United Kingdom alone we are spending over £600 million a year on bingo tickets; that is more then the GDP of some countries!
The data that has been collected by Bingoport; the online bingo authority also showed that Sun Bingo is still holding it’s top spot as the number one online bingo site in the UK with a massive 19% market share which is based on the value of the tickets sold.
Scott Logan the managing director of Bingo Port said “We’ve seen unprecedented growth in the online bingo industry here in the UK in the past year. The fact that online bingo players are purchasing bingo tickets in the realm of £600 million annually is truly amazing considering the credit crunch, but not surprising considering the licensing of the online gaming industry in the UK.”
The figures were collated by Bingo Port who monitors all online bingo sites in the UK 24 hours a day 7 days a week.
These figures are the most accurate estimate ever of the size of the online bingo industry. Bingo Port are the only company who monitor data from all of the sites so are able to gain an overview of the industry that is not usually possible as most bingo sites are very reluctant to release such details publicly.
The top sites based on the value of ticket sales and games prices in the UK at the moment are:
1: The Sun – 19%
2: Gala Bingo – 16%
3: Foxy Bingo – 13%
4: Jackpot Joy – 10%
5: Mecca Bingo – 7%
The figures show there is no real market leader based on market share, The Sun has kept its overall share but the figures change all the time based on what promotions are been run at the time.
Logan noted that the number of promotions been run are increasing all the time as these sites fight for market share. Sites such as The Sun and Gala have gained market share through their well known branding but it is the promotions that keep players loyal
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