PARLIAMENTARY WRITTEN QUESTION
Gambling: Economic Situation (23 October 2024)
Question Asked
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.
Asked by:
Gareth Bacon (Conservative)
Asked by:
Gareth Bacon (Conservative)
Answer
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.
Answered by:
Stephanie Peacock (Labour)
7 November 2024
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