EY report: GB gambling contributed £7.7bn to economy in 2019

EY report: GB gambling contributed £7.7bn to economy in 2019

The British gambling industry contributes £7.7bn to the country’s economy according to an Ernst & Young report commissioned by the Betting and Gaming Council (BGC).

Published 30th March 2021

In addition, the report noted the gambling sector provides 61,000 jobs across the country, while contributing indirectly to a further 58,000 jobs. However, its contribution, both in financial and employment terms, is to fall in 2020, as a result of the novel coronavirus (Covid-19) pandemic.

The £7.7bn figure, comprises the contribution the industry adds to Britain’s gross domestic product (GDP) in 2019, known as its gross value added (GVA).

Breaking down this total, £2.6bn came directly from the operations of BGC members. A further £2.9bn was indirect, through demand these members created down the supply chain.

Finally, £2.2bn was defined as induced, meaning it came from spending by those employed by BGC members.

Read the full story on iGB.