Report sees gross win World Cup windfall for UK operators

worldcupThe UK sports betting industry could see a £100 million World Cup 2014 windfall, reports corporate research and insights company Regulus Insights. The report commissioned by Sporting Index, predicts betting volumes to increase by 50% compared to betting figures for World Cup 2010.

Mobile and in-play functionalities will lead the betting drive, as revenues and gross win generation are set to break all previous records. The researchers predict that with a favourable set of results, UK operators could share a gross win revenue of between – £50 and £100 million.

“Should England progress further than is predicted by the current odds, this could push staking volumes north of the £800m mark as increased public enthusiasm would translate into further betting volume,” the report stated.

The positive figures expected by Regulus Insights, will come as positive news to UK facing sports betting operators, who have witnessed unfavourable football results during the months of January and March 2014, where bookmakers saw combined loses of £30 million on English Premiership wagering.

Check Also

FDJ secures ‘favourable’ €380m loan to repay its French state duties

Française des Jeux (FDJ) has confirmed that it has secured access to a €380 million …

BGC takes over The Senet Group’s duties and responsibilities

UK gambling standards association The Senet Group has this afternoon confirmed that it will transfer …

MGA releases operator integrity guidance during COVID-19 lockdown

The Malta Gaming Authority (MGA) has confirmed that it will be ‘increasing industry outreach’ to …