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Q: Size of Betting Market in the UK ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Size of Betting Market in the UK
Category: Business and Money
Asked by: bengurion-ga
List Price: $31.00
Posted: 04 Nov 2003 13:33 PST
Expires: 04 Dec 2003 13:33 PST
Question ID: 272612
The betting market in the UK is booming. I'm talking about places that
one calls to bet about how many corners there will be in a game, how
many penatly shots, etc.
How large is this market? What is the turnover of these betting
"agencies"?
And for a bonus of 10$: how many bookies are there?
The answer MUST give me a link to the source of the information which
MUST be from research done from 2001 and onwards.

Request for Question Clarification by bobbie7-ga on 04 Nov 2003 20:09 PST
Hello Bengurion,

I located the annual returns ending December 2002 for the major UK
betting agencies:

- William Hill,
- Ladbrokes
- Paddy Power
- Sportech
- Rank Group
- Arena Leisure 
- Ukbetting 

Would this be a satisfactory answer to your question?

Thanks,
Bobbie7
Answer  
Subject: Re: Size of Betting Market in the UK
Answered By: belindalevez-ga on 05 Nov 2003 09:13 PST
Rated:5 out of 5 stars
 
<Prior to the abolition of betting tax, the UK betting market was
worth £7 billion. The abolition of tax was anticipated to result in a
33 to 50 % increase. However it has resulted in a massive 70% increase
in turnover. By 2002 UK betting turnover had reached £1.3 billion per
month which equates to £15.6 billion per year.
http://www.telegraph.co.uk/news/main.jhtml?xml=/news/2001/03/08/nbud908.xml
http://www.nottingham.ac.uk/business/news/39.htm

In 2002/3, £7.5 billion was bet on horse racing in betting shops.
http://www.bhb.co.uk/goracing_keycourses.asp

The UK betting market consists of high street betting shops, race
course bookmakers, telephone betting services and offshore internet
betting services.  The UK has over 8,500 betting shops. The majority
are owned by a handful of major chains as follows: Ladbrokes - 2,000,
William Hill -1,600 and Coral 960, Stanley Leisure 600, Tote 400, Jack
Brown 133, Done Bros 95, Coomes 80, Independents/small chains 3,300.
In addition there are around 700 bookmakers licensed to take bets on
the UK?s 59 race tracks.
http://www.ateonline.co.uk/library/LBOp14.pdf

Turnover of bookmakers.
In 2001/2002 there were 338 bookmakers with a turnover of under
£250,000, 826 with a turnover of £250,000 to £1,000,000 and 239
bookmakers with a turnover over £1,000,000.
http://www.parliament.the-stationery-office.co.uk/pa/cm200203/cmhansrd/vo021120/text/21120w15.htm

Ladbrokes UK retail turnover £2755.6 million.
http://www.bettingmarket.com/hilton.htm

William Hill ? 2002 results. 
http://corporate.willhill.com/results_2002.asp

Coral
http://www.coral.co.uk/coraleurobet/

Stanley
http://icliverpool.icnetwork.co.uk/business/news/content_objectid=13166868_method=full_siteid=50061_headline=-Stanley-eyeing-Tote-takeover-name_page.html

Turnover of major betting groups.
http://www.bettingmarket.com/companyrs.htm

Market Research.com has a report about the UK betting market which can
be purchased for $1,125.00
http://www.marketresearch.com/product/display.asp?productID=911455&xs=r

Table of contents
http://www.marketresearch.com/map/prod/911455.html

Overview of the betting market.
http://216.239.59.104/search?q=cache:HKpTWiomiBoJ:www.competition-commission.org.uk/rep_pub/reports/1998/fulltext/418c4.pdf+commission+700+bookmakers+%22chapter+4%22&hl=en&ie=UTF-8



Turnover on greyhound racing 1998 to 2002.
http://www.parliament.the-stationery-office.co.uk/pa/cm200203/cmhansrd/cm030630/text/30630w10.htm>

Bookmakers? permits.
http://www.culture.gov.uk/NR/rdonlyres/epcedsx3i6vnmrbxw66viugmax74ybeelkup5b4ryjysedbbpduaht3xvjy5d36sh63y7sizjv7h7vsfvv4f5qaz2sb/bookmakerpermit.pdf


<Search strategy:>


<british horseracing board>
<://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=british+horseracing+board>

<betting turnover 2002 uk>
<://www.google.com/search?hl=en&lr=&ie=ISO-8859-1&q=betting+turnover+2002+uk>

<betting turnover 2003 uk>
<://www.google.com/search?q=betting+turnover+2003+uk&hl=en&lr=&ie=UTF-8&start=10&sa=N>


<Hope this helps.>

Request for Answer Clarification by bengurion-ga on 06 Nov 2003 12:34 PST
Belinda,
Thank you for your great answer. You deserve the fee, but maybe you
can give me one more figure: the breakdown of the total sum of
turnover between the different sources - online, shops, telephone call
centers, etc.
Also - do you know how many dealers are employed?
Thanks again,
Daniel

Clarification of Answer by belindalevez-ga on 06 Nov 2003 13:20 PST
<What do you mean by dealers? The shops are generally run by a manager
and several cashiers, the number of which vary depending on how busy
the shop is.>
bengurion-ga rated this answer:5 out of 5 stars
What can I say? - Great answer!
Thanks

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