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Market Monitor The UK
Horseracing
A similar but more exaggerated pattern is evident in horseracing betting. In the 12 months to March 2020, GGY rose by more than 28 % to £ 652.9m( see Chart 9), while turnover fell 5.4 %( Chart 10). Again this reversed the pattern from the previous year, where GGY fell nearly 17 % to £ 509.2m but turnover rose 7 %.
QUARTERLY NUMBERS
The yearly figures for the 12 months to March 2020 are largely – but importantly not completely – free of the impact of the pandemic. We can make some guesses as to what impact there was on the yearly figures from the quarterly numbers, which have been published by the Commission for the first time.
In normal times this would give us a good picture of the seasonal nature of the calendar for betting in particular but also for gaming. As can be seen from the figures for the year to March 2020 in Chart 11, the summer quarter( July to September) saw a dip in activity across both verticals.
The most pronounced seasonal effect came unsurprisingly with betting during the summer, when there is largely no football played. iGB Market Monitor