Bingo players in the UK are spending a whopping £600 million on online bingo tickets each year.
The statistic came from the online bingo and information monitoring website Bingoport who said this week that the game is catching on at a rapid rate in the UK.
'We've seen unprecedented growth in the online bingo industry here in the UK in the past year,' said BingoPort’s MD and co-founder, Scott Logan. 'The fact that online bingo players are purchasing bingo tickets in the realm of GBP 600 million annually is truly amazing considering the credit crunch, but not surprising considering the licensing of the online gaming industry in the UK.'
BingoPort also revealed the UK industry leaders based on profits and sheer quantity. Sun Bingo is the largest with 19% of the UK turnover, followed by Gala Bingo (16%) and Foxy Bingo (13%).
'This is the most accurate estimate to date of the size of the online bingo industry in this country,' said Logan.
'As the only company so comprehensively monitoring this data, we are able to gain a unique insight into the industry that isn't possible otherwise, especially since most online bingo operators are not public companies and are reluctant to release information about their turnover.'
Foxy Bingo ,which according to this report are the third largest online bingo operators in the country , currently has nearly half a million registered users and the player base continues to grow on a weekly basis.
Using clever marketing and advertising strategies incorporating the now iconic Foxy character the company which owns the Foxybingo brand – Cashcade Ltd – has been able to attract players who would not normally enter a bingo hall or a bookmakers.
This latest report shows that the day of the out dated bingo hall may be a thing of the past with the future of bingo resting online.