Of the adult population in Britain, just under a third (32%) partake in gambling, and 23% have increased their habit over the last year. Happiness Index by the Centre for Economics and Business Research, a quarter of gamblers have increased their gambling spending during the last year, with those under 35 three times more likely to be spending greater amounts. In the face of such price hikes, it’s valid to question how the cost of living crisis will affect gambling, and we already have some stats to refer to. The latest YouGov poll reveals more about how Britons are responding to the soaring prices, with the hardest-hit area entertainment, specifically subscriptions and dining out.Įntertainment spending is down, but what about gambling? It’s not just energy and daily needs where consumers are reducing spending.

In real terms, this had led to average wages falling at the fastest rate for more than two decades.Īccording to the Office for National Statistics (ONS), more than three-quarters of adults are worried about the cost of living, with 41% of respondents spending less on food shopping and other essentials. This, coupled with increased demand for consumer goods and supply chain bottlenecks, is causing enormous problems for households in the UK. Soaring energy prices have seen domestic gas prices rise by over 94% and domestic energy up by 54%.

It is expected to peak at almost 9% by Q4 2022. In April 2022, inflation reached the highest level on record. The cost of living is rising and has been continuous since 2021.

Gambling for a living uk