DCMS: COVID cost UK Gambling £1bn in economic output

by SBC News
3 minutes read
DCMS has revised its economic estimates, measuring the economic contribution and productivity of the UK Gambling sector.

Economic estimates and datasets have been updated for DCMS’s key sectors for the reporting period of 2011 to 2021, tracking a decade of business activity.

DCMS is responsible for reporting on the economic contribution and productivity of the following sectors: Civil Society, Creative Industries, Cultural sector, Digital sector, Gambling, Sport, Telecoms, and Tourism.

The economic contribution of industries under DCMS guidance is reported using key measures such as Gross Value Added (GVA) output, employment, earnings, and productivity.

Audiences are cautioned about technical limitations in gathering and interpreting data on DCMS sectors, as individual sectors such as Civil Society and Tourism maintain separate measures to gauge their economic output.

The Gross Value Added (GVA) for all DCMS sectors (excluding Civil Society and Tourism) in 2020 was estimated at £1..

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