The Manx e-Gaming Association (MeGA) Survey has been conducted since 2006. In each of these years every member has given full co-operation providing us with many years of consistent data for this important sector, which now contributes some 16.7% towards the Manx national income.
The survey comprises sensitive economic data supplied by our Members, information provided by those involved with MeGA surveys since 2006, supplemented by intelligence from our contacts within the industry and additional research that considers new entrants and introducers of e-gaming business to the Island. Even more important, the detailed analysis of findings and the comments and suggestions made provide a valuable insight into how Government’s economic strategy can best be tailored to encourage further growth in this and other industries that are compatible with the Island.
Each year since its inception in 2006, MeGA (Manx eGaming Association) has conducted a survey of its members and others involved in the e-gaming sector in order to assess the development and needs of the sector on the Isle of Man. This, the 10th annual MeGA Report, has been conducted against a backdrop of increased regulatory requirements, a harsher tax environment, challenges to the privacy of beneficial owners and increased anti-money laundering scrutiny and compliance. Despite this, Government has reported that the e-business sector in the Isle of Man, including e-gaming, is going from strength to strength. The latest statistics available (Isle of Man National Income Accounts 2013/14, produced September 2015) show an increase in the growth of e-gaming of 30% in a year. They show the sector representing nearly 17% of the Island’s economy (compared with 9% in 2009/10) replacing insurance as the largest economic sector on the Isle of Man.
Overall the outlook within the Island’s e-gaming sector itself appears to be positive with many respondents reporting a busy and successful 2015. Revenues are increasing in spite of the global challenges facing the industry. Many participants reported higher than predicted growth in both profitability and staff numbers; most anticipate continued growth for their own businesses in 2016, whilst some anticipate a slight leveling off.
Gambling Duty receipts increased to £4.6 million, (a 10% year on year growth) which is indicative of the continued strength of the sector and supports the general feeling that the Island continues to be a credible e-gaming jurisdiction, particularly for non-European markets.
The 2015 MeGA Report noted that the sector employed some 900 people and that the average salary was over £50,000. In most instances staff numbers continued to increase during the year. The exact number of people working in the industry is difficult to determine owing to the wide range of jobs and cross-overs with other sectors. However, it is clear that the numbers employed in the sector have continued to grow, along with the consequent contribution to GDP, and it is estimated to currently employ around 1,000 people locally. Continued increases in staffing are anticipated in 2016.
View or download the full Report - 2016 MeGA Survey
2015 MeGA Survey Report
2014 MeGA Survey Report
2013 MeGA Survey Report
2012 MeGA Survey Report
2011 MeGA Survey Report The 2011 MeGA Report was incorporated into the release issued by Isle of Man Government in conjunction with their eBusiness Survey, which was carried out simultaneously.
2010 MeGA Survey Report