The annual figure surpassed the £1.74m returned in 2021 and more or less matched the 2019 contribution.
With the agreement of the States of Guernsey, most of the States of Alderney’s capital programme is currently met from profits generated by the island’s gambling industry.
Pictured: Alderney is at the heart of the e-gambling community.
Lord Faulkner, Chairman of the Commission, said the e-gambling industry was “well placed for renewed growth” in Alderney.
“The Commission continues to make a valuable contribution to both the island of Alderney and the wider Bailiwick. It is noteworthy that a number of the world’s major operators have been attracted to the Bailiwick,” he said.
“This brings many benefits to the Bailiwick and continues to place Alderney at the heart of the global e-gambling community.”
Lord Faulkner recently met Alderney’s Policy & Finance Committee in person for the first time in three years, after the covid-19 pandemic interrupted the normal reporting process.
He was accompanied by fellow commissioners Dr Isabel Picornell and Jeremy Thompson, together with Executive Director Jorn Starck and staff colleagues Nicky Burland, Sarah Kelly and Gemma Fletcher.
Mr Starck said: “We are very pleased with the support for e-gambling in Alderney and in the wider Bailiwick. We are confident that, despite challenging market conditions globally, the Alderney success story will continue as before.”
Pictured: Gambling laws in Alderney have recently been updated.
The Deputy Chairman of the Policy & Finance Committee, Ian Carter, said the island’s financial resilience was thanks to the Commission and the e-gambling activities it oversees.
“The Commission have proved themselves to be a world leader in the global gambling arena,” said Mr Carter.
“There are obviously challenges ahead in the shape of possible changes to the tax regime in the Bailiwick and the impact of proposed goods and services taxes currently on the table.
“However, the Commission is well placed for renewed growth in future years and has posted improved results following the slight decline in 2020.”
Pictured: Sports betting is a prominent part of the e-gambling industry.
The States of Alderney said: “The provision of e-gambling platforms and services from an Alderney base complements domestic licensing regimes in a number of jurisdictions.
“This brings many benefits to the Bailiwick and continues to place Alderney at the heart of the global e-gambling community.
“The Commission works closely with Guernsey’s Financial Intelligence Unit and the Financial Services Commission to maintain robust e-gambling supervision to mitigate the risks of money laundering or terrorist financing and maintain the highest ethical standards.
“Meanwhile, the States of Alderney have recently approved changes to gambling laws, increasing the penalties for criminal offences and regulatory breaches.”