- Report shows extent of growth for Danish online casino market
- Research by Danish regulator reveals local operators responsible
Denmark’s online casino market has reportedly showed further signs of its successful growth by setting a new revenue record in the second quarter of 2017.
New research from the Spillemyndigheden regulatory agency in Denmark showed that Danish-licensed operators generated a gross gaming revenue of DKK 1.462b (US $234.5m) in the three months ending June 30. This marks not only a quarterly revenue record for the entire nation but also a year-on-year improvement of almost four per cent.
Local operators leading the way
The success of the country’s gambling market has been largely attributed to locally licensed online operators, who reported combined second quarter revenue of DKK 458m which shows a year-on-year increase of almost 16 per cent.
The huge gains in overall revenue were despite significant losses being made in online poker revenue, which is down over DKK 4m year-on-year.
Land-based betting made up only 23.5 per cent of the quarter’s betting stake, although it did account for 53.9 per cent of individual wagering transactions.
What about land-based betting?
Denmark’s land-based gaming machine market in restaurants and gaming halls reported revenue of DKK 387m which is neither an increase nor decrease year-on-year.
Land-based casinos in Denmark didn’t show any signs of decline despite the nation’s continued online gambling expansion, with the seven land-based casinos generating DKK 95.4m in 2017’s second quarter.
There were also decent revenue returns for areas such as sports betting, which reported revenue of DKK 522m which also shows year-on-year similarities.
Single player online casino games were a huge factor behind the country’s overall revenue increase, with a year-on-year growth of 18.6% and slots alone counting for around two thirds of online casino revenue.
No signs of slowing down
Denmark’s casino market has been showing continuing signs of improvement since it went from being state owned to an open market structure in 2012, which also included more foreign investment.
Spillemyndigheden’s latest research is excellent news for those operating Denmark’s online casinos, with the market’s growth showing no signs of slowing.
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