Denmark’s Q3 Sports Betting Revenue Drops 3.8 Percent In October

Denmark’s Q3 Sports Betting Revenue Drops 3.8 Percent In October

While Denmark’s online gambling market suffered in October, its sports betting revenues declined 3.8% year-on-year to DKK628m. The country’s overall gambling industry reported a moderate decline of 1 percent for the three months to September 30.

Denmark’s gambling operators grossed a total revenue of DKK1.61b (US$237.8m) during the third quarter of 2019.

The year-on-year drop in sports betting revenue for Q3 has been attributed to the FIFA World Cup, which made a significant contribution to the sports betting revenue generated for the same period the previous year.

Mobile betting contributed 49.3% to the overall betting revenue, while land-based gambling facilities contributed 33 percent and desktop betting 17.6 percent.

Though online casino revenue jumped by 4% year-on-year to DKK567m, it represented a 10.5% decline from Q2’s total.

Several illegal foreign-based online gambling sites also cut into the state’s gambling revenue. Earlier in the year, the Danish Gambling Authority (Spillemyndigheden) in its move to curb illegal gaming sites operating in the country, asked the telecommunication and internet service providers (ISPs) to restrict access to twenty-five gaming sites that are running without having necessary permits.

Danish online gambling market reported moderate growth in Q2. It grew by 6.1 percent in the second quarter to June 30 generating a total revenue of DKK1.73bn (€232m), in the second quarter.

The revenue from mobile gambling displayed a significant increase and the online casino revenue leveled revenue from betting. The revenue increased from the previous year’s DKK1.63bn for the same period to DKK1.73bn.

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