Danish Online Gambling Market Grows 6.1 Percent In Q2

Danish Online Gambling Market Grows 6.1 Percent In Q2

The online gambling market in Denmark continues to expand. According to the latest figures released, the online gambling market has grown by 6.1 percent in the second quarter to June 30.

The Danish online gambling market generated 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.

There is an 18 percent increase in online casino revenue, from DKK 537m to DKK 634m. Of the total online casino revenue, 71.9 percent came from slots, 11.6 percent came from roulette and 8.6 percent from blackjack.

Despite an increase in revenue the sports betting revenue suffered. The loss is online sports betting revenue is attributed to the FIFA WorldCup in 2018 which provided a significant boost to the online sports betting sector last year.

While in 2018 for the second quarter to June 30 the online sports betting generated DKK648m in 2019 it grossed DKK635m only.

Earlier this year in May, Denmark recorded a 4.5 percent increase in year-on-year revenue for the first quarter of 2019. The sports betting sector had witnessed a significant increase as the revenue shot up by 10.3 percent year-on-year to DKK619m. However, it was a month-on-month drop of 6.8 percent.

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