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Denmark’s Q1 Online Gaming Revenue Up 4.5 percent

Denmark’s Q1 Online Gaming Revenue Up 4.5 percent
Denmark’s Q1 Online Gaming Revenue Up 4.5 percent

Denmark has recorded a 4.5 percent increase in year-on-year revenue for the first quarter of 2019. The Danish market has witnessed increased revenue from the online casino and sports betting operations; though the land-based gambling revenues have taken a hit.

Revenues for the first three months, was DKK1.6bn (€214m/$239m). This figure is exclusive of the country’s revenues from lottery products and services. The figures include revenues from land-based and online casino, sports betting and gaming machines.

Sports betting sector 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.

Revenue from online casinos grew by 6.5% year-on-year to DKK556m for the first quarter. The revenue trends also suggest that desktop gaming remains more popular amongst danish player as compared with mobile gaming. While 56.2% of the revenue came via computers, 43.8% came from gambling and sports betting on mobile devices.

Revenue from land-based gaming machines slipped by 3.6% year-on-year to DKK346m. Most of the revenue came from gaming halls, which contributed 77.4% of the total — remaining 22.6% coming from machines installed in restaurants.

The land-based casino revenue fell 10.8 percent year-on-year to DKK83m in Q1.

Earlier in April, the Danish Gambling Authority (Spillemyndigheden) had posted that 5.7% year-on-year increase in the gross gaming revenue to DKK 9.74bn ($1.46 billion) for the FY ending December 2018.

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Cameri Ross

Cameri Ross

Cameri is an independent and self employed person, she has expertise in digital marketing and content creation for websites and blogs. Her passion is dancing and singing, especially classical singing.

She can be reached out at: cameriross@casino.buzz

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