Danish gaming regulator releases Q1 report

Danish gaming regulator releases Q1 report

Spillemyndigheden, the Danish gaming regulator released figures on the country’s regulated gambling market for the first three months of 2016.

Denmark.- Danish gaming regulator Spillemyndigheden revealed  figures on the Denmark’s regulated gambling market for the first three months of this year. The European country’s overall betting and online casino market reported revenue of DKK 975 million (US$146 million), a spike of more than 30 percent compared to the same period in 2015. This marks the fifth consecutive quarter of year-on-year growth.

Sports betting totalled DKK 585 million (US$ 87.7 million), of which online betting accounted for a staggering DKK 370 million (US$ 55.47 million) or 63.5 percent. Overall betting revenue was up 33 percent from last year but only 4 percent higher than Q4 2015’s total.

Online casino revenue improved 30 percent reaching DKK 345 million (US$51.72 million), marking the sixth consecutive quarter of growth. Around 68 percent of online casino revenue came from slots play.

In terms of land-based operations, revenue from the 25,500 machines in gaming halls and restaurants nudged up a little less than 3 percent to DKK 380 million (US$ 56.97 million). Denmark’s seven brick-and-mortar casinos reported revenue of DKK 95 million (US$14.24 million), over 25 percent year-on-year.

According to Spillemyndigheden’s projections, Denmark’s overall gambling market revenue will reach DKK 9 billion (US$1.35 billion) in 2016, representing an 8 percent year-on-year improvement and a 20 percent gain since 2012, the year Denmark’s regulated online market was launched.