Gambling revenue falls in Denmark
The gambling market in Denmark posted a 1% decline in the third quarter when compared to the same three-month period in 2018.
Denmark.- Gambling activity in Denmark during the third quarter of the year wasn’t as good as expected. The market posted an overall 1% decline in that three-month period, despite an increase in online casino revenue.
Gambling in the three-months to September 30 account for €215 million, which is approximately €3 million less when compared to the €218 million in 2018. Online casino experienced good results in the quarter, but they weren’t enough to offset sports betting and land-based casino’s performances.
Online casino registered a 4% increase in revenues to €75.8 million, but the figure is also a 10.6% decline when compared to the previous quarter. Around 73% of that revenue comes from online slots, which generated €55.7 million.
As good as the online casino performance was, it didn’t manage to offset land-based casinos’ poor quarter. The vertical generated €10.9 million, which is virtually flat from 2018.
Sports betting was once again the top scorer in the market and accounted for 39% to €84 million. However, the figure represents a 3.8% year-on-year decline. Mobile was the most popular channel as it totalled 50.2% of all revenue during the quarter.
Second quarter
Denmark improved its online market by 6.1% year-on-year to €232 million during the second quarter of 2019.
The gambling regulator from Denmark said that in the three-month period ended June 30, total revenue rose to €232 million. This growth was led by an increase in online casino revenue, which totalled €85 million. Slots capitalised that segment with 71.9% of the share, while roulette took 11.6% and blackjack 8.6%.
Mobile revenue generated €50.2% of the total revenue in Denmark in the three-month period while land-based accounted for 33.4% and desktop 16.3%.
