iGaming continues to thrive in Denmark

iGaming experienced a 9.7% year-on-year increase during Q3. Credits: Berlino Magazine

While the land-based sector continues to decline, the iGaming performance has improved in most of its verticals.

Denmark.- The Danish gambling regulator Spillemyndigheden has reported the financial results for the third quarter of the year ended September 30. The industry posted declines in the land-based sector but a good performance in the online segment, which experienced a 9.7% year-on-year increase in revenue to DKK1.6 billion in the third quarter.

Online wagering experienced a revenue increase of 13.5% to DKK653.1 million, driven by the FIFA World Cup, which ended in the first weeks of the third quarter. The online wagering vertical includes revenue from horse racing betting, which has been included in the sports betting results. Online casino also reported a 19.9% increase to DKK544.7 million, with slots totalling 63.1% of the total.

The regulator indicated that the three legal lottery products, Klasselotteriet, Varelotteriet, and Landbrugslotteriet, generated DKK3.1 billion in revenue in 2017. The vertical’s performance is only reported annually, therefore the 2017 numbers are the most recent figures available.

On the other hand, the gaming machine and land-based casino segments reported a 0.4% decline in gross gaming revenue (GGR). Gaming machine revenue decreased 6.5% to DKK344.6 million, while casino revenue fell 12% at DKK81.8 million.

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