Online gaming market grows in Denmark

Denmark.- The online gaming industry keeps growing at an international level and Denmark is part of this trend. In the second quarter of the year, Denmark improved its online market by 6.1% year-on-year to €232 million.

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%.

While many expected the sports betting revenue to decrease drastically from the second quarter of 2018 as it featured the men’s FIFA World Cup, the period in 2019, which featured the women’s FIFA World Cup, generated €85.1, just €1.6 million less than the previous year.

Moreover, slot revenue increased from €47.4 million to €48.6 million in 2Q19. Land-based casino revenue also rose 6.5% year-on-year to €13.1 million.

First-quarter results

In the first quarter, Denmark’s online gaming posted revenue of €214 million, Danish regulator Spillemyndigheden reported. It is a 4.5% improvement from the same period in 2018.

Sports betting reached a 10.3% growth at €82.8 million. Mobile gaming accounted for 51.3% of that revenue, down marginally from Q4 2018.

During the first quarter, online casino revenue grew by 6.5% to €54.4 million. It was 0.2% higher than the fourth quarter of 2018 and came through computers at 56.2%.

Source:https://focusgn.com/online-gaming-denmark