- Land based properties in Denmark lose 10 per cent revenue
- Online revenue soars – mobile platforms lead the way
- Sports betting verticals post 10 per cent increase
Denmark continues to be the safest gambling market in Europe. While upholding the best practices in the industry, Denmark has also been able to drive revenue for the iGaming sector while land-based properties have seen a dip in their revenue.
Online Gambling Revenue in Denmark Climbs Up
Denmark’s iGaming sector has posted good results in Q1, 2019. The market successfully consolidated its online presence, but this came at a cost for brick-and-mortar operators which are now struggling to catch up.
The results for the quarter ending on March 31 have revealed a shift towards online gambling. Danish operators have managed to hit over DKK1.6 billion ($910 million) in the three months since the beginning of the years, which is a 4.5-per-cent improvement year-over-year.
Once again, online operators focused exclusively on sports betting which continued to lead the way, generating 619 million in the first quarter online.
This accounted for almost 40 per cent of the total amount that online gambling generated in Q1. Sports betting also marked the highest year-over-year improvement, accounting for 10.4-per-cent improvement compared to Q1, 2018.
Denmark Shifts Towards Mobile Betting
Mobile platforms have certainly seen a spike in the total use for the purposes of gambling, as betting apps accounted for 53.3 per cent of the total wagers placed in Q1, 2019. Desktop betting remained strong as well, with the total accounting for 27.3 per cent. People who opted to place a wager in person accounted for 21.9 per cent of the total, a still decent turn-up.
Casinos also did well, at least the properties operating online that is. Online casinos managed to amass DKK556 million in the period. Q1 brought nearly a million more in terms of revenue. Once again, online slots remained the most lucrative segment, which has accounted for over 60 per cent of the total revenue.
The improved results come at a time when Denmark has successfully continued to enrol problem gamblers in its national self-exclusion scheme. Denmark is the only country in the European Union which enforces consumer protection practices in full.
Sweden, a new entrant in online gambling as of January 1, 2019, has already had to issue fines to prominent gaming operators and threaten with suspension of license – Betway has been among the affected parties. William Hill, another UK-based betting agency has also acquired assets in Sweden.
Sweden and Denmark remain the most challenging markets in the world of iGaming where rules need to be followed to the T lest regulators decide to issue hefty payments. The fact that revenue continues to grow while regulations tighten is a positive sign for the future of sports betting and iGaming. Meanwhile, Denmark remains one of the safest places to gamble and place sports wagers.
The biggest takeaway of the quarter was that revenue at land-based properties, restaurants and other designated areas fell by 3.6 per cent over the period while the seven land-based casinos in Denmark posted 10-per-cent worse performance over the quarter year-over-year.