Denmark's online gambling regulatory agency Spillemyndigheden has just posted the latest financial results, revealing the country's regulated gambling market ended the first three months of this year with a combination of ups and downs.
According to available numbers, the online vertical recorded significant improvements, while the beginning of 2019 saw a decline in land-based gambling.
Online Going up…
The numbers say licensed operators doing business in Denmark generated €210 million in revenue during the three-month period ending on March 31, which represents a 4.5% increase when compared to the corresponding period of 2018.
Sports betting continues to be the market's dominant vertical – accounting for 39% of the total sum or €82.9 million. That's 10.4% more than this vertical performed last year, but it's also the lowest total generated in four quarters.
Mobile apps are the country's favourite betting medium, with 53.3% share of the overall betting revenue. On the other hand, desktop betting may have ended the period with a share of 27.3%, but that's an increase of more than 5% from Q1 2018. In total, the land-based channel had a wagering revenue share of 21.9%.
… Land-Based Not
Online casino revenue improved by 6.6% from Q1 2018 to €74.5 million, although this is not such a good result since this digital ended all four quarters of 2018 with double-digit growth. The figure in the opening quarter of the year was only €130,000 higher than the one market generated in the last quarter of 2018.
Online slots accounted for 62.3% of the online casino earnings, with roulette and blackjack far behind with 14.6% and 12% respectively. A desktop is still the preferred medium for online casino players, with a 56.8% share of the overall revenue.
Gaming machines in arcades and restaurants generated €46.3 million in revenue – drop of 3.6%, which is the vertical's worst-ever result. All seven brick and mortar casinos doing business in Denmark saw their revenue fall by 10.8% to €11.1 million.
Spillemyndigheden also announced the nation's self-exclusion registry had a total of 18,100 names at the end the March, with nearly 70% opting for a permanent exclusion. Men make up more than three-quarters of registrants.
