Danish Gambling Market Reveals Q1 2019 Results
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.