Online Casinos Responsible for Q1 Growth in Danish Market

Posted by: CasinosOnline in Casino News
Danish online casinos see strong results

Online casinos the main driver behind the gaming market rise in Denmark.

Denmark’s gambling regulatory agency, Spillemyndigheden, has revealed the results for the first quarter of 2018.

According to the country’s gambling watchdog, the regulated gambling market in the country recorded a rise of 9%, mainly due to the growth of online casinos and betting sector.

Numbers Going up

The data showed the gross gaming revenue was $236.3 million in the first quarter of 2018, which is 8.9% more when compared to the same period of last year.

On the other hand, the revenue has dropped by 7% when compared to the same quarter in 2017.

The sports betting sector revenue has recorded a year-on-year increase of 7%, reaching a sum of $86.8 million. This amount is 22% lower when compared to Q4, due to a lower payout ratio.

When it comes to wagering on mobile devices, it accounted for 49.9% of the total revenue, while land-based casinos claimed 35.3%, and desktop channels 14.9%.

Land-based wagering claimed nearly 52% of all bets and 24% of total betting turnover. Mobile wagering accounted for 27% of bets, but 54% of turnover.

Excellent Results for Online Casinos

The online casinos generated revenue of $81.3 million, which represents a rise of 25.5% when compared to the results of the previous year.

Spillemyndigheden included bingo in the online calculations for the first quarter, and this decision got the necessary approval on January 1.

Online bingo generated $2.3 million in Q1, which account for only 2.9% of the total revenue for this period. On the other hand, online bingo showed a steady growth in the first quarter, and the stakes rose from $812,000 in January to $1.3 million in March.

Slots remain the most dominant sector with 66.5%, followed by roulette and blackjack with 13.1% and 10.8% respectively.

Online poker reported revenue of merely $4.4 million in Q1, a significant drop from $5.5 million in 2017.

The gaming machines in restaurants and arcades have also recorded a drop in revenue by 3.6%.

ROFUS, the self-exclusion gambling program, has added 2,000 new gamblers to its registry since the beginning of the year.

Since this option became available to punters in Denmark, 10,122 of them made a decision to permanently exclude themselves from the gambling operations in the country.