Online Gaming Earns More Than Land-based Casinos in Denmark
Danish regulator Spillemyndigheden has released the annual report for 2017, which shows the gaming revenues for online gaming are higher than those of land-based casinos in Denmark.
Figures released show the online casino gross gaming revenue (GGR) was €242.5 million in 2017, which is €31.4 million more when compared to 2016, representing a rise of 15.6%.
Numbers Tell the Whole Story
When it comes to the seven land-based casinos, their GGR stood at €50.3 million in 2017, which is €670,000 or 1.3% less than in the previous year.
The report released by the Danish gambling authority stated that in the fourth quarter of 2017, 51.5% of GGR had been generated from online casinos. When compared to the corresponding period of last year, that’s an increase of 4.1%.
The online market includes GGR from online casinos, online betting, and online sales of lottery products, while land-based gambling refers to land-based casinos, gaming machines, land-based betting, and sales of lottery products in shops.
According to the annual report, the growth in GGR recorded in 2017 is primarily attributable to the increase in online sales.
Danes Love to Gamble
The report stated total GGR had reached €299.6 million in the final quarter of 2016, while Q4 2017 GGR was €28.7 million higher when compared to the corresponding period of 2016.
The report has also shown that gaming machines were the most popular type of game in online casinos, accounting for 61.5% of GGR. They were followed by roulette (11.3%), blackjack (10.4%), other games such as video poker (9.5%) and commission games (7.3%).
The 2017 report revealed the total GGR in Denmark was €1.23 billion, proving that Danes spent more on betting and online casino games than its European counterparts, but less on lotteries.
Statistics show that Danes spend an average of €5 on gambling for a period of seven days, while most of the players are male and under the age of 35.
GGR from lotteries stands at €38 million, with charity lotteries generating an additional €36 million.
Gaming machines recorded a revenue drop by 1.1%, gambling arcades brought another €15.4 million, while the restaurants serving alcohol took home the sum of €45.6 million.