Sports betting drives Denmark growth

Sports betting drove impressive growth in Denmark’s gambling market in the most recent quarter.

In an update from the Spillemyndigheden regulator, it was revealed that overall sports betting revenue was up 9% year-on-year to DKK 577m (€78m/$92m) in the three months to September 30. The rise in revenue came despite a drop in stakes of almost 5%.

Land-based wagering accounted for only 33% of betting revenue, more than desktop online revenue (16%), but much less than mobile channels (51%).

Mobile platforms accounted for 54% of all stakes in Denmark, with desktop at 22% and 24% with land-based bookmakers.

Overall revenue from both online and land-based sources came to DKK 1.497bn, up 9.3% from the same period last year and up 2.4% from Q2 2017.

Denmark’s regulated online casino (including poker) revenue was at DKK 456m, up nearly one-fifth year-on-year but almost identical to the Q2 figure.

Online poker revenue totalled just DKK 31.7m, down 6% year-on-year and a fourth straight quarter of decline.

Related article: Online gaming drives record Danish revenue in Q2