Denmark market reports record revenue

The regulated gambling market in Denmark reached a 9.3 percent revenue rise during the third quarter and achieved record figures.

The regulated gambling market reported record revenue from both online and land-based companies in Denmark and reached US$237 million during the third quarter. Said figure was up 9.3 percent from the same period last year and 2.4 percent from the second quarter and was driven by overall sports betting revenue’s US$91.5 million.

Sports betting was up 9 percent year-on-year and recorded 50.5 percent of its wagers through mobile channels. The rest was divided in land-based wagering (33.4 percent) and desktop online revenue (16.1 percent).

Local regulated online casino revenue posted US$72.35 million and was up 20 percent year on year but was weaker than second quarter’s US$72.67 million. Slots drove the numbers with two thirds of the total figure, while roulette reported 15 percent and blackjack 12 percent.

Online poker revenue was down 6.4 percent to US$5 million and dropped by the fourth straight quarter. Meanwhile, land-based casinos kept their revenue steady at US$15.07 million, just like last year.