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Sports betting boosts Denmark’s economic growth

Published

7 years ago

October 8, 2018

Niji Narayan

Sports betting boosts Denmark’s economic growth

Photo Source: bettinggods.com

Reading Time: < 1 minute

The betting industry in Denmark grew by 11.5 per cent during the second quarter, thanks mainly to the FIFA Football World Cup in Russia.

Denmark’s gambling regulator Spillemyndigheden reports that both sports betting and the opening-up of betting on horse racing to all licensed operators were the main drivers of the period’s €218.5 million GGR. Sports betting posted nearly €87 million during the three months to June 30 and grew 24.1 per cent year-on-year, thanks to a 6.2 per cent stakes increase thanks to the FIFA World Cup.

The report showed that 48.7 per cent of the total revenue came through mobile platforms, while land-based bookmakers were second at 33.6 per cent and desktop sites posted the other 17.6 per cent.

Furthermore, online casino saw GGR increase by 17.4 per cent from last year’s second quarter to €72 million. Slots accounted for 61.6 per cent of total casino revenue in the period.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.