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Danish Online Casino Market Posts Record Revenues in Q2 2017
- September 28, 2017 By Riley Wilson -
Danish gambling authority Spillemyndigheden has released the quarterly data for the period from April 1 to June 30, which show the country’s operators have a lot of reasons to be satisfied with 2017 so far.
According to the available information, the Danish operators recorded a record-breaking gross gaming revenue of $234.5 million – an increase of around 4% when compared to the same period of last year.
Result Driven by Locally Licensed Operators
The best quarter results since the liberalization of the gambling market back in 2012 were achieved mainly due to excellent results by the Danish-licensed online casino operators. Their combined revenue of $73.3 million is 10.3% higher than in the first quarter of 2017, and nearly 16% higher than the in second quarter of 2016.
After recording $5.5 million in Q1, online poker vertical continued its decline by earning $5.2 million in Q2. That’s a year-on-year drop of 11%, and almost 30% less money than in the first quarter of 2014, when online poker market reached its peak.
However, online casino single player games can be satisfied with its results, since they end Q2 with year-on-year and sequential growth of 18.6% and 11.7%, respectively, while almost doubling online slots and table game revenue since Q1 2014. Slots brought home more than two thirds of the money, while blackjack, with 8.4% and roulette (8.3%) were far behind.
Other Verticals Also Going Up
Sports betting generated revenue of $82.4 million, while only 23.5% of the quarter bets were made through land-based betting. Although mobile and desktop lead the way with 53.1% and 23.5%, respectively, land-based channel account for more than half of all individual wagering transactions.
The land-based gaming machines in restaurants and gaming halls grossed a little over $61.1 million, 4,5% more than in the first three months of the year, while staying essentially flat when compared to Q2 2016. All seven brick and mortar casinos currently operating in Denmark recorded a combine revenue of $15.1
Spillemyndigheden announced the national voluntary self-exclusion registry ROFUS, launched in October 2016, has 11,367 registrants, while 7,777 of them opted for permanent exclusion.