SBC News Voice of the Sports Betting Industry
Denmark’s sports betting market has continued to face challenges, as the Danish Gambling Authority (DGA) reveals a decline in year-on-year revenues for April 2022.
Issuing an update, the DGA – the Spillemyndigheden – informed industry stakeholders that takings on sports wagering had fallen by 16.6% from DKK 266m (£30.8m) in April 2021 to DKK 222m (£25.7m).
However, this did represent a substantial improvement on March’s turnover, which stood at DKK 155m (£18m) – a 3.3% decline from the previous year’s figure of DKK 161m (£18.7m).
As a result, Danish sports betting revenue rose by a substantial 30.1% from March to April of this year, suggesting a continued bounceback for the vertical.
In a previous update in April, the DGA announced that sports betting earnings during Q1 2022 had declined by 3.7% to DKK 567 million (£64.1m) from DKK 589 million (£66.6m).
Much more success was recorded across land-based casino and gaming machine operations during the first three months of the year, with the two verticals driving Q1 GGR to DKK 1.575 billion (£178.15m).
This trend has continued into the third quarter of the year, with GGR from gaming machines rising by 1,151.7% from DKK 7m (£800,000) in April 2021 to DKK 110m (£12.7m) this year.
Meanwhile, land-based casino revenues stood at DKK 35m in April – however, the DGA acknowledged that a percentage increase could not be given due to the closure of venues during the same period the previous year.
Lastly, online casinos also experienced a slightly more challenging month than their land-based counterpart, as GGR for this sector declined by 5.4% from 12 months previously.
Total online casino revenue stood at DKK 242m (£109.6m), whilst April 2021 earnings were DKK 256m (£29.7m).
