Denmark’s gambling market reveals online gains, retail pain

Denmark’s regulated gambling market came close to a new revenue record in the third quarter of 2018 despite land-based gaming posting record low returns.

Figures released Wednesday by Denmark’s Spillemyndigheden regulatory agency show overall gaming revenue hitting DKK1.624b (US$247m) in the three months ending September 30, a significant improvement from the DKK1.48b in the same period last year but just under the DKK1.63b reported in Q2 2018.

The gains largely came courtesy of online casino revenue, which hit DKK544.7m in Q3, up 20% year-on-year and a new high-water mark since the market’s liberalization in 2012. Slots claimed a 63.1% share of the online casino market, followed by roulette (14%) and blackjack (11.7%).

The online casino segment includes ‘multi-player commission games’, which contributed DKK35.9m to Q3’s casino total. Since January, this category includes not only poker but also bingo, which accounted for DKK10.6m in Q3, down from DKK12.2m in Q2 and DKK15m in Q1. Poker revenue was DKK25.3m, a modest DKK300k improvement over Q2.