Two-thirds of Danish sports betting revenue comes from online gambling sites

Nearly two-thirds of sports betting revenue earned by Denmark-licensed gambling operators came from online wagers, according to a new report.

On Wednesday, Danish gaming regulator Spillemyndigheden released figures on the country’s regulated gambling market for the first three months of 2016. The Q1 report marks the first time the regulator has offered any insight into how sports betting activity is divided between online and land-based operations.

The overall betting and online casino market reported revenue of DKK 975m (US $146m), up 30% from the same period last year and the fifth consecutive quarter of year-on-year growth.

Sports betting remains the dominant gambling vertical with revenue of DKK 585m, of which online wagering accounted for DKK 370m, or 63.5%. Overall betting revenue was up 33% from last year but only 4% higher than Q4 2015’s total. The latter figure indicates that 2015’s torrid growth pace is slowing, although the numbers will get a boost this summer thanks to Euro 2016.