Denmark’s sports betting revenue grows despite pandemic halt

Denmark’s gambling market took a step back in the first quarter of 2020 as COVID-19 concerns took a bite out of land-based revenue.

Figures released Thursday by Denmark’s Spillemyndigheden regulatory body show market-wide gambling revenue of DKK1.53b (US$221.8m) in the three months ending March 31, down 5% from the same period last year and down a similar percentage from the final quarter of 2019.

Sports betting claimed Q1’s gaming vertical crown with DKK635m, up 2.6% year-on-year despite the pandemic-related halt of most major sports events in mid-March. Mobile remains the dominant betting channel with nearly 52% of all wagering, while land-based bets claimed a one-third share and desktop computers accounted for the remaining 15%.

Online casino revenue slipped 1% to DKK555m, reflecting the regulator’s recent announcement that Danish gamblers weren’t shifting their action to the online casino vertical following the elimination of their land-based options. Between March 9 to May 3, online casino revenue rose 2% year-on-year but this was a smaller growth rate than the vertical displayed through most of 2019.