Denmark’s regulated gambling market saw its revenue cut by one-third during the second quarter of 2020, despite online casino revenue posting a modest year-on-year improvement.
Figures released Monday by Denmark’s Spillemyndigheden regulatory body show state-licensed gambling revenue hitting DKK1.16b (US$183.9m) in the three months ending June 30, down 32.8% from the same period last year and 24% below Q1 2020’s results.
Nearly all verticals were impacted by COVID-19, with land-based casino revenue tumbling 83% year-on-year to just DKK16m following the March 13 closure of all non-essential retail operations. Land-based slots halls suffered an only slightly less injurious decline, sliding nearly 73% to DKK99m.
Sports betting revenue was off 41.2% to DKK373m following the suspension of major sports activity. Online casino revenue bucked the downward trend, rising 4.5% to DKK673m. The slots figure was 21.2% higher than Q1 2020, poking holes in Spillemyndigheden’s May report that there’d been no surge in Danish gamblers’ online casino play.