Denmark’s online casino market hits new revenue record

Denmark’s gambling market set new revenue records in the second quarter of 2017 as locally licensed online casino operators soared to new heights.

Figures released this week by the Spillemyndigheden regulatory agency show Danish-licensed operators generated gross gaming revenue of DKK 1.462b (US $234.5m) in the three months ending June 30, a year-on-year improvement of nearly 4% and a new record high since the market liberalized in 2012.

The gains were driven by an equally record-setting performance by Danish-licensed online casino (including online poker) operators, who reported combined Q2 revenue of DKK 458m, nearly 16% higher than the same period last year and 10.3% higher than Q1 2017.

The casino gains came despite online poker reporting revenue of DKK 33m in Q2, down from DKK 37.1m in the same period last year and from DKK 34.9m in Q1. Denmark’s regulated online poker market peaked in Q1 2014, when Danish-licensed operators generated nearly DKK 47m.