Denmark’s online casinos drive Q1 gambling market growth

Denmark’s regulated gambling market revenue grew nearly 9% in the first quarter of 2018, largely on the strength of its online casino licensees.

Figures released Thursday by the Spillemyndigheden regulatory agency showed Danish-licensed operators generated gross gaming revenue of DKK1.52b (US$236.3m) in the first three months of 2018, up 8.9% from the same period last year but down 7% from Q417.

The dominant sports betting vertical reported revenue rising 7% year-on-year to DKK555.4m, although this figure was 22% lower than Q4, which featured a lower than usual payout ratio.

Wagering on mobile devices claimed the largest slice (49.9%) of betting revenue, followed by land-based (35.3%) and desktop (14.9%) channels. Land-based wagering accounted for nearly 52% of all individual bets but just 24% of betting turnover, while mobile accounted for just 27.2% of bets but 54% of turnover. Desktop wagering’s share of bets and turnover was roughly equal at 22%.