Denmark reports record online casino revenue of €35.4m in December with land-based gambling venues in lockdown

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GGR in Denmark increased by 3.5% year-on-year in 2021 as revenue across all verticals totalled DKK6.21bn (€825.4m), according to new figures released by the Danish Gambling Authority (Spillemyndigheden).

Online casino was the country’s biggest-earning vertical during the year, generating DKK2.82bn in GGR, up 13.3% compared to 2020.

Betting was the next largest contributor, bringing in DKK2.42bn, up 5.1%, while the country’s gaming machines — Denmark’s third largest vertical by revenue — saw GGR fall 22.4% to DKK765m.

The land-based casino sector also suffered during the period, with GGR for the vertical falling 7.2% to DKK219m.

Results in Denmark’s land-based and retail sectors continued to be negatively affected by closures enforced throughout 2021 in response to the Covid-19 pandemic.

The most recent period of closure, which began in December 2021, ended yesterday (1 February), as the Danish government removed all Covid-related restrictions for hospitality and entertainment businesses.

The impact of the closures can be seen in December’s monthly results, which showed that gaming machine revenue was down 49.0% compared to November, at DKK52m.

Land-based casinos, meanwhile, brought in just DKK14m in December, 56.3% behind November’s total.

Year-on-year, both land-based verticals performed marginally better than in December 2020, during which time Denmark also implemented forced closures. 

GGR in the betting vertical was also down in December on a month-over-month basis. At DKK209m, revenue came in 17.1% lower than in November 2021.

December was however a bumper month for the online casino vertical. The sector generated an all-time record of DKK263m in revenue, 20.6% ahead of November’s GGR.

Online casino appears to be on a steady growth path in Denmark, with December 2021 revenue also representing an annual increase of 11.9%.

Betting, meanwhile, seems to be waning somewhat in the country, with December’s revenue not only coming in behind November, but also 18.4% lower than last year.

About the author

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Conor Mulheir

Conor entered the gaming industry in 2018 producing high-level live event content for audiences in London, Amsterdam and São Paulo. From 2020, he went on to report news and commission exclusive content for various gaming media brands before joining iGaming NEXT as editor in January 2022.

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