Danish gambling revenue down 5 year-on-year for Q3

The gambling market in Denmark saw its revenue fall by 5% year-on-year for Q3, with the majority of verticals in the country reporting a decrease.

According to figures from the Danish Gambling Authority (Spillemyndigheden), gross gaming revenue (GGY) for the market fell to DKK 1.53bn ($243.5m), mainly due to falls in sports betting and online casino.

Sports betting, which was impacted due to severe disruption in the sporting calendar caused by the COVID-19 pandemic, saw it’s GGR for the quarter drop 11% from last year, down to DKK 558m.

Online casino GGR saw a 2% decrease down to DKK 555m, while gaming machines revenue declined slightly by 1% to DKK 334m. Land-based casinos saw a rise in revenue, up 6% from last year to DKK 87m, and a significant rise from DKK 16m in Q2.

In terms of quarter-on-quarter, online casino revenue fell 18% from Q2, while sports betting GGR rose 50% compared to the last quarter, as worldwide sport returned. Overall market revenue was up 32% from Q2.

The Spillemyndigheden said: “Betting was significantly affected by the coronavirus in Q2 2020 because many sports events were cancelled or postponed. However, in Q3 2020 the market has increased again.

“The reason why the most recent quarter still represents the second lowest GGR since Q2 2017 may be that the autumn football season has started later than previously due to the coronavirus crisis.”

Source

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