DANISH GAMBLING MARKET HIT BY SPORTS BETTING SLUMP IN OCTOBER
Denmark’s regulated gambling market contracted in October, with strong growth in land-based casino revenue failing to offset declines across all other segments.
Total gross gaming revenue (GGR) from betting, online gaming, gaming machines and retail casinos amounted to DKK525.0m (€70.6m) in October, a fall of 25.6 per cent versus October 2020.
The land-based casino segment grew GGR by 18.4 per cent in October to DKK38.0m, while GGR from gaming machines fell by 9.6 per cent year-on-year to DKK115.0m. Online casino GGR for the month was 0.2 per cent lower than a year ago at DKK241m, while sports betting GGR fell by 56.8 per cent to just DKK131.0m.
For the first ten months of the year, GGR across all reported segments amounted to DKK5.07bn (€681.7m), up from DKK4.97bn (€667.6m) a year ago, with betting contributing the largest share of the total at DKK1.95bn, an increase of 4.2 per cent year-on-year.
Online casino GGR grew 13.7 per cent in the ten-month period to DKK2.33bn, helping to offset a 28.1 per cent fall in gaming machines revenue to DKK610.0m and a 12.8 per cent fall in GGR from land-based casinos to DKK1173.0m.
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