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Danish Gambling Revenue Declines by 9.3% in 2020

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Denmark’s regulated gambling revenue fell 9.3% below prior year levels in 2020, though the fourth quarter included record returns from sports betting, according to the latest figures from Spillemyndigheden.

Revenue for the year declined to DKK5.96bn (£704.2m/€801.8m/$971.8m), with land-based gaming affected by nationwide lockdowns from March to June, then again from November 2020 due to the novel coronavirus (Covid-19) pandemic. 

Sports betting, meanwhile, also had to deal with an almost complete global shut-down of all sporting events from March. 

As the only vertical unaffected by lockdown measures or sporting cancellations, online casino posted year-on-year growth in revenue. 

However, the 5.0% year-on-year rise in revenue to DKK2.45bn was the lowest increase for online casino since the Danish igaming market opened for business in 2012. 

In terms of products, online slots contributed DKK1.82bn, or 74.4% of the vertical’s total. Roulette followed in a distant second on DKK231.9m (9.5%), with blackjack in third on DKK166.6m (6.8%).

All other verticals reported year-on-year declines.

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