Danish Gambling Revenue Declines by 9.3% in 2020
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.
All other verticals reported year-on-year declines.
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