Danish Gambling Revenues Begin to Recover

Denmark saw a big increase in its licensed online gambling revenue in May. It amounted to DKK513 million (€69 million), which was an increase of 29.9% year on year. However, it was down from April as land-based gambling establishments reopened across the country.

Revenue from sports betting was down 24.8% month on month, but up 83.5% from May 2020, when most sports events across the world were cancelled due to the coronavirus pandemic. Online casino revenue was up 2.7% year on year but down 3.5% from April.

In contrast, revenues from land-based slots were hugely up both month on month and year on year, with slot halls around the country able to open for the first time, bringing in revenue of DKK55 million. This was more than four times the amount brought in in April 2021 and May 2020, when only a few restaurants with slot machines were open. However, it is still 57.4% less than the slot revenue in May 2019.

Furthermore, land-based casino revenue was above zero for the first time this year at DKK11 million, after the country’s casinos were allowed to reopen on 21 May. They were initially set to open on 5 April, but this was pushed back in order to allow more people to be vaccinated. May 2020’s casino revenue was also zero, and unsurprisingly, May 2021’s revenue was down 67.5% from May 2019.

Figures recently released by the Danish regulator Spillemyndigheden in its Gaming Market in Figures 2020 report showed that channelization in the jurisdiction reached a record 90% last year. This was up just 2% from 2019, but it is significantly higher than the 69% in 2012 when the market was first liberalized.

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