Danish online casino revenue soars 25%

Denmark’s online casino market continued its positive momentum by recording a 25% year-on-year increase in gross gaming revenue (GGR) during Q2 2015, according to figures released by the country’s regulator Spillemyndigheden.

Online casino revenues for the three-month period grew to DKK335m (£50m), up from DKK270 (£40m) compared to the same period last year, while sports betting also recorded modest growth.

The country’s online gambling regulator does not break down the sports betting vertical between online and land-based revenues, but figures for vertical in total show revenues increased 6% year-on-year to DKK470m (£69m).

However, Morten Ronde, CEO of the Danish Online Gambling Association (DOGA), told eGaming Review this morning he estimated the majority of sports betting growth came from online.

“If we assume land based betting is flat, which is optimistic, the online growth is much higher than the reported 6%,” Ronde said. “There is still good online growth on both casino and sports. We see this as a result of healthy competition on the regulated market.”

GGR for games with commission, which includes online poker, stagnated year-on-year during Q2 with revenues remaining at DKK40m (£3.8m).

The total Danish gambling market, including online and offline, increased from DKK715m (£106m) to DKK805m (£119m) in Q2 2015.

Last month Ladbrokes announced it had withdrawn from the regulated Danish market because of “unsatisfactory” levels of profit.

The news prompted DOGA to call on the regulator to act to level the playing field including splitting up Danske Spil and fighting back against the black market.