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2020 Q3 Isn’t Profitable Period for Danish Gambling Market

21 November 2020, 11:09
Votes: 1

According to the recent report provided by the Danish Gambling Authority, the market experiences a drop in revenue.

2020 Q3 Isn’t Profitable Period for Danish Gambling Market

The third quarter of this year wasn’t very successful for the industry because the crisis caused by the pandemic cut down on the amount of money players spent on gambling entertainment.

Report’s figures show a decline in many sectors

It isn’t surprising that the betting sector was damaged by COVID-19 and the lockdown most of all. It led to a considerable decrease in the revenue generated in 2020 Q3. The 11.2% drop (in comparison to the previous year) indicates that the vertical has its hard times. The news about the casino sector isn’t very promising as well. The downward trend is supported by a 0.8% decline. Gaming machines’ GGR also fell down by 1.9%. The statistics summed up that the gambling industry’s GGR in Denmark decreased by 4.9 percent to 1 534 million DDK.

Unexpectedly, the land-based casino sector could cope with a crisis and showed almost a six-percent rise in comparison to this period in 2019. The reopening of brick-and-mortar gambling venues resulted in heightened interest in their services. If to consider the most popular products, the report shows that gaming machines lead the list with 74% of GGR.

Read more: NGR and GGR in gambling: what is the difference?

Read more: Variety of licenses for gambling in Europe

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