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Online Sector Couldn’t Save Danish Gambling from Cut Revenue

1 May 2021, 10:59
Votes: 1

According to the recent data and the news about the casino industry in Denmark, the revenue generated during the 1st quarter of 2021 is far from the desired level.

Online Sector Couldn’t Save Danish Gambling from Cut Revenue

Although the online casino vertical attracted more customers who weren’t able to use the services of land-based gambling providers, it didn’t help to regain the market’s previous income volumes. 

Pandemic became the reason again

Gambling industries of the majority of countries where they are officially allowed have experienced a considerable decline in revenue. Denmark isn’t the exception with its decrease to 175 million euros during the first three months of 2021. After the shutdown of gambling halls in December 2020, no revenue was generated in this sector. Brick-and-mortar casinos got permission to have visitors only in April instead of scheduled February.

The digital sector has shown more positive results with an increase in revenue in Q1 by more than twenty-eight percent (to DKK 717 million) in comparison to 2020. This amount is a new record high for the market. However, even this achievement couldn’t cover the land-based vertical’s financial losses, according to the Danish regulator.

Read more: Difference between net and gross gaming revenue

Read more: Aspects to consider while choosing software for a casino


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