Denmarks regulated gambling market saw its revenue cut by one-third during the second quarter of 2020, despite online casino revenue posting a modest year-on-year improvement.<\/p>\n
Figures released Monday by Denmarks Spillemyndigheden regulatory body show state-licensed gambling revenue hitting DKK1.16b (US$183.9m) in the three months ending June 30, down 32.8% from the same period last year and 24% below Q1 2020s results.<\/p>\n
Nearly all verticals were impacted by COVID-19, with land-based casino revenue tumbling 83% year-on-year to just DKK16m following the March 13 closure of all non-essential retail operations. Land-based slots halls suffered an only slightly less injurious decline, sliding nearly 73% to DKK99m.<\/p>\n
Sports betting revenue was off 41.2% to DKK373m following the suspension of major sports activity.Online casino revenue bucked the downward trend, rising 4.5% to DKK673m. The slots figure was 21.2% higher than Q1 2020, poking holes in Spillemyndighedens May report that thered been no surge in Danish gamblers online casino play.<\/p>\n
The lack of retail options clearly shifted gamblers online but primarily via their desktop computers, whose share of Q2s revenue pie rose nearly 8 points year-on-year to 36.1% in Q2. Mobile devices reported a 47.7% share, down nearly four points from the same period last year.<\/p>\n
For the first half of 2020, the markets overall revenue is down 19.2% to DKK2.7b. As with the Q2 stats, online casino was the only vertical to post positive growth in H1, rising 2.8% to DKK1.23b.<\/p>\n
As of June 30, Denmarks ROFUS gambling self-exclusion program had registered 23,469 users, 839 higher than as of March 31 and a much smaller increase than the roughly 1,600 sign-ups in Q1.<\/p>\n
Denmarks state-run Danske Spil gambling operation recently announced a partnership with the Danish Football Association to discourage local youth from gambling. The move comes ahead of the September 1 launch of the companys Spil-ID program, which will require gamblers to obtain a special identification card that they must present each time they try to access gambling products in retail outlets.<\/p>\n
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Denmark's online casino vertical the only grower in Q2 - CalvinAyre.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Denmarks regulated gambling market saw its revenue cut by one-third during the second quarter of 2020, despite online casino revenue posting a modest year-on-year improvement. Figures released Monday by Denmarks Spillemyndigheden regulatory body show state-licensed gambling revenue hitting DKK1.16b (US$183.9m) in the three months ending June 30, down 32.8% from the same period last year and 24% below Q1 2020s results. Nearly all verticals were impacted by COVID-19, with land-based casino revenue tumbling 83% year-on-year to just DKK16m following the March 13 closure of all non-essential retail operations Continue reading