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Huge Earnings For Denmark’s regulated gaming market
Thursday August 7,2014 :STRONGEST QUARTER YET FOR DANISH ONLINE GAMBLING
Record performances from online casino and sports betting.
Denmark’s regulated gaming market generated gross gaming revenue of DKK1,195 million (Euro 160.3 million) in Q2-2014, with record performances from both sports betting and online casino during the period, reports the national regulator.
It was the strongest quarter yet from operators providing sports betting and online casino products since the opening of the Danish online market in January 2012, with sports betting results boosted by the World Cup football in Brazil during June and July.
In Q2 the GGR for betting reached 445 million DKK (Q2-2013 Euro 335 million DKK) whilst the GGR for online casino increased to 270 million DKK (Q2-2013 Euro 250 million DKK).
The regulator says that a high GGR for betting can mainly be explained by the FIFA World Cup from 12 June to 13 July, which led to temporary high betting activity at the end of the quarter.
The GGR for online casino grew around 8 percent compared to the same quarter in 2013, in line with the growth rate in the previous quarters.
Estimated total Danish gambling GGR for FY2014 has been set at 7.7 billion DKK (FY 2013 7.57 billion).
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