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Denmark’s regulated gambling market revenue grew up

The Danish state regulator, Spillemyndigheden, published statistics on the online gambling industry for the first quarter of this year.

Gross revenue from online-gambling was DKK 1.52 billion (about € 203.9 million) for the three months of this year, up 8.9% from the same period last year but down 7% from Q417.

The online casino vertical generated revenue of DKK520.8m, up 25.5% year-on-year and 8.7% higher than in Q4. However, Spillemyndigheden changed its online casino calculations in Q1 to include online bingo, which the regulator formally approved as of January 1.

The dominant sports betting vertical reported revenue rising 7% year-on-year to DKK555.4m, although this figure was 22% lower than Q4, which featured a lower than usual payout ratio.

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