Denmark online casino declined in the third quarter of 2020. On the other hand, the country’s land-based gambling improved.
Spillemyndigheden released the report Friday that showed licensed gambling operators earned DKK1.53 billion or $244.2 million in the quarter. It was a 4.9 percent decline from the same quarter last year. However, it was a significant increase from DKK1.16 billion in the second quarter.
Land-based casinos reopened in the third quarter in Denmark. Their revenue increased by six percent in the third quarter to DKK87 million. However, slot halls stagnated at DKK334 million. It seemed like the lockdown created demand from Danes who don’t want to use technology for gambling. Pay per head bookie providers want to find out if the trend will continue in the fourth quarter.
Denmark Online Casino Declined
Online casino revenue in Denmark dropped by two percent to DKK555 million. Online slots accounted for 74 percent of the total revenue, which is 1.6 points increase year-over-year. According to pay per head service reports, roulette got ten percent of the market, and blackjack got seven percent. Casino players using desktop computers dropped 4.5 percent year-over-year to 40.4 percent of total bettors.
The decrease in online casino revenue in the third quarter was more significant than in the second quarter. Thus, it proved the Danish regulator’s claims that gamblers were not gambling away their rent money due to the pandemic.
Sports betting dropped by 11 percent to DKK558 million. Also, online sports betting accounted for almost two-thirds of the total betting revenue. Mobile sports betting had more than 50 percent of the market share.
Also, the decline in online casino revenue in Denmark is the opposite of what’s happening elsewhere globally. For instance, online gambling in the US is on the rise as people prefer staying at home instead of going out to land-based casinos. Thus, many gambling firms are launching their apps, including WynnBet from Wynn Resorts.
