The gambling monopoly of Norway disclosed that it didn’t see any rise in online casino activities during the pandemic lockdown that took place in spring. This was partly because of the company’s state-run spending limits.

Norsk Tipping disclosed a report on the gambling activities in Norway on Friday. This was after the Nordic nation declared a lockdown on the 13th of March. This was caused by COVID-19 pandemic ravaging the world.

This led to the closure of every gambling operations in the region including the Belago and Multix slots halls. Sports betting was not left behind as they also suffered from the prolonged lockdown.

Lotteries disclosed a minor activity rise in April due to the fact that other gambling options were not available. Although this phenomenon is quite seasonal because of Easter promos. However, lottery sales got back to regular levels by May and has stayed the same all through the month of September.

Norsk Tipping’s Oddsen sports betting product disclosed sales fell drastically in April. This was because the wagering slate of Belarusian football and eSports did not sit well with most gamblers.

Online bingo, on the other hand, was not affected by the pandemic. Digital lottery scratch cards and online casinos disclosed a slight rise in activity but it cannot be compared to the steady growth of online casino for the past few years.

Also, it is definitely not enough to make up for sales lost through the fall in retail slots and sports betting.

Norsk Tipping upholds stringent online casino spending limits, and this has led to spending surges during the first week of every month during the lockdown.

This was followed by consecutive falls every week until the start of the new month which kick started the cycle again. As luck would have it, the market started to return to normal at the end of May.

According to Norsk Tipping, they say as things returned to normal, it’s quite difficult to decide whether pandemic had an impact on the problem gamblers face in Norway. However, the company promised to disclose more details when the next report is released.

Norway is part of the few markets in Europe that still clings to its state-run monopoly gambling model. At this time, the country is still not interested in trying out more competitive options.

Recently, the government announced plans to unite its gambling regulatory regime which is currently three-headed into one entity. This way, they’ll have more powers to target Norsk Tipping international licensed online competitors and Norsk Rikstoto it’s racing counterpart.

Following DraftKings launch in Tennessee, the company is now providing sports betting in ten states which represents about 20 percent of the population of the United States. DraftKings believes they’ll boost this figure to 26 percent if they can convince Virginia and Michigan regulators it’s worth licensing.

The company has also expressed interest in going for a license in Ontario which is Canada’s biggest province. The province recently confirmed that they’re opening up the online gambling monopoly to private operators. The federal government has not authorized this move as at press time.

Source: https://calvinayre.com/2020/11/13/business/draftkings-loses-348m-sports-betting-customer-acquisition/

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