Sports betting continues to reclaim its role in the top revenue vertical in Denmark in the final quarter of 2020, in spite of the presence of online casinos that are having a devil in the corner.
The figures that got released on Wednesday by the Spillemyndigheden regulatory agency of Denmark is now showing that the locally licensed gambling operators have produced a revenue of around DKK1.72b (US$281.2m) in the three months at the ending of December 30. It is up by 6.6% from the final quarter of 2019. Also, it is 12.5% better than the market that got reported in Q3 2020.
Sports betting has been leading Q4’s charge, along with the DKK724m. It is now up by 16.6% at a year-on-year better sight than DKK558m, which was reported in Q3 of 2020. Even Q4 had been the best quarter in betting in the last year. However, it suffered due to the year-long shutdown owing to the pandemic, which started in the latter part of Q1.
The revenue rank of online casinos is having a massive amount of return, along with DKK666m. It has now got up by 16.2 % as per the year-on-year. It is a bit higher with the sequential gain from Q3. However, the total of Q4 was slightly lower than the peak in Q2 with DKK673m. During the absence of major sports, it worked as a significant push for Danes to traverse through other gaining verticals. The slots made its claim near a three-quarter slice from the casino pie of Q4.
The land-based gaming verticals in Denmark was not anywhere lucky in Q4. It is due to the facing of the nation a heavy pandemic situation and entire lockdown in November. The gaming machines in slot halls have seen the revenue falling more than one-fifth year-on-year towards DKK266m. However, it is far better than DKK100m with its lower watermark that got reported in Q2.
The land-based casinos are also suffering from a similar kind of fate. It has fallen by 23.3% to DKK69m. It is worth noticing that Q4 has seen the rollout of state-run Danske Spil’s new Sikkert Spil (Safe Play) player ID system. Thus, the land-based gamblers are facing an increase of regulatory hurdles, along with the addition of restrictions due to social gathering.
For 2020, the total sports betting revenue is having a figure of DKK2.29b. It is down by 8.5% from 2019. Besides, the first annual revenue of the vertical is getting a reversal since the regulated market launch of 2012. Though the sports got disrupted, online casino revenue moved upwards by only 5% to DKK2.45b. It is below the 8.1% year-on-year improvement of 2019 and recorded as the lowest annual gain after 2012.
Both casinos (DKK239m, -31.5%) and slot halls (DKK986m, -29%) have reported an all-time low in 2021. The entire gambling market of Denmark has seen the annual revenue falling by 9.2% to just under DKK6b.