Danish gambling revenue dropped 5% YOY for Q3 2020

21 Nov 2020

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The Danish gambling market experienced a 5% revenue drop year-on-year (YOY) for Q3 2020.

According to figures from the Spillemyndigheden (Danish Gambling Authority), the market's gross gaming revenue (GGR) declined to DKK 1.53bn, mainly due to drops in sports betting and online casino.

Sports betting saw it’s GGR for Q3 falling 11% from last year, down to DKK 558m. Online casino GGR posted a 2% decrease down to DKK 555m, while gaming machines revenue declined just by 1% to DKK 334m.

In terms of quarter-on-quarter (QOQ), Danish sports betting sites’ GGR rose 50%, compared to the last quarter (Q2). Moreover, the overall market revenue went back on track with a 32% increase from Q2.

The Danish Gambling Authority’s spokesperson stated that: “Betting was significantly affected in Q2 2020 because many sports events were cancelled or postponed. However, in Q3 2020 the market has increased again. The reason why the most recent quarter still represents the second lowest GGR since Q2 2017 may be that the autumn football season has started later than previously”.

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