Danish gambling revenue dropped 5% YOY for Q3 2020

21 Nov 2020

denmark-flag

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”.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

The Gaming Control Authority, a part of the Ministry of Finance of Lithuania, announced that it issued a warning to every sports betting company opera...

Read more »

The English football club, Queens Park Rangers (QPR) made a new agreement for a sponsorship with Gamstop. From now on QPR will dedicate matchday and p...

Read more »

According to data from the regulatory authority of France L’Autorité Nationale des Jeux (ANJ) the online sports betting sector in the country made a r...

Read more »

The Commission on the Regulation of Gambling and Lotteries (KRAIL) in Ukraine announced a new policy regarding unlicensed online operators that exist ...

Read more »

Spelinspektionen, the Swedish gambling authority, announced several changes to its licensing requirements to protect every player in a more efficient ...

Read more »

The renowned bookmaker Betfred announced that it has agreed for a two-year extension to its sponsorship with Super League Europe, the top-flight leagu...

Read more »

A few weeks after Anthony Joshua’s loss against Oleksandr Usyk in a heavyweight championship fight, we’ll be seeing a potentially even bigger heavywei...

Read more »

The Netherlands as of today, October 1, 2021 has officially opened its regulated online gambling market, allowing local players to place legal online ...

Read more »

Betsson AB board has announced that it has begun a quest to find a replacement for Group Chief Executive Pontus Lindwall. Since the program “Back on T...

Read more »

1xBet, has announced an agreement for one year with its first ambassador in India – the renowned cricketer Dwayne Bravo. The athlete is known fo...

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
1xBet
  • More than 50 sports
  • 60,000+ events monthly
  • Live Streaming
  • Code:BOOKSPY
100% up to $130
Sportaza
  • Few country restrictions
  • 35+ sports
  • High odds on secondary bets
  • Code:BOOKMAKERSBET
100% up to $100
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKBET
100% up to $300
Anonymbet
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:bookmakers
120% up to $100
Wazamba Sports
  • Few Country Restrictions
  • 35+ sports
  • Card & Corner Bets
100% up to $100
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
LeoVegas Sports
  • High average payout of 95% +
  • Best odds guaranteed on UK & Irish horse races
  • Live streaming feature
High Odds
Mr Sloty Sports
  • Few country restrictions
  • 30+ sports
  • Multiview Feature
  • Code:WSPORT501
50% up to $100
Royal Oak Sports
  • Few country restrictions
  • 30+ sports
  • Asian Handicaps
  • Code:WELCOMESPORTS
100% up to $100
Mystake
  • Few country restrictions
  • 1,000+ pre match events daily
  • 400+ football markets
100% up to $500
Lapilanders
  • Few country Restrictions
  • 1,000+ live events daily
  • 35+ sports
100% up to $120
Librabet
  • 35+ sports
  • Cards & Corners
  • 20+ Payment Options
100% up to €250
Powbet
  • 30,000+ events every month
  • More than 35 sports
  • Card & Corner bets
100% up to $100
LATEST BOOKMAKER PROMOTIONS