Danish Betting Market Revenues Surge with €236.5 M in Cross-Sector GGR

As with many countries, Denmark felt the effects of COVID-19 across several sectors. Gaming machines and land-based casinos suffered the biggest impact, with 2022 revenues showing a decrease. Brick-and-mortar casinos brought in DKK 349 million (46.8 billion) in the full year, with quarterly figures indicating a 9% decrease from DKK 98 million (€13.1 million) in Q3 of 2021 to DKK 89 million (€11.9 million) in Q4 of 2022.

The GGR for gaming machines in Q4 of 2022 was DKK 295 million (€39.6 million), a 1% drop on the DKK 298 million (€40 million) from the previous quarter. Total yearly revenue was DKK 1.15 billion (€154.4 million). The gambling authority warned that these sectors were still recovering from the forced closures in 2021. Therefore, stakeholders should take that into account when comparing the yearly performances of the different gambling segments.

A statement from Spillemyndigheden explained that the percentage changes in land-based casinos and gaming machines were due to the restrictions imposed during the pandemic. Most physical locations, including gaming arcades were closed in 2021. It also pointed out that online casinos, betting, gaming machines and land-based casinos posted a total GGR of DKK 6.7 billion, which is a year-on-year growth of 8%.