According to recent information given by the country’s authority, sports betting companies in Denmark had a terrible fourth quarter in 2021.
Sports betting sales in Q4 2021 totaled DKK 593 million ($88.2 million), according to new figures given by Spillemyndigheden, the Danish Gambling Authority. When compared to the same period in Q4 2020, this was a huge 18.3 percent reduction. Despite a large drop in betting revenue in Q4 2021, the result was still higher than the DKK 577 million ($85.7 million) in revenue reported in Q3. 2021.
Looking at the big picture, the gambling industry’s overall gross gaming revenue (GGR) in Q4 2021 was DKK 1.69 billion ($250.8 million). When compared to the DKK 1.73 billion ($256.8 million) recorded in Q4 2020, this is a 3.9 percent drop.
GGR Increases in Online Casinos and Gaming Machines
Online casinos accounted for 43.31 percent of the DKK 1.69 billion ($250.8 million) in GGR in Q4 2021, according to a breakdown. Betting, on the other hand, accounted for 35.51 percent of the GGR in Q4 2021. In Q4 2021, gaming machines produced 16.12% of total revenue, while land-based casinos contributed 5.06 percent. On the plus side, despite the decline in betting revenue, gaming machines, land-based casinos, and online casinos all had revenue increases in the fourth quarter of 2021.
Gaming machines made DKK 269 million ($39.9 million) in revenue in Q4 2021. When compared to the same period the previous year, this represented a tiny 0.9 percent gain. Online casinos, on the other hand, grew at a faster rate in Q4 2021. The gross gaming revenue (GGR) of online casinos in the fourth quarter of 2021 was DKK 723 million ($107.3 million). When compared to the same period last year, the figure represented a 7.2 percent gain.
Revenues from land-based casinos are on the rise.
Land-based casinos, without a question, saw the greatest gain in GGR. Land-based casinos earned DKK 84 million ($12.4 million) in Q4 of 2021. When compared to the same period in 2020, this represented a remarkable 21.9 percent gain. Nonetheless, the gross gaming revenue (GGR) of land-based casinos in Q4 2021 did not exceed the DKK 98 million ($14.5 million) in Q3 2021.
Danish gambling businesses earned a total of DKK 6.2 billion ($920.5 million) in GGR for the entire year of 2021. When compared to 2020, when total GGR was DKK 6.0 billion ($890.7 million), this represents a small increase.
You might also enjoy:
- It’s unclear whether Sweden’s deposit cap had an impact, according to Spelinspektionen.
- Camelot loses its National Lottery licence, and Allwyn Entertainment is chosen by the UKGC.
- Can Artificial Intelligence (AI) Aid Casinos in Reducing Problem Gambling?
- For Belarusian and Russian businesses, Genius Sports has shut down.
- Changing demographics: In 2022, there will be more women playing poker than ever before.
- Companies in the gaming industry are addressing the humanitarian problem in Ukraine.