Denmark sees 20% gaming revenue increase for Q1 2022

June 30, 2022 World Earnings & Filings Industry Updates

The Danish Gambling Authority has published statistics from the Danish gambling market for Q1 2022, noting a year-on-year increase of 20% in gross gaming revenue (GGR) for the industry.

Revenue from betting, online casinos, gaming machines and land-based casinos saw a year-on-year increase of DDK$226m (US$31.8m), amounting to a total of DDK$1.5bn.

As a result of pandemic-related restrictions, casinos and gambling arcades were closed during Q1 2021. The lifting of restrictions meant these locations were open for the majority of Q1 2022, closed only in January, giving some explanation for the rise in revenue.

Betting and online casinos are two areas that have seen rapid growth since Denmark partially liberalised gambling in 2012; however, both sectors saw a fall in spending in Q1 2022 compared to Q1 2021. GGR fell by DDK$22m and DDK$18m for both sectors respectively, equivalent to 3.7% and 2.5%.

In 2021, the Danish gambling market had a total GGR of DDK$9.6bn.