Danish iGaming Contributes to Overall Gambling RevenuesPublished June 5, 2015 by Amir G
Q1 2015 figures from Denmark's national gambling regulator show the iGaming market's substantial contribution to the country's overall gambling revenues.
The Danish online gambling industry has contributed to Denmark's overall gaming market during Q1 of 2015. This information was revealed by the country's national gambling regulator, Spillemyndigheden, in a report that shows noticeable rise in online casino revenues in the past year. The total gambling revenue hit DDK750 million by the end of Q1, a 12% year-on-year rise from DKK670 in Q1 2014.
Rise in Revenues
Spillemyndigheden has reported a year-on-year improvement in Denmark's betting revenue from online and land based sports betting, showing a change from DDK415 million in Q1 of last year to DDK440 million in Q1 of 2015. Specifically, the revenue collected from online gambling activities has seen a major spike: From DDK225 million in Q1 2014 to DDK310 million in Q1 of this year.
Online Poker Still a Problem
Despite the nice figures, the Danish online gambling industry still has a problem with poker. A recent survey conducted by the Danish Online Gambling Association (DOGA) has shown that an estimated 27% of online poker players in the country play on unlicensed online poker sites.
Commenting on the survey, CEO of DOGA Morten Ronde suggested that authorities might need to educate Danes better on which sites are licensed and which fall in the grey market category, and to consider the expansion of games licensed gambling businesses are permitted to offer in the country.
The Fruits of Regulation
The attitude of Ronde demonstrates why the Danish online gambling is such a prime example for the benefits of regulation. Since Denmark has let go of its state-owned gambling monopoly and regulated the market in 2012, the gross gambling revenue from land-based gambling and online casinos has shown impressive growth.
Denmark's openness to iGaming has not gone unnoticed by leading online casinos worldwide, with special attention given to Danish players at leading brands like EUCasino and bet365 Casino. The fact that the famous Danish Tivoli Casino opened a successful international website last year shows that it's a two-way street relationship.