Danish Online Gambling GrowsPublished December 1, 2015 by Lee R
Continued revenue growth could make Denmark a model for other countries looking to regulate.
Denmark's national gambling regulatory body Spillemyndigheden has reported continued revenue growth for the country's online gaming market for Q3 2015.
Jumps All Around
In a country fond of online casinos such as Tivoli, Maria and Roxy Palace Casino, online casinos brought in gross gaming revenues of DDK330 million (€44.2 million/$47.1 million), representing a DDK265 million jump from Q3 last year, but still a slight drop from the DDK335 million posted in the second quarter of this year.
As far as general betting revenue, the Q3 total stands at DDK560 million, a jump from DDK495 million in Q3 2014 as well as an increase from the DDK470 million recorded in this year's second quarter.
Total gross gaming revenue also experienced a jump, as the figure jumped from 2014 Q3's DDK760 million to DDK890 million for the same period this year. The Q3 total was also up from the DDK805 million posted in this year's Q2.
As for gross gaming revenue from gaming machines, a slight drop showed from Q2 showed at DDK385 million, down from the DDK415 million generated in Q2 of this year but nonetheless stronger than the DDK370 million achieved in Q3 of last year.
Land-based casino revenues had a better showing for Q3 than any quarter since 2012, increasing from DDK80 million in the third quarter of last year to DDK95 million in Q3 of 2015, marking the most successful quarter since the start of 2012.
Spillemyndigheden expects Q3 performance to boost gross gaming revenue for the year to just shy of DDK8.4 billion, for a boost of over half a billion from last year's DDK7.8 billion total. At this point, any country that expands effectively is worth observing further in the interests of generating sustainable models for expansion for the rest of the world. European countries on the fence about iGaming regulation should look into the Danish when considering the pros and cons.