Danish egaming market grows 17%
Casino and sports verticals see rise in revenues while poker GGR falls 10% year-on-year
The Danish online gambling market saw total gross gaming revenue (GGR) grow 17% year-on-year in the second quarter of 2013, despite poker revenues falling for the first time since the regulated market opened in 2012.
According to results released by the Danish Gambling Authority (DGA), online casino revenues rose from DKK235m (£26.7m) to DKK250m (£28.5m) and from DKK265 (£30.2m) to DKK335 (£38.1m) for sports in Q2 2013, with both verticals contributing to an overall market total of DKK585 (£66.6m).
CEO of Danske Spil, Hans Christian Madsen, told eGaming Review this morning that the sports betting market in Denmark in particular is an “upgoing trend” which he expects to continue as his firm “plans for growth”.
However, poker GGR fell to DKK50m (£5.7m) in Q2 compared to DKK55m (£6.3m) in the same period last year and the DGA expects full-year GGR for the poker market to fall to DKK205m (£23.3m) by the end of the year, compared to DKK220 (£25m) during 2012.
Madsen said the fall in Q2 2013 was in-line with “poker declining worldwide” and that the vertical was now in a position whereby “the sharks have eaten all the fish”.
The overall dot.dk market has demonstrated strong growth since opening on 1 January 2012, with Danske Spil posting 13.8% growth during its first year of operating in the regulated market. Since market lberalisation, internet service providers have blocked a number of unlicensed operators including bet-at-home and TitanPoker.