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Denmark gambling industry with its first decrease since 2012 due to COVID-19

Published date: 2021-04-22
Denmark gambling industry with its first decrease since 2012 due to COVID-19

The national gambling regulator Spillemyndigheden has revealed figures showing the impact of the Covid-19 pandemic on Denmark’s gambling market. Revenue in 2020 amounted to DKK6.00bn ($966m), down 8.7% from DKK6.57bn ($1bn) in 2019.

 

Revenue had climbed steadily since regulation in 2012. However, the closure of land-based casinos and gambling venues and the cancellation of sports events due to the Covid-19 pandemic led the industry to its first year of decline.

 

Online casino became the biggest source of gambling income for the first time since regulation, overtaking sports betting as its revenue rose 4.5 per cent to DKK2.45bn ($394m). However, the increase was lower than the average annual increase of 13 per cent since regulation in 2012.

 

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