Danish gambling revenue tops €76 million in May

Finance News

The Danish Gambling Authority has released statstics for May 2024. The figures show that the total gambling spend on betting, online casino, gaming machines and land-based casino decreased in May 2024 compared to May 2023. 

In May 2024, the Danes spent DKK 571 million on gambling. This represents monthly fall of 3.4 per cent. Nevertheless, the spending on online casino increased by 10.3 per cent in the same period.

Total betting revenue deceased by 3% to DKK177.8 million, mobile betting was up 66% to DKK124.0 million. Online betting revenue was up by 31% to DKK25.3 million.

The Danish Gambling Authority’s quarterly statistics. To the greatest extent possible, the Danish Gambling Authority publishes rele- vant data on all gambling sectors of the market. Each gambling sector has its own proce- dures regarding licences reflecting the different legal and commercial conditions. similar data is not available in all gambling sectors, which is why statistics for each sector is collected and processed on different times and with different intervals. Fi- nally, the Danish Gambling Authority considers competitive conditions, accordingly, data is always aggregated.

In the online casino market, the difference between stakes and GGR is considerably greater than on the betting market, as the rate of return is also considerably greater. In 2017, the total stakes on the online casino market was DKK 45,937.7 million while GGR excluding commission was DKK 1,675.0 million, which means that stakes in this real case is 27.4 times greater than GGR.