DGA reports strong start to 2022 for land-based casino

DGA reports strong start to 2022 for land-based casino

The performance of gaming machine revenue within the Danish market managed to offset the losses from sports betting and online casinos within the first two months of 2022.

Publishing its financial records for January and February 2022, the Danish Gambling Authority, Spillemyndigheden, detailed that Denmark’s total GGR increased by 16 per cent during the first two months of the year to DKK 1.05bn (€141.1m). 

Land-based casinos witnessed an increase in revenue to over DKK 31m (€4.1m), all of which was taken in February due to the casino sector opening during that month. The venues were closed during the first two months of 2021 due to pandemic lockdown restrictions. 

The biggest driver of revenue for the first two months, however, was slot machines – which recorded a significant increase to DKK 131m (€17.6m), with DKK 22m (€2.9m) in January and DKK 109m (€14.6m) in February. 

In comparison, revenue for its online counterpart experienced a slight decline of 0.2 per cent from DKK 476m(€63.9m) in January-February 2021 to DKK 475m (€63.8m),

January proved to be a more lucrative month for online casino with revenue increasing by 1.4 per cent to DKK 261m (€35m) from DKK 258m (€34.6m), whilst February saw a drop of two per cent from DKK 218m (€29.3m) to DKK 214m (€28.7m). 

Within the first two months of the year, sports betting revenue stood at DKK 412m (€55.3m) for the full two months, with DKK 228m generated in January and DKK 184m (€24.7m) in February.  

In comparison, betting takings for the corresponding two month period in 2021 was DKK 428m, whilst for the individual months, the figures stood at DKK 207m (€27.8m) – a 10.5 per cent increase in January – and DKK 221m (€29.7m) – a 17 per cent decline for February.

Author: Ava Harvey