Part 3: Denmark – on track in first quarter
Part 3
Denmark – On track in first quarter
Summary Online betting
In terms of the top-line figure, the Danish online The danger of reading too much into quarterly
market went into reverse in the first quarter, gross gaming revenue figures for any given
with total revenues for all products down jurisdiction is amply illustrated by the progression
quarter-on-quarter 6.7% or DKK62.9m. However, from the fourth quarter of 2017’s betting
this followed an extraordinary fourth quarter numbers from the Danish Gaming Authority
of last year. In the year-on-year comparison, (Spillemyndigheden) and the first quarter of
it was up 16.5% or DKK124.7m. Within these this year.
Having risen more than 21% quarter-on-quarter
figures, it was casino that continued to excel,
with revenues year-on-year up 25.5% or in the last three months of 2017 to DKK464.5m,
DKK105.9m to DKK520.8m. largely off the back of a very good margin
The sole reason for the shortfall in the
performance, the online portion of Danish betting
progressive quarterly comparison can be seen to revenues (mobile and desktop combined) fell
be the extraordinary margins achieved in sports back more than 22.5% in the first quarter, to
betting in the fourth quarter of last year, which fell DKK359.9m, as margins normalised.
The margin swing was, of course, seen in other
back to 10.5% in the first three months of
the year from 13.8% in the fourth quarter of 2017 geographies at the tail end of 2017. In the case
(see Chart 11). of Denmark, margins for betting operators (both
Chart 11: Online betting and gaming 1Q17-1Q18 (DKKm)
Source: DGA
iGaming Business Market Monitor • UK, Spain and Denmark • September 2018
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