Denmark reports increased gambling revenue in December

Denmark reports increased gambling revenue in December

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Denmark reports increased gambling revenue in December

The gambling regulator of Denmark, the Spillemyndigheden, reported an increase in the sector’s revenue in December.

One of the key figures highlighted by the regulator’s latest report was a gross revenue of 665 million kroner in December, which was up by just over 22% from the revenue of 543 million kroner recorded in the last month of 2022. This increase primarily stemmed from growth in the revenues of online gambling businesses and sports wagering operators, which generated 305 million kroner and 226 million in the period kroner respectively.

The increase experienced by betting businesses in the month represented a growth of more than 67%, while online casinos experienced an increase of around 12%. Land-based gambling venues and terminals, on the other hand, maintained steady revenues and generated 35 million kroner and 99 million kroner respectively.

The regulator also reported the performance of Denmark’s gambling industry throughout the year, with the sector’s total revenue being recorded at just under 6.8 billion kroner. This represented a slight increase from the preceding year’s revenue of 6.73 billion kroner, with the sector’s online gambling businesses generating close to half of the total market’s revenue at just under 3.1 billion kroner.

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