Retail wagering experienced a decline in Denmark in November

Retail wagering experienced a decline in Denmark in November

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Retail wagering experienced a decline in Denmark in November

Land-based betting operators in Denmark experienced a decline in their revenue in November of 2023.

The Spillemyndigheden’s latest monthly report started off by highlighting the decline in revenue experienced by the country’s land-based wagering operators, which generated 36 million kroner, down 40% year-over-year from the 60 million kroner generated by the vertical in the same month of 2022.

The regulator mentioned that one of the key developments that took place just before the month was the recent introduction of Denmark’s player ID system, which serves as an identification tool for the country’s land-based operators. However, Spillemyndigheden mentioned that it is still too early to identify whether the system was the cause of the decline experienced by retail betting firms or not, as it was introduced just a month prior at the beginning of October.

In contrast to the land-based vertical’s decline, online wagering remained steady in the month, generating 196 million kroner, down slightly from last year’s 197 million kroner revenue. The majority of this stemmed from bettors playing on their computers, which generated 35 million kroner, up from last year’s 28 million kroner.

Lastly, the regulator also reported the performance of the market’s other verticals, with online gambling generating the most revenue at 251 million kroner, up from last year’s 232 million. Retail casinos experienced a slight increase as well, with their revenues going from 26 million to 31 million kroner, while gambling terminals experienced a slight decline from 95 million to 93 million kroner.

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