Physical gambling establishments in Denmark witnessed a remarkable revenue surge of nearly 200% this past May, while their digital counterparts faced a downturn.
This upward trajectory reflects an ongoing resurgence for traditional casinos following the pandemic’s impact, with revenue consistently climbing year-over-year.
Data recently published by the Danish Gambling Authority (DGA) revealed that brick-and-mortar casinos generated DKK 32 million (roughly $4.5 million) in May, a substantial 196% increase compared to the same timeframe last year. Gaming machines also enjoyed a significant boost, pulling in DKK 108 million, representing a 97% leap.
Although both sectors saw a minor decrease from April’s figures of DKK 35 million and DKK 110 million, respectively, the numbers still indicate a strong rebound from the challenges faced during the pandemic.
For a considerable duration of the preceding year, physical casinos grappled with limitations implemented to mitigate the spread of COVID-19. During this period, internet-based gambling, encompassing wagering and virtual casinos, experienced a growth phase.
Nevertheless, as land-based gambling steadily returns to pre-pandemic levels, online gambling and betting have witnessed a corresponding revenue reduction.
May saw overall gaming revenue (GGR) for wagering reach DKK 186 million, a 7.3% year-on-year decrease, while internet casinos generated DKK 246 million, marking a 0.4% dip.
These figures, however, represent an improvement compared to the year-on-year decline observed in April. Betting revenue had plummeted by 16.6% that month, and online casino revenue had fallen by 5%.
In summary, the Danish online gambling and betting market has exhibited some instability throughout 2022.
At the same time, brick-and-mortar gambling establishments and slot machines experienced consistent income growth, with a minor decrease observed only in April and May.
This resurgence in in-person wagering appears to have influenced the profits of online betting and casino platforms, although the situation is beginning to stabilize. In total, the gambling sector witnessed an 11.5% rise in earnings.