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Revenue from betting, online casinos, gaming machines and land-based casinos saw a year-on-year increase of DDK$226m (US$31.8m), amounting to a total of DDK$1.5bn.
As a result of pandemic-related restrictions, casinos and gambling arcades were closed during Q1 2021. The lifting of restrictions meant these locations were open for the majority of Q1 2022, closed only in January, giving some explanation for the rise in revenue.
Betting and online casinos are two areas that have seen rapid growth since Denmark partially liberalised gambling in 2012; however, both sectors saw a fall in spending in Q1 2022 compared to Q1 2021. GGR fell by DDK$22m and DDK$18m for both sectors respectively, equivalent to 3.7% and 2.5%.
In 2021, the Danish gambling market had a total GGR of DDK$9.6bn.
Lotteries held a majority share of the market, with GGR of DDK$3.4bn, equal to just over a third of total market revenue. Land-based casinos were the smallest sector, with just 2% of the total market at a total of DDK$220m.
In June 2022, the Danish Gambling Authority reported Tipwin to the Danish, for numerous alleged breaches of the country’s Anti-Money Laundering Act.
The company is accused of failing to prepare proper risk assessments, and lacking adequate procedures and supervision of its land-based gambling products.
