News Online 30 Mar 2022
Danish GGR increased 16% year over year for February and January
Gambling Insider
Denmark’s gross gaming revenues (GGR) increased 16% to DKK 1.05bn ($157m), in the first 2 months of 2022.
Unlike their prior-year counterparts, January and February 2022 saw gaming machines and land-based casinos return to revenue generation, driving modest year-on-year growth despite slight declines in GGR from the country’s iGaming and betting sectors.
Two-months of betting revenue was DKK 412, down 3.7% from January to February 2021. However, online casino revenues declined by 0.2%, from DKK 476m and DKK 475, respectively.
These declines were almost entirely attributable to February’s performance. The same month of 2021 saw DKK 221m in betting, and DKK 218m from online casinos.
These figures, however, were down 17% and 22%, respectively, to DKK 184m and DKK 214m, respectively.
The decline occurred despite the modest increase in both online and offline gambling revenue for January. Online casinos saw a DKK 261m increase year-on-year, and betting generated DKK 228m. This is more than 10 percent higher than January 2021.
Nevertheless, these minor decreases were offset by a major rise in gaming machine GGR, which jumped nearly 400% from DKK 22m to DKK 109m between January and February, bringing the segment’s two-month total to DKK 131m.
Comparable to what was recorded in the preceding-year period for this year, it represented a nearly 40,000% jump. The same can be said for land-based casino, which despite not producing any revenue in January 2022 because of Covid-19-related closings, was reopened February with DKK 31m.
These latter two segments were both adversely affected by the Covid-19 pandemic, with Denmark’s gaming halls and brick-and-mortar casinos remaining closed for much of last year.
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