Sports betting is a big thing in Denmark. It’s so big that no other sector in the gambling sector is close to it. That is why the Denmark casino industry is one of the fastest growing. Recent statistics finds out that many people in Denmark want sports betting. Above all, this means that betting on various sporting events is a big thing in Sportsbooks. Many young people are making real money by placing bets. They do this from the comfort of their homes. Also, This is increasing the real money betting business activity.
Denmark Casinos Make Big Profits In 2017 With Sports Betting
According to iGaming Times, the business is booming. Also, This is a local journal that follows happenings in the iGaming sector. The Journal reports that Denmark gets a lot of revenue through sports. In fact, the journal says that this money comes in through mobile sports betting.
Quarterly Revenue Update
In this week’s quarterly revenue update, the country’s regulator reports an increase. The Danish regulator says that the quarter revenue collection was up by 9 percent. The increase in revenue projection comes from sports betting. According to the regulator, the quarter’s collection is DKK 577 million. That is the equal of $92 million. This amount only involves the revenue collection from July through September. Nobody knows exactly why there is such growth. But there is a lot of speculation. Many people are saying that it is a worldwide need for eSports. Other stakeholders say it is because of a run of good luck by bookmakers.
The online casino market records even a bigger growth. This market grows by 20 percent. The 9 percent growth on the sports betting with $92 million is big. But we are looking at what jumps up from where it is in July. The online casino sector brings in some DKK 456 million. That figure is equal to $72.9 million.
Danish Gambling Regulators
The Danish regulator comes up with the final figure. These statistics include collections from bothering live and online sites. Most noteworthy, this is where the regulator says it is a massive growth. In general, collections from both sectors rises to DKK 1.5 billion. That figure is equal to $240 million. That is 9.3 percent increment when you compare with the same time in 2016.
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Other Sections Suffer
Although there is good news to report on it, not everything is okay. Particular sectors are struggling. One of the industries that are still struggling is the live and online poker. This sector continues to record low revenue. As other areas continue to mark massive growth years after year, it is not so here. Poker is record low returns. According to the regulator, the collection now remains at DKK 31.7 million. That figure is equal to only $5.1 million. Also, This is a 6 percent down!
Will Sports Betting Continue It’s Rise At Denmark Casinos In 2018?
But nobody should continue to dwell on the bad news. It is a good thing to stick to the good news. Mobile gambling will boost revenue collections. Operators have their say. They argue that sports betting in the Denmark casino industry will go even far. Their suggestion is to align local gambling laws. Gambling regulation must conform to EU’s.