Denmark iGaming Dashboard: Q2 2020

4 September 2020

iGB and Ficom Leisure are pleased to present the Denmark iGaming Dashboard, providing revenue and product metrics on the dot.dk regulated market.

The longstanding dominance of casino in Denmark’s igaming market allowed the overall market to almost entirely avoid any impact from the novel coronavirus (Covid-19) pandemic.

The second quarter’s overall online GGR of €140.5m represented a less than 1% drop on the same period last year, as well as a 6.7% quarter-on-quarter increase.

But though the overall picture was one of resilience, things were slightly less rosy when looking solely at the sports betting vertical. After a strong first quarter, the cancellation of sporting events saw GGR for Denmark’s online sports betting market fall to €50.1m.

Compared with some other markets, however, this was a relatively benign result, representing only an 11.6% fall on the same quarter the previous year. On a quarter-on-quarter basis the drop was slightly higher at 12.3%.

Encouragingly for operators active in Denmark, online casino picked up almost all of the slack in the second quarter. In fact, online casino GGR hit an all-time high of €90.4m in Q2, up 21.3% on the previous quarter and 6.2% on the second quarter of last year.

As a result of the shift from betting to casino, the latter accounted for 64.3% of Denmark’s regulated online market, with betting’s share falling to 35.7%.

Within the casino vertical, there was a slightly uptick in the market share of commission games such as poker, with this rising to 6.8%, up from 5.9% in Q1 and 4.9% in the last quarter of 2019.

This was in line with trends seen in other markets, where sports bettors moved into poker as a substitute for their usual preference. Roulette also increased slightly, while the popularity of blackjack fell back.

Slots continued to account for the lion’s share of casino play in Denmark, with Q2’s 73.5% only a small drop from the 74.0% of Q1. On a year-on-year basis, slots were up slightly from 72.1%.

Interestingly, given the pandemic would likely have led to more people playing at home, mobile increased its share of the market during the quarter, with mobile accounting for 46.03% of play, up from 44.79% in Q1.

Ficom Leisure also provides exclusive monthly estimates on the Italian online market in the Italy iGaming Dashboard, including operator market shares across casino, sports betting and poker, and on the New Jersey market in the New Jersey iGaming Dashboard. It also provides quarterly figures on the Spanish online market in the Spain iGaming Dashboard.

A European corporate advisory firm, Ficom Leisure is a specialist in all segments of the betting and gaming sector.