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Denmark online gambling industry verifies its value

Denmark online gambling industry verifies its value

A big blockbuster ascended on the horizon of the Danish economy in 2016, enhancing its growth.  That unquestionably was the online gambling, which although thriving up did no harm to the ground casino.

Whereas online gambling gets legal, the same controversy arises, opposing the virtual ventures to the ground-based casinos.

Maybe paradoxically for some, the considerable growth of online during 2016 in Denmark did not influence the land-based casinos.

 

Rising Numbers

The total combined profit of sports betting and online gambling cumulated the massive $5.3 billion in 2016. Versus 2015, the overall revenue figure indicates an increase of the remarkable 13%. 

This striking rise of the total profits has convinced Spillemyndigheden, the Danish gambling regulating body, to lobby for the expansion of Denmark online casinos and the scope of their operations. This, according to the later, will boost not only the gambling market but also the whole’s country economy.

Casino games in variety

A broad selection of casino games positively influenced the online casino prime, starting with the online slots. With so many and so different slots, provided by leading software developers, it is no wonder the online slots are the ultimate choice of the gamesters. 

According to rough estimations, the customers of the good old reel spinning generates 72% of the earnings in the online gambling industry, making online slots the biggest locomotive for the industry’s development.

With an 8.8% hop in the numbers compared to 2015, sports betting is keeping the right pace.

Suffering an awful Q3, online poker has also started to slowly recover and enjoyed a pretty good progress at the end of the year. Not the best competitor in the profits chase, online poker is gradually catching up and reducing the distance.  

Wrapping up, the online casino industry does not pose a threat to the ground casinos and seemingly they are not moving anywhere, but Denmark.

 

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