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Denmark Proves Why European Gambling Monopolies Should Be Disbanded
By Shane Addinall Nov 13, 2022 LegalityThe effortless manner in which the Danish gambling regulator is protecting players and growing the country's financial strength through casino games will astonish you.Before 2012, Denmark relied on its gambling monopoly to provide casino entertainment to its citizens. The state-owned gambling operator Danske Spil managed all gambling within the region.
Despite their best efforts, the monopoly could not provide the depth of online gambling that unlicensed offshore operators could, with most of the country’s gambling-related spending taking place on international websites.
Success Begins with Market Channelisation
At its lowest point, the country reported a channelisation rate of only 39%, meaning 61% of all Danish gambling and betting added no revenue to its coffers.
However, since passing its reformed 2012 Gambling Act, the country has turned this low channelisation rate around, becoming a Nordic free market gambling jurisdiction success story. Recent Spillemyndigheden reports place market channelisation at just over 90%!
Not only does this mean that nearly all land-based and online gambling in Denmark benefits the economy, but local laws and best business practices now protect the vast majority of the country’s players.
They have also seen incredible success with their national self-exclusion register, ROFUS. According to the Q2 2022 Statistics report charts, more than 33,000 Danish gamblers have chosen to exclude themselves from all forms of gambling advertising and activities.
Casino Games Rule Supreme
Denmark is a fantastic example of how a multi-licence gambling jurisdiction serves the gambling community by giving them access to the best products and services while protecting them from harm.
A combination which will ultimately benefit the country financially, as the region’s 2022 vs 2021 year-to-date Gross Gaming Revenue (GGR) prove:
- Online Casinos: €2.13 billion in 2022, up 1.9% from €2.09 billion in 2021
- Gaming machines: €858 million in 2022, up 73.0% from €496 million in 2021
- Land-based casinos: €260 million in 2022, up 92.3% from €135 million in 2021
The financial benefits of a thriving yet well-managed gambling industry cannot be ignored. Denmark’s year-to-date casino revenues speak volumes of the boon that casino games can be to the financial health of a country.
It is worth noting that betting is also a strong market in Denmark. However, the betting industry fell a little short in the most recent reports, with its 2022 GGR of €1.71 billion, falling -6.3% behind its 2021 revenue figure of €1.82 billion.
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