Denmark's Online Poker Market Down 20 Percent in 2014
Although other European countries such as the Netherlands and Sweden believe that the Danish online gambling system may be the best to emulate, Denmark's online poker market has now declined for the second consecutive year.
According to the latest figures from the second quarter of 2014 released by the Danish gambling authority Spillemyndigheden, Denmark closed this year's Q2 with a 20 percent decline compared to the same period in 2013.
As numbers show, revenues coming from online poker in the second quarter of 2014 went down to Kr. 40 million ($7,186,231) from the Kr. 50 million ($8,982,789) registered in the period of 2013.
The decline assumes some even more worrying proportions when this year's data is put in comparison with the one from 2012, when online poker generated revenues of Kr. 55 million ($9,881,067).
According to Spillemyndigheden's estimates, the trend highlighted by the numbers from the second quarter of 2014 should allow the online poker market to generate total yearly revenues for about Kr. 180 million ($32,338,040) by the end of the year.
This would mark a 7.7 percent decrease compared to 2013 and an 18.2 percent decrease compared to 2012.
Things went slightly better for casino games in general, as casino gambling revenues rose by 12.5 percent moving from Kr. 240 million ($43,117,387) in 2013 to Kr. 270 million ($48,507,060) in 2014.
On an even more positive note, Denmark's betting market seems to have been significantly helped by the World Cup in Brazil, as betting revenues from the second quarter of 2014 reached their all-time high since the market's liberalization.
Thanks to the football hype brought in by the FIFA World Cup, the Danish betting market generated revenues of Kr. 445 million ($79,946,822), marking a 33 percent increase compared to the same quarter in 2013 when revenues reached a total of Kr. 335 million ($60,184,686).