Denmark's Gambling Expenditure Slightly Rises in February
๐ค Let's dive into the Danish gambling scene! The gambling regulator, Spillemyndigheden, recently disclosed some eye-catching data about the local gambling industry, shaking up the landscape. Here's the lowdown:
Gambling Spikes Slightly in February
Unveiled in February 2025, Danes upped their gambling ante by a modest 0.6% compared to the previous year. The primary reason for this growth? A surge in online casino gaming.
The gambling surge overshadowed decline across various segments, such as betting, gambling machines, and land-based casinos. The overall Gross Gaming Revenue (GGR) for the month stood at approximately $85.5 million.
"Stop the Game," Says Spillemyndigheden
The authority also shed light on related statistics of the self-exclusion register, ROFUS, and the StopSpillet hotline. The numbers are staggering! Over half of players reported gambling for less than ten hours a week, whereas an alarming 9.1% admitted spending over 70 hours gambling! Strikingly, 53.8% of these high rollers began gambling before their 17th birthday.
As of February 2025, the ROFUS register counted 58,280 individuals, with 37,772 opting for lifetime exclusion. Notably, the gender distribution remains male-dominated, with 78.1% of registrants being male and 21.9% female.
2024: Boom Year for Gambling in Denmark
Previously, the Spillemyndigheden revealed the gaming industry's impressive financials for 2024. Danes spent a whopping $1.6 billion on gambling, up 5.6% year-on-year. The total GGR for the year amounted to approximately โฌ1.48 billion.
Online casinos remained the primary revenue generator, contributing nearly half of the total GGR. Interestingly, betting and land-based casinos experienced a slight growth, while gaming machine revenue exhibited minimal decline.
FATF Grey List Rejiggered
Lastly, the Spillemyndigheden echoed recent changes to the Financial Action Task Force (FATF) grey list. The Philippines got a clean bill of health, while Nepal was added to the list. The blacklist remained unchanged. The authority reminded operators of the potential money laundering risks associated with FATF's grey-listed countries, urging them to remain cautious.
This detailed rundown demonstrates that the Danish gambling landscape is on the rise, with an increasing shift towards online platforms. Still, it's crucial to address concerns surrounding responsible gambling and potential money laundering threats. ๐๐โ๐ฅ๐ธ๐ฒ๐ฐ๐๐๐ญ๐ฎ๐๐๐๐ฉ๐ฐ๐ต
- Despite a slight increase in overall gambling activity in February 2025, traditional land-based casinos experienced a decline, contributing to the overall revenue, highlighting the growing preference for online casino games in the Danish gambling industry.
- The finance sector should be aware of potential risks associated with gambling activity, as the Danish self-exclusion register, ROFUS, recorded a remarkable 58,280 individuals, with high rollers starting as early as 17 years old, emphasizing the need for responsible gambling measures.
- The gambling industry's robust financial growth in Denmark is not limited to online casinos; 2024 witnessed a significant rise in total GGR, with online casinos leading the revenue generation, underscoring the crucial role of the casino-and-gambling sector in the general-news landscape.
