Gambling is an activity that has been around for centuries, and it is an activity that is enjoyed by many people around the world. In Europe, Denmark is one of the countries that has a long history of gambling. In recent years, Denmark has seen a significant increase in its gambling expenditure, making it one of the biggest gambling markets in Europe. In this article, we will take a look at Denmark’s gambling expenditure in Europe and provide an overview of the current situation.
According to the latest figures from the Danish Gambling Authority, Denmark’s gambling expenditure in Europe has increased significantly over the past few years. In 2018, the total expenditure on gambling in Denmark was estimated to be around €1.2 billion, which is an increase of 8.5% compared to 2017. This makes Denmark the second largest gambling market in Europe, behind only the UK.
The majority of Denmark’s gambling expenditure is on sports betting, with an estimated €890 million being spent on sports betting in 2018. This is followed by online casino games, with an estimated €200 million being spent on these games in 2018. In addition to this, there is also a significant amount of money being spent on lotteries and other forms of gambling.
The Danish Gambling Authority has also reported that the majority of the gambling expenditure in Denmark is coming from foreign sources. This is largely due to the fact that Denmark has a very liberal approach to gambling and does not impose any restrictions on foreign operators. This has allowed foreign operators to establish a strong presence in the Danish market and to take advantage of the large amounts of money being spent on gambling in Denmark.
Overall, Denmark’s gambling expenditure in Europe is increasing at a rapid rate. This is largely due to the liberal approach that Denmark takes towards gambling and the fact that foreign operators are able to take advantage of this. As a result, Denmark is now one of the biggest gambling markets in Europe and it looks set to remain this way for the foreseeable future.
