It has been announced that from the beginning of 2020, players in Denmark will have to set mandatory deposit limits.
These limits will apply to online casino and can either be monthly, weekly or daily.
Regulatory changes in Denmark: key facts
The country’s gambling operator, Spillemyndigheden has put more changes forward too. These comprise gambling ad controls and providing information for problem gamblers. Also, licensed operators must offer a link to ROFUS, the Danish self-exclusion database.
Speaking of self-exclusion, players must be able to do this straight from operators’ websites. Also, companies will have to offer relevant training to staff, besides creating their own internal set of rules.
Licensees must also display Spillemyndigheden’s logo on their website to show that regulators have authorized a brand’s operations in Denmark.
Restructuring online casino in other areas
As reported by affiliateinsider.com, these newest changes come shortly after iGaming tax changes were announced for Scandinavia’s southernmost country. Operators will have to pay 28% of their gross gaming revenue (GGR) from 2021. The current rate is 20%.
Since online gambling in Denmark was legalized back in 2012, these changes are the first to tax.
Online operators will owe the government a lower percentage than land-based outlets. Brick-and-mortar casinos are required to pay 45% GGR, plus an extra 30% on revenue beyond 4 million Danish Kroner.
Online gambling in Denmark
Online gambling revenue in Denmark grew 6.1% year-on-year in Q2 2019 according to the most recent statistics. While sports betting still is the most profitable vertical, online casino wasn’t far off surpassing it.
Overall, DKK1.73bn (£210.2m / €232.0m / $256.1m) was generated. During this stage mobile gaming accounted for 50.27% of revenue, surpassing half for the first time.
