The gambling market in Denmark was worth DKK10.3bn (£1.2bn) in gross gaming revenue in 2023, a drop of DKK179m (£20.5m) – one per cent – from 2022.

The latest report from the Danish Gambling Authority also revealed that the channelisation rate rose by one per cent year-on-year, from 89.2 per cent to 90.2 per cent.

The regulator, Spillemyndigheden, said lotteries were the largest gambling vertical in Denmark in 2023, accounting for DKK3.5bn (£401.4m), or 34 per cent of the market.

Online casinos and betting made up 51 per cent of the market; the former vertical was worth DKK3.1bn (£355.5m) – 30 per cent – and betting accounted for DKK2.2bn (£252.3m), 21 per cent.

Land-based casinos accounted for DKK362m (£41.5m), four per cent of the market, with gaming machines taking up 11 per cent of the market – DKK1.2bn (£137.6m).

The Danish Gambling Authority added that 64 per cent of the total 2023 GGR came from online gabling, an increase of 33 percentage points from 2012.