Written by:
Rosalie Gibson
Gambling & Crypto Writer
Starting in 2020, in Denmark, customers of legal online gambling operators will be required to set deposit limits for themselves for periods of one day, week and month. Such an order was issued on the eve of the Danish gambling regulator Spillemyndigheden.
This proposal, aimed at combating the gambling problem, was published by the regulator in January of this year. At the same time, the leading Danish online operator Danske Licens Spil did not wait for Spillemyndigheden to issue an official directive and introduced limits on the deposits of its customers from July 1.
Another innovation that will be carried out by order of the regulator will be the obligatory placement on the operator’s website of a direct link to the self-exclusion registry that will allow players to immediately add to this registry, rather than send emails with the corresponding request, as was done earlier. In addition to this, the regulator has established uniform requirements for operators on the conditions for providing players with bonuses, determining the amount of the wagered amount they’re sure to rely on.
In addition, the licensees were obliged to store information on all customer transactions for five years, as well as develop internal rules and conduct training for staff in order to deal with the gambling problem.
As we have been informed, in early December, the Danish government published a bill that includes raising the online gambling tax rate from the current 20% to 28% of revenue.
Authorities noted that land-based gaming operators are already paying much higher tax rates of 45% for casinos and 41% for slot machines operating outside the casino, as well as additional taxes on income over certain amounts.
A new tax will be introduced in 2021. The government expects the increase will bring an additional 150 million Danish kroner. At the current exchange rate, this amount corresponds to 20.1 million euros.
It should also be recalled that a tax rate of 20% was set for online operators in 2012 when the online gambling market was legalized in the country.
In the third quarter of 2019, Denmark’s gross gambling income (GGR) was 1.61 billion Danish kroner.
Earnings from online casinos reached 567 million kroons, which is 22 million kroons more than the same period last year.
The share of online sports betting in total gambling revenue was 38.83%. Bets made using a mobile phone dominate with a share of 49.3%, significantly outstripping rates at PPPs (33%) and bets made from personal computers (17.6%).