The Danish state-owned lottery Danske Spil has published its financial results for H1 of FY2021, revealing sales and profits have grown slightly year-on-year.
Revenue for the period ending June 30 totalled DKK2.34bn, up 1.6% from last year’s total of DKK2.3bn.
The rise in revenue comes despite the closures of land-based casinos and physical retail outlets due to the COVID-19 pandemic. In turn, revenues of online gaming and lotteries grew to make up the deficit.
Peter Christensen, Chairman of the Board, described the financial performance as “satisfactory”, adding that even though COVID-19 has had a “major role” in the period, the firm has managed to pay “DKK57.4m more in gaming fees” year-on-year.
Danske Lotteri Spil, the operator’s primary source of business, enjoyed revenue growth of 3.6% to DKK1.36bn. The firm attributes this to large jackpots throughout the year and an increase in online ticket sales due to COVID-19.
On another positive note, the lottery business saw over 10,000 new subscriptions throughout the first half of 2021 as the high jackpots enticed people to sign up.
“Compared to the first half of 2020, it has been a more common sports half year, which has provided more opportunities for sports betting. In addition, the lotteries have benefited from several large prize pools, especially for Lotto,” added CEO Nikolas Lyhne-Knudsen.