Is Online Gambling Legal In Denmark
Proposed Danish Rules Hit a Snag
From the CAP News page:
October 14, 2009 (CAP Newswire) -- Perhaps serving as a cautionary note to excitement over the imminent opening of the French market, fellow EU nation Denmark is experiencing a bit of controversy involving the implementation of its own set of new online gaming laws.
The original plan was to enact online gambling laws that more closely follow the EU's rules, which are designed to create a level playing field among all the European nations.
The laws drafted were reviewed earlier this year; after a three-month period of review, the European Commission decided to impose an even longer waiting period for further review. Reportedly, that’s because the laws did not fully comply with the guidelines they were designed to follow.
Still, the signs are good that Denmark, like France, legitimately wants to move away from its existing state-owned monopolies and into a system that would allow foreign operators to enter its markets -- great news for international online gaming companies, as well as online gambling affiliates with international ambitions. And, although Denmark isn’t quite there yet, it is hoped that the delay will ensure a more fair system when it does indeed get approved.
Thanks to Online-Casinos.com for the tip; read more here.
- Denmark’s online gambling market is also growing as the years go. Even though the market is partially freed up or liberalized, it has great provisions for an array of online gaming activities including betting and lotteries.
- Gambling is legal in Denmark and as long as a player is at least 18, they are free to place bets at land-based and online establishments. Danish gamblers have a wide variety of options when it comes to betting. There are several brick and mortar casinos, Danske Spil outlets, and numerous online operators. Does Denmark Tax Gambling Winnings?
The green light has been received from the European Commission on a package of amendments to Denmark’s online gambling legislation, and it is set to introduce a number of significant modifications to the current legislation by the end of 2015.
Among the very few countries in Europe that seems to have found a successful formula for regulating the gambling industry, Denmark has recently reported a rise of the total gross gaming revenues, with a two-percent growth in 2014 compared to 2013.
With a positive outlook in sight, the Danish authorities have decided to amend the current legislation by strengthening the measures in place against money laundering, modifying the taxation applied to licensed gambling operators, and by creating a new license specifically targeted to daily fantasy sports (DFS) operators.
In 2012, the Danish Gambling Act modernized Denmark’s approach to online gambling, which until that time had been the exclusive province of the government monopoly Danske Spil (Danish Lottery). Even today, the national lottery retains the exclusive license to sell luck-only items such as scratch cards and lottery tickets.
Once approved, the amendments will introduce a differentiation between operators based on their yearly revenues which will lead to an increase in the licensing costs for the licensed companies who generate revenues for more than KR100 million ($16 million) a year, and a decrease for those who do not go over the KR100 million roof.
As PokeFuse reported, the legislative changes will not affect the gaming taxes, as online gambling will still be subject to a high 28-percent corporation tax along with a 20-percent tax on their gross gaming revenues.
According to the Danish legislator, this new system could lead to a further growth of the industry and also facilitate the entrance of new operators in the country legislated market.
To date, the sites that offer online gambling services in Denmark with a regular State-issued license are PokerStars, bwin, partypoker, Unibet, Danske Spil, Betsson, NordicBet, ParadisePoker, and Scandic Bookmakers.
A recent report provided by the Danish gaming regulator Spillemyndigheden showed that these nine online gaming operators in Denmark realized an estimated DKK 2.855 billion ($400 million) in gross gaming revenue, representing a big 20-percent growth from the DKK 2.375 billion reported in 2013, and an even bigger 40-percent growth when compared to the DKK 2.045 billion ($330 million) in revenues in 2012.
The reform of Denmark’s Gambling Act, the first one since the set of norms was approved in 2012, will also allow the operators who already possess a license to renew it at a lower cost, and will create a new DFS-specific yearly license which cost has not been made public yet.
Image courtesy of FreeImages.com
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