The sale of Danske Spil’s 60% stake in fantasy sports platform Swush contributed to an 11.1% year-on-year rise in net profit, while lottery growth offset weaker performances from its digital and gaming hall operations in Q1.
Group revenue at Danske Spil during the three months to 31 March hit DKK1.24bn ($178.3m), a 2.2% increase from DKK1.22bn in Q1 of last year. The Danske Lotteri Spil lottery business contributed the majority of revenue, rising 4.9% year-on-year to DKK711m.
Danske Spil said that this was helped by high jackpots in the Eurojackpot game, aided by changes such as additional draws taking place and higher jackpots.
As for other business units, revenue from Danske Licens Spil, which includes sports betting and online casino, fell 1.0% to DKK393.
