Swedish gambling revenue up 10.2% year-on-year

Swedish gambling revenue up 10.2% year-on-year

Swedish gambling revenue for the second quarter reached €637.8m.

Sweden.- Gambling revenue in Sweden reached SEK6.51bn (€637.8m) for the three months ending June 30, an increase of 10.2 per cent year-on-year and 4.8 per cent against the previous quarter.

According to figures from the regulator Spelinspektionen, revenue from online casino games and sports betting increased 13.9 per cent year-on-year to SEK4.11bn, making up the bulk of revenue. State lottery and land-based slots revenue rose 9.3 per cent to SEK1.41bn.

See also: Sweden’s AB Trav och Galopp reports increased revenue for H1

Revenue from charitable lotteries remained very much steady at SEK939m, while revenue from charity bingo games rose by 15.8 per cent to SEK44m. 

However, land-based commercial gaming revenue, which includes restaurant casinos, was down 85.3 per cent year-on-year to SEK5m. The land-based Casino Cosmopol chain generated no revenue at all for a fifth consecutive quarter due to Covid-19 restrictions. The state-controlled monopoly only began to reopen venues in July.

See also: Sweden extends online casino deposit limit

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