Swedish gambling revenue up 4.7% in Q3

According to Sweden’s gambling regulator, revenue hit €622m for the quarter.

Sweden. The national gambling regulator Spelinspektionen has reported that revenue from the regulated market rose 4.7 per cent year-on-year to SEK6.3bn (€622m) for the third quarter. The figure was down 3 per cent compared to Q2.

Online betting and gambling revenue totalled SEK3.91bn, increasing by 5.4 per cent year-on-year.

State lottery and land-based slot machine revenue was down 5.7 per cent at SEK1.39bn, but Svenska Spel’s Casino Cosmopol chain of land-based casinos reported revenue for the first time since the start of the Covid-19 pandemic at SEK132m. Revenue from other land-based gaming venues including restaurant casinos fell 47 per cent to SEK47m.

Charitable lottery revenue rose 4.2 per cent to SEK803m, while charity bingo game revenue fell 2 per cent to SEK46m. Spelinspektionen reported that 95 operators were active in Q3 and that 65,500 people were self-excluding via Spelpaus.  

Sweden’s online casino restrictions, which included a SEK 5000 (€490) deposit limit and SEK100 limit on bonuses, came to an end on November 14, so all eyes will be on what impact that may have in the final quarter.

See also: Regulator orders Nero Media to stop targeting Swedish players