BetMGM now available in Sweden
LeoVegas Group has expanded its BetMGM brand to Sweden, targeting the third international market for the platform following successful debuts in the UK and the Netherlands.
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Spelinspektionen reports 1.2% turnover declines in Q3
The Swedish Gambling Authority, Spelinspektionen, reported a Q3 turnover decline of SEK 6.7bn (£479.7m) from licensed Swedish gambling companies.
Sweden, a Scandinavian country where gambling is legal, saw a slight 1.2% turnover decline in Q3 2024 when compared to the same period of 2023. In Q3, commercial online gambling and betting reached SEK 4.331bn (£309.8m), while state lottery and slot games reached SEK 1.362bn (£97.4m). Public-purpose games, such as national lotteries, generated SEK 818m (£58.4m). Community games and bingo generated SEK 50m (£3.5m), and land-based commercial gaming generated SEK 63m (£4.5m).
Almost 118,000 individuals had self-excluded via the Spelpaus.se scheme by Q3’s end. This is an increase of 5.9% when compared to the previous quarter, Q2.
The lowest turnover in Sweden
Casino Cosmopol, a subsidiary of state-owned Svenska Spel, reported the lowest turnover at SEK 31m (£2.1m). Moreover, the casino chain saw an 11.4% decline in turnover in Spelinspektionen’s December 2023 report, with closures of its Sundsvall, Gothenburg, and Malmö locations.
FAQs
Is gambling legal in Sweden?
Gambling is legal in Sweden but is regulated under strict laws.
What is the legal gambling age in Sweden?
The legal gambling age in Sweden is 18.
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