Spelinspektionen reports SEK6.6b market revenue in Q1
The Spelinspektionen has recently published a report detailing the performance of the Swedish gambling market in the year’s first quarter.
The headline figure of the report is a combined revenue of 6.566 billion kronor for Sweden’s licensed gambling operators, which is just a bit higher than the 6.56 billion krona revenue figure the market generated back in 2022’s first quarter. When compared to last year’s Q4, however, the market experienced a slight downturn from the latter’s 7.2 billion krona revenue.
Breaking down the figures by gambling type and vertical, the country’s online gambling operators generated the largest share of the combined total in the quarter at just over 4.18 billion kronor, which is slightly down year-over-year from 2022’s figure of 4.22 billion kronor. This was followed by state-owned retail gambling machines and lottery, which generated 1.36 billion kronor in Q1, up from the prior year’s 1.29 billion krona figure.
Charitable gambling was up next, generating about 850 million kronor in the quarter, with the country’s national lottery being responsible for the majority of this number at over 810 million kronor, while bingo halls generated under 40 million kronor in the year’s first quarter. Sweden’s commercial retail gambling operators came in last place, generating 47 million kronor in the period.
In recent months, the Swedish gambling regulator has received a number of enhancements, starting off with a funding boost back in early April, through which it has recently been granted the power to block transactions involving illegal gambling operators. Learn more about it here.