Home » Swedish-licensed gambling companies report SEK 6.7bn Q1 turnover

Swedish-licensed gambling companies report SEK 6.7bn Q1 turnover

While the figures are preliminary, the report released by Spelinspektionen indicates a 1% increase in total turnover compared to last year.

Gaming companies with a Swedish licence reported a total turnover – players’ stakes minus paid winnings – of SEK 6.7bn ($623m) in the first quarter of 2024.

This marks an increase of just over 1% compared to the same period last year, although the figures are preliminary.

Commercial online gaming contributed significantly to this turnover, generating SEK 4.2bn. This figure represents the highest turnover for the first quarter since the introduction of the licensing system in 2019.

This substantial contribution from commercial online gambling underscores its growing dominance within the Swedish market.

Notably, during this quarter, the state-owned Casino Cosmopol locations in Gothenburg and Malmö were closed, which impacted the turnover from state casino games.

Additionally, the number of people banned from gambling through Spelpaus.se, Sweden’s national self-exclusion register, rose to just under 110,000 by the end of the first quarter.

This is an increase of 6% compared to the previous quarter, indicating a growing awareness and use of self-exclusion tools among Swedish gamblers.

These statistics reflect the current nature of the Swedish gambling market and highlight a notable shift towards online platforms.

In related news, Spelinspektionen released new measures on match-fixing and illegal operations at the start of the month. The announcement entailed the launch of two different projects that were designed to tackle unethical and illegal gambling activities.