Zona de Azar Sweden – Swedish Gambling Revenue Up 4.7% to US $699.6m

Sweden.- November 24th 2021 www.zonadeazar.com The latest figures from Sweden’s gambling regulator Spelinspektionen reveal a 4.7% increase in betting and gaming revenue for the third quarter of 2021.

Revenue – total players’ wagers minus winnings paid out – for the quarter climbed 4.7% year-on-year to SEK6.3bn (£523.6m/€622.1m/$699.6m). While this represented an improvement on the SEK6.04bn recorded for Q3 2020, it was down it was down 3.0% from SEK6.5bn in the second quarter of the current year.

Commercial online betting and gambling revenue accounted for SEK3.91bn of this total, up 5.4% on last year and representing 61.8% of Q3 turnover.

State lottery and land-based slot machine revenue fell 5.7% to SEK1.39bn, while revenue from charitable lotteries increased by 4.2% to SEK803m.

For the first time since the novel coronavirus (Covid-19) struck, Spelinspektionen reported revenue from Casino Cosomopol’s land-based operations, with the Svenska Spel subsidiary reopening its doors. Casino revenue for the quarter reached SEK132m.

Charity bingo games revenue edged down 2% to SEK46m, while revenue from the land-based commercial games segment, including restaurant casinos, declined 47% to SEK47m.

A total of 95 operators were active during the quarter, while by the end of the period, some 65,500 consumers had self-excluded from gambling through the Spelpaus.se program.

Edited by: @MaiaDigital www.zonadeazar.com