Swedish Gambling Market Sees SEK 6.7bn Q1 Turnover Surge: Insights & Trends

Swedish-licensed gaming enterprises disclose SEK 6.7 billion in Q1 revenue, according to a preliminary report from Spelinspektionen, showcasing a 1% uptick in total turnover compared to the previous year.

In the first quarter of 2024, gaming entities holding Swedish licenses recorded a collective turnover of SEK 6.7 billion ($623 million). This represents a marginal increase of slightly over 1% compared to the corresponding period in the previous year, although these figures remain subject to finalization.

Of particular significance is the noteworthy contribution of commercial online gaming to this overall turnover, generating SEK 4.2 billion. This milestone marks the highest recorded turnover for the first quarter since the inception of the licensing framework in 2019, underscoring the escalating dominance of online gaming within the Swedish market.

During this quarter, the closure of the state-owned Casino Cosmopol establishments in Gothenburg and Malmö significantly impacted the revenue generated from state-run casino games.

Furthermore, the number of individuals voluntarily excluding themselves from gambling activities through Spelpaus.se, Sweden’s national self-exclusion registry, surged to nearly 110,000 by the end of the first quarter. This represents a notable 6% increase compared to the previous quarter, reflecting a growing awareness and utilization of self-exclusion resources among Swedish gamblers.

These statistical insights offer a glimpse into the evolving landscape of the Swedish gambling industry, characterized by a discernible shift towards online platforms.

In related developments, Spelinspektionen unveiled new initiatives aimed at addressing match-fixing and illicit gambling operations earlier this month. These initiatives encompass the implementation of two distinct projects designed to combat unethical and unlawful gambling practices.