Sweden records SEK 6.75bn Q2 revenue as betting turnover remains steady

Sweden records SEK 6.75bn Q2 revenue as betting turnover remains steady

Article brief provided by SBC News
  • Ted Orme-Claye, SBC News
October 6, 2022 5:45 PM
  • Ted Orme-Claye, SBC News

The Spelinspektionen, Sweden’s Gambling Inspectorate, has revealed national gambling revenue for Q2 2022, which totalled SEK 6.75bn [$606m].

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This represents a 4% YoY improvement on 2021 Q2 figures of SEK 6.5bn, and a £% quarterly increase from Q1 (SEK 6.55bn).

However, although indicative of long-term growth, this did mark a downward trend on Q4 figures of SEK 7bn (€644.9m), a decline of 3.7% – the performance during this period was the best quarterly performance of the past year.

Online betting and gaming revenue stood steady at SEK 4.22bn (€3.8bn), the exact same figure as the previous quarter, and aYoY increase on 2021 Q1 results of SEK 4.1bn (€3.7bn).