Swedish gambling revenue rises 5% in 2022

Swedish gambling revenue rises 5% in 2022

Article brief provided by iGaming Business
  • Zak Thomas-Akoo, iGaming Business
March 14, 2023 7:19 PM

Operators with a Swedish gambling licence reported SEK27.4bn ($2.6bn) in revenue in 2022, a 5.1% rise from the previous year.

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According to preliminary data provided by the Swedish regulator Spelinspektionen, the online segment grew 6% to SEK1.7bn compared to the SEK1.6bn the sector achieved in the same period the previous year. However, state lottery and slot machines reported relatively stable year-on-year totals, receiving SEK5.8bn in revenue in both 2021 and 2022.

Due to a number of restrictions imposed during the Covid-19 pandemic – including the imposition of temporary gambling responsibility measures, as well as the closing of the state-owned Casino Cosmopol for parts of the year – the numbers achieved in 2022 reflect the normalisation of the sector as the first full year since 2020 which was not characterised by gambling restrictions.