Swedish gambling revenue up 4.7% to $697M in Q3

Swedish gambling revenue up 4.7% to $697M in Q3

Article brief provided by iGaming Business
  • Robert Fletcher, iGaming Business
November 23, 2021 10:58 PM
  • Robert Fletcher, iGaming Business

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.

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Revenue – total players’ wagers minus winnings paid out – for the quarter climbed 4.7% year-on-year to SEK6.3bn ($696.8m). 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.