Swedish gambling turnover drops 1.2% year-over-year in Q3

Thursday, November 14, 2024 8:20 PM
Photo:  Casino Cosmopol flickr photo by Per Olof Forsberg shared under a Creative Commons (BY) license
  • Viktor Kayed, SBC News

The total turnover of Swedish gambling companies with a license reached a total of SEK 6.7bn [$620m] for this year’s Q3.

Reported by the country’s gambling authority Spelinspektionen, turnover was down 1.2% from the July-September figures in 2023 (SEK 6.705bn), and included player bets minus the paid winnings. It’s important to note that the numbers are preliminary.

Additionally, the end of the third quarter saw around 118,000 people self-excluded via Sweden’s self-exclusion scheme Spelpaus.se. This constituted a 5.9% QoQ increase.

Divided into license types, turnover from commercial online gambling (igaming) and betting reached SEK 4.331bn [$393.9m] compared to Q3 2023’s SEK 4.269bn [$388.5m]. State lottery and slot games brought a combined turnover of SEK 1.362bn. Games for public purposes, e.g. national lotteries, were capped at SEK 818m.