SGA Reveal 5.1% Revenue Rise As Digital Offsets Land-Based Closures

Licensed gaming companies in Sweden produced revenue of SEK 6.24 billion (£529.93 million) in the first quarter of this year, up 5.1 percent from SEK 5.94 billion (£504.48 million) in 2020.

According to figures published by regulator Spelinspektionen, online betting and gambling, as well as Svenska Spel’s lottery and Vegas slots, saw rises of 7.7 percent and 24 percent, respectively, to SEK 3.93 billion (2020: SEK 3.65 billion) and SEK 1.39 billion (2020: $1.12 billion).

Charity lotteries were less than half a percentage point lower in the fourth quarter, at SEK 858 million (2020: SEK 861 million), with bingo down 15.3 percent to SEK 44 million (2020: SEK 52m).

Restaurant casinos ended the quarter 88.4 percent lower at SEK 6 million (2020: SEK 52 million), with the Casino Cosmopol land-based casinos remaining closed during the quarter and showing a null result.

Gambling suspensions

Nearly 63,000 people were suspended for gambling through at the end of the first quarter, according to the regulator. This represents a rise of slightly more than 6 percent over the previous quarter. By the middle of May 2021, the figure had risen to nearly 64,000.

In May 2021, there were 101 active licences on the Swedish market (licenses for non-profit purposes not included). 71 of them had online betting and/or commercial gaming licences.

H2 Gambling Capital reported earlier this year, after the release of Q4 and FY 2020 estimates, that companies outside the Swedish licencing system earned between SEK 613m and SEK 724m in revenue during the fourth quarter. For the year, this estimate increased to SEK 2.4bn-2.6bn.

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About Joe Kizlauskas

Joe is a seasoned iGaming copywriter and speaker who has been in the business since 2015. He's written more words on all elements of iGaming than he likes to remember, and he's contributed material to a number of well-known brands. Joe may be seen playing 5 a side, at the gym or playing games on his Playstation when he is not writing.