Spelinspektionen Release 2020 Gaming Revenue Figures

Licensed gaming firms in Sweden earned SEK 24.68 billion (£2.10 billion) in 2020, down 0.4 percent from SEK 24.79 billion (£2.11 billion) in 2019, as digital reversed much of the declines in the country’s land-based market.

Q4 sees highest performance

According to estimates released by the Spelinspektionen, the fourth quarter’s performance of SEK 6.79 billion (2019: SEK 6.65 billion) was the highest quarterly performance of the year, ahead of SEK 6.04 billion (2019: SEK 5.96 billion), SEK 5.91 billion (2019: SEK 6.11 billion), and SEK 5.94 billion in the first quarter (2019: SEK 5.99bn).

Online betting and casinos, as well as Svenska Spel’s lottery and Vegas slots lines, had their best quarters of the year, bringing in SEK 4.19 billion (2019: SEK 3.65 billion) and SEK 1.54 billion (2019: SEK 1.73 billion), respectively.

Charitable lotteries saw a 7.9 percent increase in Q4 to SEK 982 million (2019: SEK 910 million), while bingo saw a 24.1 percent drop to SEK 44 million (2019: SEK 58 million) and restaurant casinos saw a 51.5 percent drop to SEK 32 million (2019: 66m).

Growth in digital economy

The regulator claims that the country’s digital economy grew by 8% last year, with sales of SEK 15.15 billion (£1.29 billion) up from SEK 14 billion (£1.19 billion).

State-owned lottery and slot machines brought in SEK 5.43 billion (£463.8 million), down 8 percent from SEK 5.91 billion (£504.8 million), with the Casino Cosmopol land-based casinos bringing in SEK 196 million (2019: SEK 975 million), up entirely in Q1 due to COVID-19 constraints.

The year’s total for charitable lotteries was SEK 3.55 billion (2019: SEK 3.41 billion), bingo was SEK 182 million (2019: SEK 234), and restaurant casinos were SEK 166 million (2019: SEK 229m).

Gambling suspensions

The Spelinspektionen estimates that a little over 59,000 people were suspended for gambling through Spelpaus.se at the end of the fourth quarter.

At the beginning of March 2021, the figure had risen to almost 61,000, representing a six percent growth from the previous quarter.

Companies operating outside of the Swedish licencing scheme earned between SEK 613m and SEK 724m in sales during the fourth quarter, according to H2 Gambling Capital. For the year, this estimate increases 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.