Sweden’s Digital Continues Growth In Q2

Licensed gaming companies in Sweden earned SEK 6.5 billion (£547.95 million) in the second quarter, up 4.2 percent from SEK 6.24 billion (£525.8 million) in the first quarter and 10percent more than SEK 5.91 billion (£497.7 million) in the same period last year.

However, this statistic, which shows that digital is continuing to grow, is down 4.1 percent from Q4 2020’s SEK 6.79 billion (£571.6 million), which was the highest revenue gain in the previous six quarters.

Online gaming and betting grew 4.4 percent year over year to SEK 4.11 billion (Q1 21: SEK 3.93 billion), as state lottery and slot machine games gained marginally to SEK 1.4 billion (Q1 21: SEK 1.39bn)

Q4 revenue for charitable lotteries increased 9.4percent to SEK 939 million (Q1 2021: SEK 858 million), with bingo remaining constant at SEK 44 million and land-based commercial gaming (including restaurant casinos) ending the quarter at SEK 5 million, the same figure as the previous quarter. Casino Cosmopol was once again closed for the duration of the reporting period.

Nearly 64,000 people were suspended for gambling via Spelpaus.se at the end of the second quarter, an increase of little under two percent over the previous quarter.

In June 2021, there were a total of 100 active licences on the Swedish market (non-profit licences excluded), with 70 of those licenced for betting and/or commercial online gaming.

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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.