SBC News Voice of the Sports Betting Industry
The total turnover of Swedish gambling companies with a licence reached a total of SEK 6.7bn (£479.7m) 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 licence types, turnover from commercial online gambling (igaming) and betting reached SEK 4.331bn (£309.8m) compared to Q3 2023’s SEK 4.269bn (£305.3m).
State lottery and slot games brought a combined turnover of SEK 1.362bn (£97.4m). Games for public purposes, e.g. national lotteries, were capped at SEK 818m (£58.4m).
Community games and hall bingo raked in SEK 50m (£3.5m), while land-based commercial gaming stood at SEK 63m (£4.5m).
The lowest turnover was generated by Casino Cosmopol operations – a total of SEK 31m (£2.1m).
Casino Cosmopol is a subsidiary of state-owned operator Svenska Spel. It has been gradually underperforming, with the most stark example shown in Spelinspektionen’s December 2023 financial report, where Casino Cosmopo’s turnover fell by 11.4%.
Several internal reviews of the casino saw its venues in Sundsvall, Gothenburg and Malmö closing down. There is one more still standing in Stockholm, but that could also follow a similar fate if profits keep dropping down.
