Sweden’s gambling authority, Spelinspektionen, has released its latest financial report revealing that gambling operators generated SEK 6.7 billion ($602.8 million/€562.8 million) in Q2 of 2023.
Online gambling accounted for 62.4% of all revenues
According to the report this represents a minor decrease of just over 1% when compared to the SEK 6.77 billion ($609.1 million/€568.7 million) reported in Q2 2022. However, Q2 also marked a 1.7% increase on the previous quarter’s revenue total of SEK 6.583 billion ($592 million/€552.7 million).
Commercial online gambling including both online casino gaming and sports betting generated the lion’s share of revenues with SEK 4.18 billion ($376.1 million/€351.1 million) reported by iGaming companies. This accounted for 62.4% of all gambling revenues. It also represented a slight decrease on the previous quarter and a 1.1% decrease on Q2 2022. So far this year, online gambling operators have generated SEK 8.36 billion ($752.2 million/€702.2 million) in revenues.
State lottery and in-person slot games generated SEK 1.39 billion ($125 million/€116.7 million) in revenue for the quarter. This was a 2.9% increase over the previous quarter but a 1.6% decrease on Q2 2022. This brings the year-to-date total for 2023 to SEK 2.75 billion ($247.4 million/€230.9 million).
The 2023 year-to-date total for gambling revenues now stands at SEK 13.2 billion ($1.18 billion/€1.1 billion).
The report also reveals that by the end of Q2, approximately 95,000 people had self-excluded from gambling through the national self-exclusion program Spelpaus.se. This represents a 1.4% increase on the previous quarter.
Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.