Sweden’s gambling authority, Spelinspektionen, has released its latest financial report revealing that licensed gambling operators generated SEK 7.1 billion ($686.5 million/€633 million) in Q4 of 2023.
Online gambling was the market leader with 62.7% of all 2023 gambling revenues
According to the report this represents a 5.9% increase on the previous quarter, but a 1.3% decrease on the corresponding reporting period in 2022. Q4 was the most successful quarter of the year by revenues.
This brings the total revenue figure for the calendar year 2023 to SEK 27.1 billion ($2.6 billion/€2.4 million), decrease of just over 1% compared to 2022.
Online Gambling
Commercial online gambling including both online casino gaming and sports betting providers were the market leaders with just under SEK 4.4 billion ($425.6 million/€392.3 million) in Q4, a slight increase on Q4 2022’s figure. The yearly total for 2023 came to SEK 17 billion ($1.6 billion/€1.5 million) in combined revenues. This marked a slight drop 0.6% when compared to the previous year. In 2023, online gambling accounted for 62.7% of all revenues in the industry.
In-Person Gambling
State lottery and in-person slot games generated SEK 1.4 billion ($135.4 million/€124.8 million) in revenue for the quarter, down by 17.1% year-on-year. This brings the yearly total to SEK 5.5 billion ($532.1 million/€490.6 million), a decrease of 3.6% compared to 2022.
State casino gambling through Casino Cosmopol generated revenues of SEK 92 million ($8.9 million/€8.2 million) in Q4 2023, a decrease of 33.8% compared to Q4 2022. The yearly total for 2023 was SEK 475 million ($45.9 million/€42.3 million), down by 12.8% compared to 2022.
The report also reveals that by the end of Q4, approximately 104,000 people had self-excluded from gambling through the national self-exclusion program Spelpaus.se. This was up by 5% compared to the previous quarter.
Gambling industry journalist with a background in online poker and trading. Covering the regulated U.S Sports industry and the exciting world of online poker.