SWEDEN’S GAMBLING MARKET GROWS 5% IN THIRD QUARTER OF 2021
Sweden’s regulated betting and gaming market has seen net sales increase by 5 per cent to SEK6.33bn (€622.9m) during the third quarter of 2021.
The year-on-year growth was driven by continued growth from the online casino and sports betting segment and the first contributions from land-based casino operations (Casino Cosmopol) in over a year.
SWEDEN GAMBLING MARKET COMPARISON: Q3 2021 (SEK)
|Q3 2021||Q3 2020||% Change|
|Commercial Online Gaming and Sports Betting||3,909m||3,700m||6%|
|State Lottery and Slot Machine Games||1,387m||1,474m||(6%)|
|Other Non-Profit Lotteries||803m||771m||4%|
|Retail Bingo Halls||46m||47m||(2%)|
|Retail Commercial Gaming||47m||49m||(4%)|
Net sales from licensed online casino and sports betting operators climbed 6 per cent to SEK3.91bn during Q3, with the segment now accounting for 62 per cent of the total Swedish market.
According to the latest data from the Swedish tax authority, net sales from the state lottery and Vegas slot machine games fell by 6 per cent versus a year ago to SEK1.39bn, while net sales from other non-profit lotteries grew 4 per cent to SEK803m, offsetting a marginal decline in net sales from retail bingo halls to SEK46m.
The Swedish gaming market was boosted by increased contributions from the land-based sector as Covid-19 restrictions were eased across the country. As a result, retail commercial gaming (including restaurant casinos) contributed SEK47m in net sales during the quarter, its best performance since a year ago, while land-based casino operations (Casino Cosmopol) generated net sales of SEK132m, having generated no revenue for the past five consecutive quarters.
At the end of the quarter, there were 95 companies holding active gaming licenses in the Swedish market, 65 of which are licensed to offer commercial online gaming and sports betting.
Nearly 65,500 people had excluded from gambling using the national exclusion register Spelpaus by the end of Q3, an increase of 2 per cent versus the previous quarter.
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