Swedish players increase FY24 gaming turnover by 3% to SEK 27.8bn

Key points:

– Swedish turnover increased by 3% to SEK 27.8bn ($2.6bn)

– Commercial online and betting grew by 5% to SEK 18bn

– By the end of the year, 120,600 were signed up to Spelpaus, marking an increase of 3%

Spelinspektionen, the Swedish Gambling Authority, has published its Q4 and FY24 reports.

Q4

During the final quarter of the year, the Swedish gaming market saw a turnover of SEK 7.6bn, which is an increase of 8% when compared to the same period in the year prior and a 14% increase from Q3.

Online gaming and betting grew by 6% to SEK 4.6bn, while land-based gambling grew 9% annually to SEK 63m.

State lottery and games increased by 19% to SEK 1.7bn while public lotteries saw a smaller growth of 5% to SEK 1.1bn.

Casino Cosmopol continued its downward trend, going from SEK 92m in Q4 2023 to SEK 31m in Q4 2024.

FY24

Overall turnover for 2024 was SEK 27.8bn, a 2.5% increase compared to results from the year prior.

Online gaming and betting grew by 3.5% to SEK 17.8bn, while land-based gambling increased by a marginal 4% to SEK237m.

State lottery and games saw a 2% increase to SEK 5.7bn and public lotteries grew by 2.5% to SEK 3.7bn.

The largest difference, understandably, was once again Casino Cosmopol – turnover fell 66% to SEK 160m.

The Spelinspektionen also revealed that by the end of the year, around 120,6000 people were registered on Spelpaus, the self-exclusion service in the country.

This represented a 3% increase throughout the final quarter of the year.

However, earlier today, the Swedish Government announced it would be reviewing the country’s Gambling Act, with the aim to tighten certain regulations.

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Megan Elswyth

Business Journalist

Megan Elswyth is a business journalist and Staff Writer at Gambling Insider, where she has been reporting since February 2023. She specialises in researching complex commercial topics, analysing industry trends and interviewing senior executives to deliver insightful journalism for a professional B2B audience.

Megan’s coverage spans financial reporting, regulatory developments, SEC filings and key business developments shaping the global gambling and iGaming landscape. Her work combines rigorous analysis with clear storytelling, helping readers understand the financial, strategic and operational dynamics driving the industry forward.

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