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.
