iovation2019.png
iovation2019.png
iovation2019.png
CLOSE
× Gambling News In-Depth iGaming Calendar Connections GI Friday Trafficology GI Magazine GGA 2019 AffiliateCon
NEWS 9 November 2018

Unlicensed operators drive gaming revenue growth in Swedish market

By Matthew Enderby

The Swedish gaming regulator has reported gross gaming revenue of SEK16.8bn ($1.8bn) in the first three quarters of 2018, an increase of 1% in year-on-year figures.

Operators with Swedish permits reported revenue of SEK12.2bn, a drop of 2%, while those without Swedish permits saw a rise of 12% to SEK4.5bn.

State-run gaming operator Svenksa Spel saw revenue of SE 6.4bn for the period, a drop of 2%. The contribution from land-based gaming dropped by 9%, while the online sector grew by 23%.

At ATG, the Swedish Racing Totalisator Board, gaming revenue of SEK3.1bn was announced, a drop of 0.4%, with land-based operating revenue falling by 10% and online rising by 7%.

IOGT-NTO dropped the furthest, by 25%, to SEK171m. Of the non-governmental organisations, the Swedish Postcode Association had the highest revenue; it announced a drop of 5.1% but gross revenue of SEK1.6bn.

Online gambling’s contribution to the country’s overall gaming revenue grew by 13%, while land-based dropped by 8%.   

Sweden’s re-regulated, open market is scheduled to launch on 1 January 2019. A government report planned for October 2020 will detail the effect of liberalising the market.

RELATED TAGS: Online | Land-Based | Legal & Regulatory | Financial
DISCUSS THIS ARTICLE
IN-DEPTH 18 March 2019
No need for sports lotteries

Charles Gillespie, CEO of Gambling.com Group, argues that US states would be better off privatising sports betting markets

READ MORE
PREMIUM CONNECTIONS
VNE