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NEWS 5 March 2020

Swedish-licensed operators see 2019 turnover of SEK 24.8bn

By Owain Flanders

The Swedish Gambling Authority (SGA) has reported that gaming companies with a Swedish license generated turnover of SEK 24.8bn ($2.62bn) for the full year 2019.

Commercial online games and betting and games on ships in international traffic had the highest turnover, with a total of SEK 14.03bn for the full year.

State lottery and vending machines generated the second highest turnover, at SEK 5.9bn.

Total turnover for the fourth quarter was SEK 6.7bn, the highest total of the year and a rise of 12% from the previous quarter.

The figures are preliminary and largely based on information from the Swedish Tax Agency.

Information from H2 Gambling Capital estimates that SEK 580m – 690m was played with companies who did not have Swedish licenses during Q4, although exact figures are not available.

At the end of the quarter, more than 48,000 people had self-excluded through the SGA’s national self-exclusion scheme, Spelpaus, an increase of 16% from Q3.

In March 2020, 96 companies have active gaming licenses in the Swedish market, with 70 of these companies licensed for betting or commercial gaming online.

The SGA concluded that based on the data, turnover in the Swedish market has increased significantly in 2019 in comparison to the previous year, although this could be because estimations of turnover for unlicensed operators prior to re-regulation was too low.

RELATED TAGS: Online | Industry | Legal & Regulatory | Financial | Lottery | Casino
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