Swedish 2020 GGR steady as online growth offsets land-based decline

Swedish 2020 GGR steady as online growth offsets land-based decline

Article brief provided by iGaming Business
  • Daniel O'Boyle, iGaming Business
March 3, 2021 4:00 AM
  • Daniel O'Boyle, iGaming Business

Gambling revenue in Sweden came to SEK24.69bn (£2.11bn/€2.44bn/$2.93bn) in 2020, down just 0.4% from 2019, as online growth cancelled out declines in the land-based sector.

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Online betting and gaming made up SEK15.16bn of this total, up 8.1% year-on-year.

Svenska’s Spel’s Tur state lottery and Vegas line of slot machines saw revenue fall by 8.1%, to SEK5.44bn.

The state-owned operator’s Casino Cosmopol land-based casinos, the only such venues in the country, were closed for the vast majority of the year to limit the spread of the novel coronavirus (Covid-19). As a result, revenue was down 79.9% to just SEK196m.

Charitable lotteries brought in a further SEK3.55bn, up 4.0% while bingo revenue was down 21.9% to SEK182m. Restaurant casinos brought in SEK166m, down 26.9%.

Spelinspektionen added that, according to analysis from H2 Gambling Capital, unlicensed gambling operators’ revenue from Sweden fell between SEK2.4bn and SEK2.8bn.