By BBBB
Sweden’s gambling authority, Spelinspektionen, has released its latest financial report revealing that licensed gambling operators generated SEK 6.7 billion ($6826.9 million/€576.6 million) in Q1 of 2024.
Online gambling was the market leader with 63.6% of all gambling revenues in the quarter
According to the report this represents a 7% drop compared to the previous quarter, but a 1.5% increase on q1 2023.
Online Gambling
Commercial online gambling including both online casino gaming and sports betting providers were the market leaders with just under SEK 4.2 billion ($393 million/€3361.4 million) in Q1, a slight increase on Q1 2023’s figure of SEK 4.1 billion. In the first quarter of the year online gambling accounted for 63.6% of all revenues in the industry.
In-Person Gambling
State lottery and in-person slot games generated SEK 1.35 billion ($126.3 million/€116.1 million) in revenue for the quarter, down by less than 1% year-on-year, but a 6.2% drop compared to the previous quarter.
State casino gambling through Casino Cosmopol generated revenues of SEK 65 million ($6 million/€5.59 million) in Q1 2024, a significant decrease of 48.4% year-on-year. It was also a 29.4% decrease compared to the previous quarter. The drop in revenues was a direct result of the closure of Casino Cosmopol in Gothenburg and Malmö during the quarter.
The report also reveals that by the end of Q1, approximately 110,000 people had self-excluded from gambling through the national self-exclusion program Spelpaus.se. This was up by 6% compared to the previous quarter.
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