Sweden’s gambling authority, Spelinspektionen, has released its latest financial report revealing that gambling operators generated SEK 6.7 billion ($611.9 million/€573.8 million) in Q3 of 2023.
Online gambling once again the market leader with 63.1% of all revenues
According to the report this represents a minor decrease of just over 1% when compared to the SEK 6.77 billion reported in Q3 2022. The latest figures are nearly identical to those reported for Q2 of 2023 with less than a half a percent difference in overall revenues.
Online Gambling
Commercial online gambling including both online casino gaming and sports betting providers were the market leaders with SEK 4.25 billion ($388.1 million/€363.9 million) in combined revenues. This accounted for 63.1% of all gambling revenues in the industry. It also represented a 1.7% increase on the previous quarter but a 1.3% decrease on Q3 2022. So far this year, online gambling operators have generated SEK 12.6 billion ($1.1 billion/€1.07 billion) in revenues.
In-Person Gambling
State lottery and in-person slot games generated SEK 1.4 billion ($127.9 million/€119.9 million) in revenue for the quarter. This was roughly the same figure for the previous quarter and Q3 2022. This brings the year-to-date total for 2023 to SEK 4.1 billion ($374.6 million/€351.2 million).
The 2023 year-to-date total for gambling revenues now stands at just over SEK 20 billion ($1.8 billion/€1.7 billion).
The report also reveals that by the end of Q2, approximately 99,000 people had self-excluded from gambling through the national self-exclusion program Spelpaus.se. This represents a 4% increase on the previous quarter.
Ciaran McEneaney Gambling industry analyst with over a decade of experience working with some of the biggest names in the sports-betting, gambling, poker & casino industry.
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide.
With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players.
Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values.
Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
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Author: John Sommers
John Sommers is a distinguished figure in the world of gambling expertise, known for his deep knowledge and insightful analysis of the gaming industry. As a seasoned author, he has contributed extensively to the reputable gambling news site, TwinCasinos, focusing on providing valuable insights to English-speaking gamblers worldwide. With a career spanning over a decade, John has honed his expertise in various aspects of gambling, from strategic gameplay to industry trends and regulatory developments. His articles are revered for their blend of comprehensive research, astute observations, and a knack for demystifying complex concepts for both novice and seasoned players. Beyond his writing prowess, John has established himself as a trusted authority, often sought after for his expert commentary on the ever-evolving landscape of the casino and betting industry. His passion for responsible gambling and commitment to ensuring players make informed choices are evident in his work, making him a beacon of integrity in an industry that demands such values. Whether you’re a casual gambler or a dedicated enthusiast, John Sommers’ contributions to TwinCasinos promise to be an invaluable resource for navigating the dynamic world of gambling.
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