Sweden Reports SEK6.6 Billion in Q1 Gambling Revenue
In the first quarter of 2023, authorized gaming businesses in Sweden made a total of SEK 6.6 billion (€569 million). This is verified in a recent report by Swedish gambling regulator Spelinspektionen.
Essentially, this number shows how much money people have bet, minus how much they have won. What’s interesting is that this rough estimate is right in line with the turnover figures from the same time last year, suggesting a steady upward tendency.
We will talk about how the revenue is split between two groups: licensed enterprises, like online casinos, and other retail betting businesses.
When looking at the sources of the total SEK 6.6 billion in income, online casino gaming was shown to be the main driver. They made a whopping SEK 4.1 billion in profit. This sector’s growth has slowed since the first quarter of 2022, although it is still the market leader.
Revenue from state lotteries and slot machines increased as well, reaching SEK 1.36 billion, up from SEK 1.29 billion the year before. Also, state casino gaming, by Casino Cosmopol, went up by 22%. That means it made 126 million SEK in revenue in the first quarter of 2023.
Other Retail Gaming Establishments
In addition to licensed operators, additional retail gaming venues such as resort casinos contributed a meager 27 million SEK. There were 812 million SEK in public-purpose gaming, which includes many projects that help the public, whereas community gaming and bingo brought in a total of 38 million SEK.
An Important Aspect of the Swedish Gaming Landscape
The Spelpaus.se exclusion platform is an important part of the Swedish gambling business. By the end of the first quarter of 2023, around 92,000 people had been banned from using gaming platforms.
This number is 8% higher than it was in the previous quarter. Self-exclusion is becoming more popular, which shows that people are taking steps to deal with problems linked to gaming. Which, in turn, encourages people in Sweden to play games in a sensible way.
Summary of Q1-2023 of the Swedish Gaming Industry
During the first three months of 2023, the Swedish gaming industry was stable and grew steadily. This is a sign of a strong and well-regulated market. Even though online casino gaming still brings in the most money, other areas, such as the state lottery and slot machine games, have also been doing well. It’s also important to note that state casinos like Casino Cosmopol are still doing well. This is compelling evidence that the trend of betting in person is growing.
As the Swedish gaming industry grows, it will be important to find a balance between meeting customer needs and taking steps to avoid and deal with problems that could arise from too much gaming. By keeping a focus on responsible gambling and adjusting to changes in the market, the industry can keep growing while making sure that everyone can play in a safe and fun setting.
Lastly, sites like spelbolagutansvensklicens.co might be good places to start if you want to start playing games on Swedish platforms. It will give you the most recent information about the best choice for you.Read more investing news on PressReach.com.Subscribe to the PressReach RSS feeds:
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