The sharpest increase in turnover came from land-based casinos, registering a 30.5% increase year-on-year. GGR from non-profit lotteries in Sweden in Q3 was down by 8.26%.
Analysing Sweden’s Q3
Breaking down overall performance, online casino and sportsbook, state lotteries and Casino Cosmopol all rebounded compared to the previous quarter. Non-profit lotteries (Rikslotterier) on the other hand, saw a sharp 8.26% decrease compared to Q2 2022. This brought the aggregated total down to the same as Q2 2022.
Online casino and sportsbook drew the highest numbers with a total of SEK4.25bn. This was down 1.4% year-on-year, despite increasing 1.7% compared to Q2 2023.
GGR from state-owned lotteries and slots came second for turnover, with a net year-on-year decrease of 0.1%, totalling SEK1.4bn, while rebounding by 0.3% compared to Q2 2023.
Casino Cosmopol, the Svenska Spel-owned subsidiary, registered a sharp decrease year-on-year. In total, the state-owned entity saw an 11.4% reduction from SEK149m to SEK132m, while increasing by 4.8% compared to Q2 2023.
Land-based on the rise in Q3
Most notably for Sweden’s Q3 results, land-based casinos surged in revenue, climbing 31% year-on-year, from SEK62m to SEK81m, with an increase of 53% compared to Q2 2023.
Additional GGR for Sweden’s Q3 results came from community games and bingo halls – remaining steady year-on-year at SEK49m.
The increase in land-based revenue reflects the wider trend for Europe’s Q3 results, with online restrictions likely contributing to a continued rise in popularity of betting shops, retail locations and brick and mortar casinos.
Spelinspektionen has also highlighted that by the end of Q3, a total of 99,000 people had registered for the voluntary self-exclusion scheme, Spelpaus.se. This marked a 4% increase compared to Q2 2023.