Home > Finance > Swedish GGR climbs in Q2 as land-based sector rebounds

Swedish GGR climbs in Q2 as land-based sector rebounds

| By Marese O'Hagan
Operators in Sweden generated SEK6.75bn (£545.5m/€626.2m/$617.9m) in gross gaming revenue (GGR) during the second quarter of 2022, according to Swedish regulator Spelinspektionen.
Quarter revenue

This was up by 3.0% from revenue in the first quarter and up 3.9% year-on-year.

Online betting and gaming contributed SEK4.22bn of this, exactly the same as was recorded in the first quarter of 2022. However, this was up 2.8% from Q2 2021.

Combined revenue from the state lottery – operated by Svenska Spel – and from slots from Svenska Spel’s Vegas brand was SEK1.41bn, increasing by 9.7% from Q1 2022 and 1.0% year-on-year.

Charitable lotteries took in SEK868m in revenue during the quarter, staying fairly steady from the previous quarter – when revenue was SEK863m – but falling by 7.7% year-on-year.

Sweden’s state casino operator – Casino Cosmopol, also a subsidiary of Svenska Spel – generated SEK145m in Q2. This was 40.7% more than in the first quarter of the year, however there was no comparable figure for the second quarter of 2021, as all casinos were shut at this time due to the Covid-19 pandemic.

Bingo revenue came to SEK48m, increasing by 26.3% quarter on quarter and 4.3% from Q2 2021. Land-based commercial gaming revenue from Sweden’s “restaurant casino” sector sector grew by SEK49m year-on-year to SEK57m, and 35.7% from the previous quarter.

Yesterday, Spelinspektionen published clarification on rules regarding betting on sporting matches that feature minors.

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