Sweden: Online Gaming Revenue Jumps, More Gamblers Sign Up For Self Exclusion

Sweden: Online Gaming Revenue Jumps, More Gamblers Sign For Self Exclusion

The latest figures released by the Swedish Gaming Authority (Spelinspektionen) reveals that the online gambling revenue for the quarter ending September 30 has increased despite the overall revenue from the casino gambling industry tanked.

The gambling regulator reported that commercial online gambling and betting, combined with online gaming on ships in international traffic, amounted to SEK3.48bn (£281m/€327m/$362m), up from SEK3.48bn in the second quarter.

The online gambling industry has performed well and par-expectations as the gambling regulator and the country’s Tax Agency had predicted a drop in revenue in Quarter3.

The total revenue from online gambling operations in Q3 was reported SEK5.90bn. While he Q3 revenue is lower than the revenue generated in the previous quarter and also from the SEK5.94bn it generated in the first quarter of 2019.

While there has been an increase in gambling revenue, there has also been an increase in the number of people signing up for the gambling self-exclusion registry.

The gambling regulator revealed that a total of 41,703 people have signed up to its Spelpaus.se self-exclusion register. The figure represents an 11.0% increase from the number of people registered by the end of Q2.
Currently, there are 92 gambling operators operating in the Swedish market.

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