Sweden reports modest growth as regulated revenues slide

Sweden has reported gross gaming revenues of SEK 16.8bn (£1.42bn) during the third quarter of 2018, a slight uptick of 1.2% year-on-year.

Gross gaming revenues from operators licensed in Sweden fell 2.4% y-o-y to SEK 12.2bn (£1.03bn), while unlicensed operator revenues rose by 12.4% during the quarter to SEK 4.5bn (£381.5m).

There was a substantive shift in Swedish gambling strands during the quarter, with market share from betting rising by 13.6% in Q3.

The market share of gaming from land-based gambling decreased by 8.4% during the quarter, while online casino market share rose by 11.9%.

Sweden’s two main monopoly operators, Svenska Spel and ATG, both reported dips in their revenues during the quarter. Svenska Spel revenues fell by 1.6% during the quarter to SEK6.4bn (£542.6m), while ATG gross gaming revenues fell by 0.4% to SEK 3.1bn (£262.8m).

Reflecting the shift in market share by product, both operators reported increases in the shares of egaming with proportional decreases in their land-based revenue share. Svenska Spel’s egaming revenues grew by 22.5%, while its land-based revenue share fell by 9.4% during the quarter.

ATG’s egaming revenues increased more modestly by 6.7%, while its land-based gambling revenues fell by 10% during the quarter.

Lottoinspecktionen received gross gaming revenues from operators of SEK 373m during the quarter.