Online drives 4% rise in Q2 Swedish gaming revenues
Svenska Spel's digital arm offsets poor land-based performance from Sweden's regulated market
Sweden’s regulated gambling market recorded a 4% year-on-year rise in revenues during the second quarter of the year, boosted by double-digit online growth from Svenska Spel and ATG.
According to figures released by the Swedish gaming regulator Lotteriinspektionen, state-owned operator Svenska Spel reported a 13% year-on-year rise in Q2 online revenues, totalling SEK 922m (£82.2m) for the period.
However, its land-based operations suffered a 2% drop in revenues compared to the same period last year at SEK 3.5bn (£220m). Total sales increased by 1% during the period, with revenue amounting to SEK 4.4bn (391.6m).
State-owned horseracing operator ATG enjoyed an 11% rise in online revenues to SEK 990m (£88.3m) for the period, although its land-based arm suffered a 3% YoY drop to SEK 941m (£83.9m).
Bingolotto and Sweden Lotten reported sales of SEK 288m for the period – an increase of 15%, with online revenues increasing by 6% to SEK 27m.
The regulated Swedish market saw its sales increase by 4%, with turnover totalling SEK 8.1bn (£729.4m), while operators not associated with the Swedish state saw its sales increase by 12% to SEK 2.3bn (£203.3m).
The total gambling market â including the unregulated sector – rose by 5% during the period, with sales amounting to SEK 10.7bn.