Sweden’s gambling industry is on the rebound with online sales leading the way
Swedish Gambling Inspectorate has released gambling revenue numbers for the industry in Q3 2021. The numbers are preliminary and may be adjusted slightly before the year-end report. On a quarterly basis, the legally sanctioned gambling industry posted net earnings of SEK 6.3 billion (US$698,621,490).
Online gambling in Sweden is on the rise. In-person gambling sales rose nearly eight-fold for the quarter. 65 of 95 Swedish operators operate in the online sector. Bingo, slot machines in restaurants and lottery sales promoted for public benefit are down. National lottery revenues are also down quarter to quarter this year.
Sweden's gambling industry is on the rebound. The increase in activity can be explained by the pandemic. Social distancing policies were encouraged and working from home was encouraged. Online gambling was restricted in July 2020. In October, the restrictions were relaxed. Land-based gaming in Stockholm, Malmö and Gothenburg saw a decrease in sales. Svenska Spel’s Casino Cosmopol locations saw increased sales of SEK 132 million. In the same quarter, in-person gambling venues were shuttered for over a year.