Sweden’s gambling market revenue took a step back in the first quarter of 2020 despite a modest rise in online activity.
Preliminary data released Tuesday by the Spelinspektionen regulatory body show Swedish-licensed gambling operators generated revenue of SEK5.9b (US$614m) in the three months ending March 31, roughly 1.5% below the sum generated in the same period last year.
That 2019 period marked the first three months of Sweden’s regulated online gambling market, and Spelinspektionen’s awkward category of ‘online gambling sites and shipboard casinos’ saw revenue rise 7.5% year-on-year to SEK3.66b.
Considering that those shipboard casinos were likely struggling to find customers late in the quarter due to the COVID-19 pandemic, it’s safe to assume that Q1’s online growth was actually higher than 7.5% (although Spelinspektionen says online activity in March and April didn’t show any major growth).