Sweden online gambling revenue falls; LeoVegas puts ads on wheels

Sweden’s licensed online gambling operators suffered a revenue decline in the second quarter, as government restrictions eliminated the pandemic pump enjoyed in other markets.

Figures released Friday by Sweden’s Spelinspektionen regulatory body show locally licensed online gambling operators generated revenue of just over SEK3.6b (US$411.5m) in the three months ending June 30, up 3.6% from the same period last year but a 1.2% decline from Q1 2020’s figure (which was itself down 1.5% year-on-year).

Sweden’s online casino licensees were blindsided this spring as the government announced tough limits on customer deposits and spending. The government claimed it was acting to protect consumers from excessive gambling while under pandemic lockdown but data showed Swedes hadn’t significantly ramped up their gambling activity.

The state-run Svenska Spel’s lottery and slots hall revenue fell 8.5% year-on-yar to SEK1.3b in Q2 while the company’s Casino Cosmopol land-based casinos were shut for the entire period. All other verticals were also negative, except for charitable lotteries, which rose 2.7% to SEK950m.