In Sweden, the total revenue of licensed gambling companies reached 6.7 billion kronor (59.38 billion rubles) at the end of the second quarter of 2023. The result was 1.77% higher than the 6.58 billion kronor (58.32 billion rubles) recorded in the first quarter. However, compared to the figures for the second quarter of 2022, revenue was down by just over 1%.
The leading sectors of the gambling industry remain iGaming and online sports betting. Total revenue amounted to 4.18 billion kroner (over 37 billion rubles). Lotteries and slot machines accounted for 1.39 billion kroner (12.3 billion rubles) of the total market revenue.
Between April and June, the Swedish gambling regulator Spelinspektionen received additional funding and its powers were expanded. This was necessary to step up efforts to develop a safe online gambling market and combat offshore sites.
After the end of the second quarter, Sweden officially began the period of issuing B2B licenses to companies wishing to operate in the legal gambling market. To date, the regulator has already granted 157 authorizations.
The Director General of the Swedish Gambling Authority Camilla Rosenberg recently recalled the state of affairs in the industry. She noted that unlicensed gaming companies should not be able to use the services of suppliers working with legal operators.
Rosenberg also reminded that most of the five-year licenses that began to apply in 2019 will expire at the end of this year. The Swedish Gambling Authority will continue to process permit renewal requests throughout the fall. The authority has already received a large number of applications. However, for those who have not yet processed a request, now is the time to apply, Rosenberg noted.
Of note: NOVOMATIC’s revenue for the first half of 2023 was 1.58 billion.