Swedish GGR decreases 3% YoY in Q4 2023
Swedish Gambling Authority reports licensed revenue of SEK7.1bn among operators as online businesses remain stable year on year
The post Swedish GGR decreases 3% YoY in Q4 2023 first appeared on EGR Intel.
The Swedish Gambling Authority (SGA) has released Q4 2023 figures for licensed operators in the Nordic market showing gross gaming revenue (GGR) decreased 3.2% year on year (YoY) to SEK7.1bn (GBP).
Compared to Q4 2022, where GGR stood at SEK7.3bn for the same period, the Swedish market has seen a slight dip as land-based operations came up short in the last three months of 2023.
Online gambling GGR landed at SEK4.4bn, remaining flat against Q4 2022’s total, while Casino Cosmopol’s GGR for the period between October to December 2023 was SEK92m, a sharp decrease from the SEK139m the year prior.
State lottery and slots GGR stood at SEK1.44bn, slightly up from the SEK1.4bn for Q4 2022.
By the end of Q4 2023, approximately 104,000 people had been self-excluded from gambling via the Spelpaus.se system, representing a 5% YoY rise from the previous quarter.
On a full-year basis, licensed operators reported a total GGR of SEK27.1bn – a decrease of just over 1% YoY.
Online gambling continued to be the main GGR driver for Sweden in 2023 at SEK17bn, but this was a 0.7% decrease YoY compared to 2022.
Casino Cosmopol’s GGR dropped 11.4% to SEK475m, while national lottery (Lotto) revenue rose by 1.4% to SEK3.6m.
Elsewhere, the Swedish government proposed a four percentage point increase in GGR tax from 18% to 22% last December, leading to the Swedish Trade Association for Online Gambling (BOS) to hit back at the change which could come into effect from 1 July 2024.
The post Swedish GGR decreases 3% YoY in Q4 2023 first appeared on EGR Intel.
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