Swedish Online Gambling Fell in the Second Quarter – Tunf News – Tunf.com News

Online gambling revenue in Sweden plunged to SEK 5.94 billion ( 572.4 million), the lowest level the country has recorded since regulated online gambling was introduced in the early 2000s. 2019. The impact of the coronavirus pandemic on gross gaming revenue (GGR) was evident.

While in reality, online gaming revenue saw a timid 3.6% year-or-year increase to SEK3,610 million ( 348 million), it is nonetheless lower compared to the previous two quarters.

Also, revenue from state-owned lottery and gaming machine monopoly Svenska Spel fell 8.5% year-on-year to SEK 1,290 million. Likewise, the revenue of the lottery brand Tur owned by the company rose 3.3% to SEK 1,180 million.

Regarding non-profit lotteries, the increase in year-on-year sales was 2.7% to SEK950 million.

The decline in online gambling revenue in Sweden may have managed to allay initial government fears related to a possible increase in gambling activity due to lockdown from the pandemic. The Swedish government imposed a weekly deposit limit of SEK 5,000 ( 476) for online casino games.

Source: https://europeangaming.eu/portal/latest-news/2020/09/15/77713/sweden-records-lowest-online-gambling-revenue-in-second-quarter/

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Swedish Online Gambling Fell in the Second Quarter - Tunf News - Tunf.com News