Total turnover across land-based and online gaming in Sweden in Q1 fell 13.1 per cent from Q4 2024, with the year-on-year comparison largely stable.
Turnover fell from SEK7.61bn (£591.2m) to SEK6.61bn (£513.6m) from Q4 to Q1, driven largely by notable decreases in online casino and betting revenue and turnover from lotteries and charity gaming.
Gustaf Hoffstedt, secretary general at Swedish gaming trade association BOS, told InterGame: "We always need to be on our guard so that the unlicensed gambling market doesn't grow at the expense of the licensed one.
"Any declines in the licensed gambling market should be due to a decrease in gambling, not to consumers instead playing unlicensed."
Online gaming revenue fell 7.4 per cent quarter-on-quarter from SEK4.62bn (£359.2m) to SEK4.28bn (£332.5m), while lotteries and charity gaming turnover dropped 21.4 per cent from SEK1.13bn (£87.6m) to SEK886m (£68.9m).
The quarter-on-quarter comparison was also impacted by a continuing decline in land-based casino revenue, with the Swedish government completely shutting down this vertical in the country due to a sustained lack of activity and revenue.
Land-based casino revenue at Casino Cosmopol properties fell 16.1 per cent from Q4 – from SEK31m (£2.4m) to SEK26m (£2m).
Year-on-year, there was a 60 per cent decline in land-based casino revenue from Q1 2024’s SEK65m (£5.1m).
Online gaming revenue was down 0.2 per cent year-on-year from SEK4.23bn (£333.4m).
Overall turnover fell 0.9 per cent year-on-year from SEK6.67bn (£) in Q1 2025.
"If we were to see several quarters with declining turnover, it would of course be a cause for concern, but we are not there," Hoffstedt added. "On the contrary, turnover has been quite stable at just over SEK4bn quarterly."
