Swedish lottery revenue rebounded in April following a difficult March, but still lags behind revenue from April 2019 by 9%, as per the latest numbers from Sweden’s Gambling Inspectorate (Spelinspektionen).

The data forms part of the monthly reports Spelinspektionen were commissioned to produce during the COVID-19 pandemic and was obtained via operators’ tax returns.

Spelinspektionen said that whereas revenue for lotteries dropped year-on-year, things appeared much brighter than in March, when revenue declined nearly 50% year-on-year.

Revenue for land-based commercial games, including restaurant casinos, dropped by 46% year-on-year in April.

The regulator had already issued online betting and gaming revenue for April in its May report, but revised this number from a 5.4% drop to a 3.0% drop after receiving data from more gambling providers.

However, most online betting and gaming providers in the country saw revenue drop last month compared to the same month of 2019.

A total of 20 operators reported a drop in figures obtained via operators’ tax returns, whereas 16 reported a rise in revenue. In both March and April, more licensees reported increased earnings than decreased, notwithstanding overall gaming and betting revenue dropped in both months.

The regulator as well said that as of June 14, 52,026 people were registered with national self-exclusion register Spelpaus. This was an increase from 51,674 on May 14, but Spelinspektionen said the figure of new sign-ups had reduced.

Swedish online gambling operators are currently preparing to implement fresh controls including a SEK5,000 (£401/€459/$495) weekly deposit limit plus a SEK100 cap on bonuses. The rules will come into effect on July 2, and were initially planned to cover all kinds of gambling prior to being amended to apply only to casino games.

These rules have been received negatively by stakeholders across Sweden’s gambling sector, and the European Gaming and Betting Association (EGBA). Meanwhile, Spelinspektionen said the rules could benefit illegal casino operators rather than improving player protection and added they could prove tough to enforce by July 2.

Source: https://www.igamingbusiness.com/news/swedish-lottery-rebounds-april-lags-behind-2019

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