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Sweden’s Online Gambling Revenue Declines 3.4% in Q3 2019

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Swedish Gaming Authority Spelinspektionen has reported a 3.4% month-on-month decline in the online gambling revenue for Q3 2019.

The gambling regulator posted SEK3.35bn ($344.4m) in revenue from online gaming and betting operations for the three months to September 30, 2019. For Q2 2019, the gambling regulator posted SEK3.47bn in revenue.

While the full financial report for the quarter is yet to be published, it is evident that the Swedish online gambling market has taken a hit.

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Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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