The second quarter of the year is stable for Svenska Spel with growth for Eurojackpot and Oddset. The last Casino Cosmopol has been closed after the Riksdag’s decision on a change in law that means that land-based casinos will no longer be offered in Sweden.

The challenges for the Vegas slot machines remain, which negatively affects the group’s revenue. This is evident from Svenska Spel’s interim report for the second quarter of 2025, which is presented today.

We have a clear focus on the group’s strategic goals: to have the gaming market’s most satisfied customers, to ensure that our customers play healthily with us and to drive long-term sustainable growth. Within the first two target areas, the customer satisfaction index and the share of healthy revenues are at a stable and high level. When it comes to sustainable growth, net gaming revenues for both Eurojackpot and Oddset increased during the quarter, says Anna Johnson, President and CEO of Svenska Spel.

On April 25, Casino Cosmopol in Stockholm was closed due to the change in law that comes into effect at the turn of the year and that means that land-based casinos will no longer be offered. Svenska Spel decided to wind down after receiving a changed ownership instruction, and the winding down is now underway in an orderly manner, while the sale process of the unique property on Kungsgatan has been initiated. (Profit items, operating margin and other key figures in the interim report relate to continuing operations and exclude the land-based casino operations, which are reported as operations under winding down.)

The Group’s net gaming revenue for the quarter is SEK 1,839 million (1,837), which is an increase of SEK 2 million. The Luck business area has growth, while revenue is negatively affected by continued challenges for Vending Machines and strengthened responsible gaming measures.

Net gaming revenue for the Luck business area increases by 2 percent compared to the same quarter last year. Eurojackpot continues to be the growth engine in the lottery portfolio. Large jackpots and high winnings have a positive impact on sales. A clear example is that Eurojackpot broke a sales record during the quarter, not long after last quarter’s big win of SEK 1.25 billion. Triss also has a positive development and sales on Mother’s Day exceeded the previous year.

Net gaming revenue for the Sport & Casino business area decreased by 1 percent compared to the same quarter last year.

This is due to the negative impact of strong comparative figures last year when the European Football Championship contributed to higher revenue. However, within the business area, sports betting continues to grow under the Oddset brand – a growth that continues this quarter as well. The positive development for sports betting has been continuous since the launch of the new sports betting platform a year ago.

The change was well received by customers, which has resulted in a larger customer base, higher customer satisfaction and increasing revenue. During the quarter, major events such as the Ice Hockey World Championship and the Eurovision final also contributed to increased customer activity, above all a clear influx of new customers.

Net gaming revenue for the Vegas business area decreased by 13 percent due to the continued negative impact of strengthened responsible gaming measures and the challenging economic situation for business partners.

The Group’s operating profit decreased by SEK 113 million or 17 percent to SEK 545 million (658) and the operating margin amounted to 30 percent (36). This is mainly due to the fact that the gambling tax was increased from 18 to 22 percent on July 1, 2024, which negatively affected the operating profit.

The Group’s online business continues to grow, this quarter by 5 percent compared to the same quarter last year. Online accounts for 62 percent (60) of the Group’s revenue during the quarter.

More and more customers are discovering the Lyckoplatsen lottery, which was launched in the previous quarter. When playing on Lyckoplatsen, customers can choose to contribute to a good cause by supporting a non-profit organization. In this case, 10 percent of the contribution goes to the organization of the customer’s choice. The collaboration with non-profit partner organizations has been expanded during the quarter, which means that customers now have more organizations to choose from.

During the quarter, Svenska Spel has awarded 78 million-sek prizes on lotteries with a total value of just over SEK 178 million. The highest prize was just over SEK 15 million on Lotto and the second highest prize was just over SEK 12 million on Eurojackpot. Sports and casino games have delivered 26 million-sek prizes during the quarter. The highest prize was over SEK 11 million on Stryktipset.