Svenska Spel continues to demonstrate stability and purpose in what CEO Anna Johnson described as “the company’s most significant year since its establishment”.
The Swedish state-owned gambling group reported a 7% increase in Q3 net gaming revenue to SEK 1.874bn (€165m), driven by strong performances from Eurojackpot and Oddset. Operating profit climbed 19% to SEK 718m (€63m), with the operating margin rising to 38% (35%).
Johnson praised the company’s ability to balance profitability with its wider social mission.
“Our business continues to deliver gaming joy with care and give back to society. Strong brands such as Eurojackpot and Oddset have once again proven crucial to achieving higher revenues this quarter,” she said.
On a year to date basis for 2025, Svenska Spel generated SEK 5.56bn (€490m) in net gaming revenue and an operating profit of SEK 1.9bn (€170m), up 8% year-on-year.
Oddset brings new momentum
The Svenska Lotto segment achieved 7% growth, underpinned by Eurojackpot’s record-breaking year and two major jackpot wins in Sweden. Lotto also benefitted from a well-received relaunch.
The Sport & Casino division posted 9% growth, fuelled by higher player activity on Oddset, increased interest in Powerplay hockey betting, and steady online casino engagement.
In contrast, Vegas, Svenska Spel’s land-based slots network, reported a 10% decline as economic pressures and changing consumer habits continued to favour digital gaming.
The group’s online operations rose 15%, accounting for 65% of total revenue — up from 60% last year — reinforcing Svenska Spel’s continued digital transformation strategy.
Change has no impact on social mandate
During the quarter, Svenska Spel distributed 90 major prizes totalling SEK 805m (€70m), including a SEK 409m (€36m) Eurojackpot win and a SEK 160m (€14m) Lotto Dream Prize.
The operator further strengthened its commitment to Swedish sport by funding 60 elite athlete scholarships worth SEK 60,000 each, helping athletes balance competition with higher education.
Marking the 15th anniversary of its independent research council, Svenska Spel surpassed SEK 100m (€9m) in total funding for gambling research since 2010. This year, SEK 5m (€440,000) was granted to six new studies into gambling behaviour and addiction.
The period also marked structural changes as Svenska Spel completed the closure of Casino Cosmopol Stockholm, following the Riksdag’s decision to phase out land-based casinos nationwide.
“Despite regulatory change and market challenges, Svenska Spel continues to deliver strong results while upholding its responsibility to Swedish society,” Johnson concluded.