ATG credited the continuation of Swedish horse racing all the way through the pandemic for its record net gaming revenue of SEK5.35bn (£453.1m/€525.7m/$621.8m), up 20.8% year-on-year, in 2020.
Total revenue was up 19.4% to SEK6.33bn. Total revenue comprises net gaming revenue, agent revenue and other income.
The pandemic led to a significant growth in online sales for ATG, with online net revenue of SEK3.98bn, up 31.3%. Retail revenue decreased however, by 6.9% to SEK1.21bn.
Despite being able to expand its offering as the market opened in 2019, bets on horse racing from Swedish customers still made up SEK4.54bn of ATG’s revenue, up 18.4%. Horse racing bets from Denmark, through ATG’s Ecosys subsidiary, made up an additional SEK42m.
Sports betting in Sweden brought in a further SEK378m, up 48.8%, while casino revenue from Sweden brought in SEK288m, up 13.0%. In Denmark, sports betting brought in SEK30m and casino SEK82m.
ATG then paid gambling taxes of SEK1.06bn, up 18.0%. It paid..