10/25/2016

Sweden’s online gambling market

Sweden’s regulated online gambling market grew faster than international Swedish-facing operators last year, according to the country’s gambling regulator.

Preliminary stats for 2015 released by Sweden’s Lotteriinspektionen gaming overseer said the regulated market boasted turnover of SEK 45.6b ($5.3b), up 1.5% from 2014’s total. Total gaming revenue was also up 1.5% to SEK 16.7b.

Total online gambling revenue last year came to around SEK 8b, up around 7% from 2014. Lotteriinspektionen estimates that international operators serving the market without a Swedish license – mainly because Sweden doesn’t currently issue licenses to bloody foreigners – claimed around SEK 4.4b of this sum.
In October 2014, the European Commission sued Sweden over its online gaming monopolies, claiming the monopolies breach EU law on the free movement of services. The Swedish government has asserted it intends to speed up work that would eventually lead to licensing outside operators. But in February 2015, Sweden's Minister for Public Administration said Sweden won't open the market to foreign operators until the country has a budget that allows it to do so.

In October 2015, some progress was finally made, and Sweden began a review of its existing online gambling framework. The deadline for establishing new gambling laws in the country to meet EU requirements is September 2018.

OCTOBER 14, 2016
 Sweden’s plans to liberalize its online gambling market would best be served by imposing a revenue tax rate of between 15% and 20%, according to a new industry-funded report.
Swedish developer and supplier of products specifically intended for the iGaming industry NetEnt today posted its financial results for the three months ended September 30, 2016. The company reported yet another robust quarter with key performance indicators growing substantially.
 live4gambling.com/se/
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