The turnover of the Swedish casino industry continues to increase. Particularly positive is the development among gambling companies with a license for commercial online gambling and betting, which had a turnover of just over SEK 4.2 billion during the second quarter of the year.
Gambling for money is a great interest among Swedes. This is evident not least in the Gambling Inspectorate's latest report, which shows that 31 percent of Swedes play for money online at least once a quarter. In the report, which is based on interviews with over 4,000 Swedes aged 18 or older, it also appears that 26 percent play at least once a week. Really reliable casinos, without fraud you will find on the site review https://sverigescasinosajter.net/.
Commercial casinos are driving the development
In 2019, the Swedish gambling license was introduced, which is provided by the Swedish Gambling Inspectorate. The gambling company that applies for and is granted the license has the right to operate in Sweden and target Swedish players. This is something many private actors have chosen to do. Today there are over 60 commercial gambling companies in Sweden, and even more gambling sites for the players to choose from.
The large range means fierce competition between the companies. In order to attract the players' attention, the players constantly try to outdo each other by offering a better gaming experience than the other. This includes following and adapting to current trends in the casino industry , such as offering quick registration, flexible payment methods and the most popular games.
The gaming industry's turnover continues to increase
Since the introduction of the Swedish license, the casino industry in the country has flourished, and today is doing better than ever. In any case, if you look at its turnover, which has risen year by year. In 2021, the total turnover of the Swedish gambling market amounted to SEK 26 billion, and the result does not look like it will be worse this year. Both quarters one and two have resulted in greater turnover than during the same periods last year.
Gaming companies with a license for commercial online gambling and betting, such as online casinos, fare best. Between 2018 and 2019, when the market was reregulated, turnover went from just over SEK 5 billion to just under SEK 15 billion. Since then, the positive trend has continued.
During the second quarter of 2022, these companies accounted for a turnover of over SEK 4.2 billion . The total figure, including all gambling for money in the country, amounted to just over SEK 6.7 billion.
State gambling options decreased in turnover after the reregulation
Even games that are the preserve of the state have increased in turnover during the second quarter of the year. State lotteries and number games had a turnover of just over SEK 1.4 billion, and state casino gambling at Casino Cosmopol approximately SEK 145 million.
After the reregulation, however, the state gambling market has not developed as positively as the commercial counterpart. The fact is that its turnover overall has decreased since the Swedish gaming license was introduced. In 2018, the turnover was close to SEK 5.5 billion, as in 2019. The figures have since fallen closer to the five billion mark in both 2020 and 2021.
The gambling industry contributes a lot to the state treasury
Despite the decline of state gambling options, the overall gambling market has grown significantly in recent years, and set a new turnover record in 2021. The industry's growth is not only positive for the players, who get more gambling options to choose from, but also for the rest of society.
For example, the development means that more job opportunities are created. According to a report from the online gambling industry association (BOS) published earlier this year, there are currently 4,200 employees in gambling and betting companies in Sweden.
In addition, the gaming industry contributes significant tax revenue to the state treasury. This is one of the most common reasons why players choose to play at casinos with a Swedish license. In the report from BOS, it appears that the gambling industry annually pays employer contributions and preliminary payroll taxes of SEK 533 million per year.
The gambling companies are also obliged to pay 18 percent of the gambling surplus, revenue minus paid winnings, in tax to the Swedish state. According to the report mentioned above, these payments amount to SEK 4 billion annually. Something that indicates that Swedish society benefits from the progress of the casino industry in many aspects.
A Few Things You Should Know About NARIP
- NARIP reaches over 100,000 people worldwide, we’ve been building a loyal network since 1998.
- People trust NARIP. We’ve worked hard to earn this trust and have developed a reputation as a no-nonsense, useful organization which helps its members and the wider record and music industry communities. Since inception in 1998, NARIP has connected countless people to jobs and opportunities, cultivated many collaborations, and helped launch hundreds of projects and several companies.
- We handpick sponsors, which means fewer ads for users to see and navigate through. We limit ads in rotation, which yields a more pleasant experience for our readership and higher visibility for your advertisement.
- Our responsive, opt-in subscribers and visitors are focused on—and work in—the record and music industries.
- Our sites (narip.com and lamn.com) and bulletins enjoy a tight-knit but growing and active readership. This strengthens our relationship with our users. Our users trust us and value NARIP content and our handpicked sponsors.
- Most new members and subscribers hear about us through word-of-mouth.
- Get your message directly to this hard-to-reach audience today!
If you are interested in advertising with us, download our ad rates here.