Skip to main content

The gambling market in Sweden is growing fast

The gambling market in Sweden is growing fast

There has been a fast growing of the Swedish gambling market. It was commented on by the Lotteriinspektionen, which is a casino regulator for Sweden. According to it, there has been a 5% growth just in the first three quarters of 2016, year-on-year.

That is impressive for such a young market, and shows a quick rise, so the scope of gambling online is becoming wider. The revenues earned in total for that period, the first three quarters of 2016, amounted to the equivalent of 1.6 billion Euro, which is 16.2 billion SEK! The state owned Svenska Spel was an especially successful gambling company, particularly in online gambling.

The company confirmed that its revenue was 6.5 billion Swedish Kronas, which was an even higher rise compared to the total revenues for the first nine months of 2016. It was as much as 12%! But on the other hand, the revenue from land based casinos experienced a drop of 3%.

The state owned Svenska Spel was so successful that its gambling revenues made up 40% of the whole gambling revenues amount for Sweden.

With such impressive percentage rise, it is clear the interest in online gambling in Sweden is definitely on the rise, and it is soaring fast. In a short period, the rate of growth achieved is surprising. And of course, that means more enjoyment for Swedish punters, because they concentrate more on online gaming. Because this is a catchy passion, the rise in interest is expected to continue, and more players can be expected to get infected with the appeal of this form of entertainment.

With the rise in revenues, the prospects for Sweden in this respect also look very good. It is enough to mention that the revenues generated by casino operators from other countries amounted to 23% of the total revenue amount. And the amount generated has risen by 16% since 2015.
 

Latest Casino News

Mar 21, 2021
Modern online casino industry provides a lot of fun and plenty of rewards to millions in every corner of the world. Using the latest technology innovations and improvements the online…
Feb 15, 2021
Over the past few years the online casino industry has expanded massively. Many new online casinos including scam ones have made their appearance on the market scene. The main and most…
Jan 05, 2021
Nowadays players feel free to play their favourite online casino games from anywhere and at any time. This has been made possible thanks to the great technology development and innovations…
Dec 15, 2020
The online casino industry is growing extremely fast. New exciting games are created by talented developers. New casinos appear every day. Customers play for fun and the lucky ones win big…
Nov 30, 2020
Playing online casino games is a common form of entertainment all over the globe. Over the past few years the gaming options have increased a lot. Government authorities in many countries…
Nov 16, 2020
The day when plenty of scary creatures will be out to fill the streets is coming soon.  Fans of spooky slots can enjoy a number of exciting slots on Halloween this year.   Here is…
Oct 12, 2020
Millions all over the world enjoy online casino gambling as a way to pass their free time. But this form of entertainment can be tricky as well. Loss of money, stolen information or…
Oct 06, 2020
Many still do not dare to start playing at an online casino thinking that it is a difficult task. After creating an account there are also a few steps that need to be followed.   By…