Sweden’s gambling market surges thanks to online gaming

24 May 2017

Sweden's gambling marketThe gambling sector in Sweden has risen to new heights as it managed to amount a total turnover of 540€ million in the first quarter of 2017. This increase has been primarily attributed to online gaming as betting sites showed continuous growth, contrary to land based operators.

Sweden's gambling market has offered the following stats:

  • Lotteriinspektionen, Sweden’s gaming regulator, stated that foreign operators saw an increase of 13% in turnover in Q1, whilst Swedish-licensed bookies suffered a loss of 3%.
  • ATG has announced that revenue reached around €90m in Q1 2017. Internet games showed an increase of 10%, while land based shops dipped 11%.
  • Svenska Postkodföreningen’s revenue rose by 3% to €62m, whilst Folkspel, with Bingolotto and Sverigelotten, decreased by 10% compared to Q1 2016.
 

10,000+ have already benefited from Bookmakers.bet

Register to our newsletter and be the first to get our exclusive bonuses and promotions. Fill in your name & email and stay tuned on the latest offers and the new bookmakers in your country.

I agree with the terms of use.

BOOK SPY

The UK Gambling Commission has announced that it will ban the use of credit cards on all gambling activities taking place in Great Britain from 14 Apr...

Read more »

Betsson is paying out early on Liverpool FC to be crowned the 2019-20 Premier League champion, since the Reds sit 14 points clear atop the table with ...

Read more »

The new draft law on online gambling, that was initially submitted to the Hellenic Parliament on October 9, 2019, has been eventually submitted to the...

Read more »

The Swedish bookmaker Betsson has taken a 75% stake of Suaposta, which is one of the first betting brands to ever operate in Brazil. The Stockholm-bas...

Read more »

The gross gambling yield (GGY) of the British gambling industry decreased 0.3% year-on-year for the period between April 2018 and March 2019, amountin...

Read more »

The gaming group Soft2Bet, which is based in Malta, is getting ready to start its operations within the well-regulated Swedish gambling market; since ...

Read more »

Online sports betting operators in France enjoyed significant quarterly revenue growth for Q3 2019 compared to the revenue generated during the same p...

Read more »

Bet-at-home AG has announced that it bolstered its commercial status and its revenue, in spite of the €11.5 million Austrian tax burden that was impos...

Read more »

LeoVegas has restored its five-year Swedish gambling license, since it managed to win its appeal against the country’s gaming regulator Spelinspektion...

Read more »

The popular online bookmaker Interwetten has announced the signing of a sponsorship deal with the Greek Super League, which is the top tier football l...

Read more »