According to Spelinspektionen, gaming companies with a Swedish license had sales of 24.7 billion SEK (players bets minus winnings paid out) in Sweden alone in 2020. This is a decrease by 0.4 percent compared to 2019. In July 2020 the Swedish Government decided to set a mandatory max deposit rule of 5000 SEK ($590) per month and player. Session limits were also put in place to safeguard the players during the Corona Lockdowns. Despite this, we see that the number from 2019 has only declined by 0.4%.
During the last quarter of 2020, 6.8 billion SEK was earned by the Swedish Licensed Casinos. These numbers are not factual but a measure of the Swedish Tax Agency on pre decided gambling tax.
100 companies are currently holding a Swedish Gambling License in March 2021, 70 of these are focused on Online Gambling.Casinos without a Swedish License
Non Licensed Casinos in Sweden
Correct data regarding unlicensed casinos in Sweden is impossible to collate, however – the British analytics firm H2 Gambling Capital estimates that during Q4 2020, unlicensed casinos amassed profits between 613 – 720 million SEK after paying out player wins. According to the same source, unlicensed casinos in Sweden had profits around 2.4 – 2.8 billion SEK during the full year 2020. This estimate covers all gambling related business outside of the Swedish Licensed Market and not only on Casinos that market themselves in Sweden illegally.
Gilbert Fletcher is an ex financial journalist from Cambridgeshire, England. Gilbert worked with several leading financial publications before joining Gaming Industry Media.