Swedish Gambling Monopoly Loses Ground

Swedish grey-market gambling revenue increased by double digits in the first quarter of the year, while revenue in the regulated market declined, according to data from the Swedish Gambling Authority (Lotteriinspektionen).

Unregulated gambling revenue grew by 13 percent in the first quarter, while revenue of licensed operators fell by 3 percent, according to the regulator.

Gains from the unregulated market come as Sweden prepares to introduce an online gambling licensing regime. A government report in April recommended ending Svenska Spel’s monopoly and setting a tax rate of 18 percent on revenue.

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