Latest News

Unregulated online betting in Sweden account for a quarter of the country’s total gambling revenue

Published

7 years ago

March 14, 2018

Athira A

Photo credits: calvinayre.com

Reading Time: < 1 minute

Recent reports from H2 Gambling Capital, which provides the most trusted data and intelligence on the global gambling industry and Lotteriinspektionen, the Swedish gambling regulator highlight that the unregulated online betting market account for a quarter of the country’s total gambling revenue.

In 2017, Sweden’s market was worth €2.2 billion, while proceeds from the unregulated segment reached €544.8 million.

As per the revealed data sports betting services represented a 42 percent share of the unregulated market last year, while online casino games leapt to 40 percent, having been just 21 percent in 2008. However, online poker could not keep up and accounted for just seven percent of the market, while it represented 20 percent of the market in 2008 after the poker boom.

Meanwhile, other online gaming services accounted for 11 percent of the market, hiking from nine percent in 2008.

According to Lotteriinspektionen, the €544.8 million total revenue from the unregulated market was up 13 percent from 2016, turning the segment into Sweden’s major propellant of growth in gambling.

Related Topics:

Up Next

Five Italian Gambling companies gave the slip, following a scrutiny devised by MGA

Don't Miss

Free webinar with Colossus Bets CEO Bernard Marantelli

Athira A

Athira is a self-described “logophile” – a lover of words. She loves updating her vocabulary and playing around with words, to frame a sensible world of letters. Letters come alive when they become words and when words become sentences. And that’s her job, to put them together in a meaningful way without loosing its essence. She has written content for websites, articles and poems for an international magazine, and press releases as well. She also loves writing on social media. She holds a Masters degree in bio-technology, but she has always been interested in the organic farming of words. Besides writing content for our daily news feed, she is also working as staff writer/editor with Impressions Content Management, based in Kerala, India, which offers writing and editing services to clients around the world.