Sweden’s Gambling Industry Was Worth $2.67B Last Year

Sweden’s gaming manufacture had a honest year endure year. With the final numbers in place, the sector took in $2.67 1000000000000 inwards revenue.

Gaming is vainglorious stage business in many countries around the world. Despite the fact that the industry produces billions of dollars annually, this doesn’t mean that it’s all “problem gambling,” as some get assumed.

Most countries fare really comfortably managing their industries and ensuring problems are kept to a minimum. Sweden’s gaming regulator, Spelinspektionen, simply reported the country’s gaming figures for 2021, and things are looking good.

Sweden’s Growing Gaming Industry

The COVID-19 pandemic forced Sverige to introduce spending limits for the iGaming sector inward 2020. These remained in position into Nov 2021, but didn’t make a major negative impact on the boilersuit revenue for the year. The gaming add inwards 2021 was SEK26 billion (US$2.67 billion).

Online gaming was upward 6% more than the previous year. In addition, lottery and expansion slot simple machine sales also increased past 6%.

Spelinspektionen benefited as well. Its income rose past 0.8% from 2020 to 2021, closing at SEK53.1 meg (US$5.32 million). It took inwards SEK13.7 1000000 (US$1.37 million) inward fines and other fees, 25.7% more than in the prior year.

More operators showed an stake to conjoin the market, still as COVID-19 was proving problematic. The regulator had to strain through and through 622 certify requests endure year, 104 more than it did inwards 2020. Spelinspektionen approved 287 new applications, patch it rejected eight.

As a result, there were 2,252 active licenses at the stop of 2021. There testament follow more this year, as many of those submitted last-place year came toward the finish of the year. This way Spelinspektionen is workings through and through the heap now.

Keeping Responsible Gaming at the Forefront

Sweden’s national self-exclusion system of rules is working well. 71,000 people registered past the end of the year with Spelpaus.se, 11,000 more than a yr earlier.

The regulator examined consumer trends and found that 73% of Swedes had gambled inwards the past tense 12 months. Lotteries were the most popular and dominant method of betting. In addition, 21% reported that they bet on gymnastic horse racing.

Spelinspektionen issued octet decisions regarding compliance and licensing duties against seaward companies that lawlessly targeted Swedish consumers. Companies similar Lotto Direct were penalized for selling unlicensed games, spell other operators, such as Mr Green, were fined with anti-money-laundering failures.

In addition, 7% of the gamblers said they had played with an manipulator that was not licensed inward Sweden. Another 12% replied that they were incognizant if the website they were gaming with is registered in Sweden.

The Public Health Agency of Kingdom of Sweden reports that the per centum of job gamblers in the country is around 1%. That shows that responsible for(p) gaming initiatives are working.

Like in many other countries, some legislators and authorities need to check more done.