More and more gambling companies are established in the Swedish gambling market

At the time of writing, according to the Swedish Gaming Authority, there are 442 license holders on the Swedish gaming market. This means that 442 players turn to Swedish players to be able to offer various forms of gaming such as lotteries, casino games, betting and bingo. Of these 440, however, no more than 100 operate as online casinos and betting sites.

During the first quarter of 2022, Swedish-licensed gambling companies had a turnover of 5 percent more compared to the corresponding quarter of 2021. With such statistics, you can see a clear upward trend for gambling in the country. Interest is increasing among private individuals, which also leads to an increase in the number of gambling companies that are established. Something that can clearly be seen on a comparison site for casinos such as https://syellen.org/spin-palace/.

The state's revenue from gambling amounts to SEK 6 billion

The fact that the generous range of betting companies benefits Swedish players is probably not overlooked by anyone. But the state also benefits from more and more gambling companies being established in the country because this leads to greater income for them.

Recent statistics from the Gambling Inspectorate show that the state's revenue from gambling amounts to just over SEK 6 billion per year. Money that comes from gambling tax, corporation tax and dividends from Svenska Spel.

Many Swedes still choose casinos without a license

Despite the increased number of gambling companies that receive a gambling license issued by the Swedish Gambling Inspectorate, many Swedish players still choose casinos without a Swedish license. The reasons for this are manifold.

Many players seem to dislike the fact that the Swedish Gaming Act limits the number of bonuses that can be awarded. Nowadays, gambling companies can only give out one bonus per player and site, which means that Swedish players can only collect a welcome bonus when they register on a new gambling site. At casinos without a Swedish license, however, there are not really any restrictions regarding this.

Some players prefer casinos without a Swedish license because they are not connected to Spelpaus. With Spelpaus, players can suspend themselves from Swedish betting companies and such a suspension cannot be revoked afterwards. If, against the odds, they should regret their suspension, they cannot play on the game page until the time of the suspension is over.

What is growth due to?

In recent years, the business for games in the country has grown at an exponential rate and many believe that the technological development in society has been a contributing factor. But also the reregulation that took place in the country at the beginning of 2019.

Earlier there were only a few gaming sites but currently the market is filled with thriving sites. Gambling companies embrace different technologies to differentiate themselves from their competitors and be able to offer their customers something unique.

Nowadays, players can access their favorite games regardless of where they are, at any time of the day. This is thanks to mobile devices and stable internet connections. Factors that have further contributed to the gaming industry's massive growth. With all the technological innovations being released constantly, the future of the gaming market in the country and at the global level is also expected to look bright.

Despite an increased number of players, more and more players are shutting down

Although more and more companies choose to establish themselves as gambling companies, figures from the Swedish Gambling Inspectorate also show that the number of people withdrawing from gambling for money is increasing. More specifically, the number of suspended at the end of May 2022 amounted to over 75,000 people.

This shows the bifurcated gaming market. On the one hand, the business can have a negative impact on people in Swedish society through, for example, gambling addiction. On the other hand, many games for money associate with both excitement and joy, which is the main factor for the growth of the industry.

The fact that you close yourself off from Swedish gambling companies shows that individuals themselves take responsibility for their gambling. On the other hand, it also shows that these people consider the industry unhealthy for them, because they suspect that they risk ending up with a gambling addiction.

The future of the Swedish gaming market

The Internet and changes in the law have drastically changed the way Swedes play. They have created new opportunities for players to enjoy games for money and even to be able to interact with each other online. This is precisely why Swedish gambling companies must follow the new trends in order to benefit from the growth in this market.

Technology in the gaming industry is also developing at a rapid pace. But with so many trends emerging, it can be confusing to figure out which ones will stick and which ones won't.

As it stands right now, the gaming market in the country is expected to become increasingly safer, more regulated and increasingly competitive. Something that in turn will likely affect how we play, how we interact within the games and which devices we use to access them.

While the changes to come may not be as dramatic as many of those we've already seen, these new dynamics are sure to leave their mark on the industry for years to come.