Sweden’s gaming tax revenue exceeds expectations

The new regulatory regime has brought in more money for the Swedish government as it collected nearly SEK1.84b (US$190.7m) in gaming tax revenue during the first half of 2019.
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2nd August 2019
CalvinAyre Newsletter
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Sweden’s gambling tax take is double what gov’t expected
Someone’s having all the fun

The Story

Sweden’s Skatteverket tax agency reported a new record for its gaming tax revenue as it collected nearly SEK1.84b (US$190.7m), twice the sum that the government projected, during the first six months of the year. While the government is happy as it collected more money, Sweden’s online licensees – including the state-run Svenska Spel former gambling monopoly – have almost uniformly reported significant declines in their Swedish revenue. The 86 licensed companies in the country’s new gaming regime experience an 18% cut from their gaming revenue and collectively pay SEK67m for their licenses.

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Congratulations to Dr. Samantha Ravich for being named to the Board of Directors of IGT! Ravich is currently serving as the vice-chair of the President’s Intelligence Advisory Board and has served as the Deputy National Security Advisor for former Vice President Dick Cheney.
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