In a recent report released by the Swedish Gambling Authority, it has been revealed that iGaming operators have played a major role in driving the growth of the Swedish gambling market in the second quarter of 2021. The report highlights the increasing popularity of online gambling in the country, with iGaming revenues soaring to new heights.
According to the report, the total gambling market in Sweden generated revenue of SEK 6.4 billion ($740 million) in the second quarter of 2021, representing a 6% increase compared to the same period last year. Of this total revenue, online gambling accounted for a significant portion, with iGaming operators seeing a 13% increase in revenue compared to the same quarter in 2020.
The rise in online gambling revenue is largely attributed to the growing popularity of iGaming platforms among Swedish players. With the convenience of being able to play from the comfort of their own homes, players are turning to online casinos and sports betting sites in increasing numbers. This trend has been further accelerated by the impact of the Covid-19 pandemic, which has forced many land-based gambling venues to temporarily close their doors.
The report also highlights the strong performance of licensed operators in the Swedish market, with the majority of online gambling revenue coming from regulated operators. This is seen as a positive development for the Swedish gambling industry, as it helps to ensure that players are protected and that operators are operating in a responsible manner.
In response to the report, the Swedish Gambling Authority has reiterated its commitment to ensuring a safe and secure gambling environment for Swedish players. The authority has been working closely with licensed operators to implement measures to prevent problem gambling and to promote responsible gambling practices.
Overall, the report indicates that the Swedish gambling market is in a healthy state, with iGaming operators driving growth and revenue in the second quarter of 2021. As online gambling continues to grow in popularity, it is likely that iGaming will play an even larger role in shaping the future of the Swedish gambling industry.
