Sweden Experiencing Gambling Revenue Decline

Published Sunday, February 09, 2014 - Online-Casinos.com
Sweden Experiencing Gambling Revenue Decline

The industry of online gambling is worldwide with different jurisdictions each experiencing issues such as politics and taxes and the usual up and downs. Much of the revenues generated by online gambling for governments that have regulated and licensed the activity go to keeping social programs viable and budgets on track. There has been controversy in political circles that points out the addiction that governments have regarding the revenues from gambling. When those revenues fall administrations scramble to improve the situation or analyze the reasons and look for alternatives and solutions.

European gambling is going through decline in general and those countries experiencing this slowdown in wagering are comparing their gambling revenue results with those before the liberalization to include international online gambling operations.

In Sweden for example the gambling scene has fallen again in 2013 for the third year in a row. Sweden’s Lotteriinspektionen said the total turnover in 2013 was down 0.3 percent over last year. The stats revealed that revenue flowing out of Sweden to internationally licensed online site increased by 2 percent while spending remained the same. Sweden as well as other jurisdictions are starting to counter the exit if funds to international offshore firms by introducing things to deter the local gamer form going to places other than the authorized government sites. In Sweden adverts for offshore sites are prohibited and lotteries “of foreign origin” are illegal.

Director general of Sweden’s Lotteriinspektionen, Håkan Hall Bergstedt said his country’s “subdued demand” for gambling was a familiar pattern being experienced across Europe’s regulated markets. France has a similar problem with declining revenue and has introduced an advertizing campaign that exposes the dangers of gambling on unlicensed web locations. Sweden has been using adverts to promote gambling at the government licensed web locations which some critics and the European Commission call unfair monopoly marketing.

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