Sweden: Higher tax and new RG measures hit Svenska Spel as revenue dips in Q3
Sports Game · 2024-10-24
Sweden: Higher tax and new RG measures hit Svenska Spel as revenue dips in Q3
Svenska Spel posted year-on-year declines in revenue and net profit in Q3. It blames a higher gambling tax rate and heightened responsible gambling measures for the drop.
For the three months to 30 September, revenue at Svenska Spel amounted to SEK1.78bn ($168.9m). This is 9.2% lower than Q3 of last year, according to the operator’s quarterly report.
Reflecting on Q3, Svenska Spel CEO and president Anna Johnson noted the impact of increased gambling tax in Sweden, which was raised from 18% to 22% of gross gaming revenue in July. This, she said, has impacted Svenska Spel in the past two quarters.
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