Sweden’s government (Regeringen) has announced proposals to increase the gambling tax rate in the country from 18% to 22% of gross gaming revenue (GGR).
If approved, the tax rise will come into effect in Sweden from 1 July 2024. Regeringen says such a move could bring in an additional SEK540.0m (£39.3m/€45.5m/$48.4m) in additional tax revenue each year.
Regeringen adds that the decision to raise tax is based on the belief that the market should have stabilised since reregulation in 2019. Sweden opened its igaming market that year, allowing operators to apply for licences and legally offer gambling in the country.
