Sweden Proposes Gambling Tax Increase To Generate Additional $50 Million In Tax Revenues

Swedish government has announced that the gambling tax rate in the country may increase from 18% to 22% of gross gaming revenue (GGR) since 1 July 2024. The proposal is based on the belief that the gambling market should have stabilized since the 2019 regulatory intervention and expects to generate additional tax revenues for the state. The government explained that the tax rate amendment is also considered in the light of the proportion of the regulated gambling operations in the country and its impact on the Swedish gambling market. The Online Gaming Industry Association (BOS) opposed and criticized the proposal, requesting the government to reconsider the announced measure as the increased tax rate would affect the channelization rate.