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It's Actually Quite Lucrative

The Swedish online casinos gambling industry is extremely lucrative for the country’s government – but unfortunately for other EU member-states, that is the only entity benefiting from the healthy Swedish gambling market. Sweden is one of the ten EU countries currently ignoring investigation by the European Commission and continuing to operate an online casinos gambling monopoly that specifically blocks out foreign competition and access to the Swedish market.

Svenske Spel is a state-run internet gambling company that offers a slew of different forms of online casinos games specifically for the Swedish market and huge portions of the company’s revenue goes directly back to the Swedish government. At this point the Swedish government is extremely reticent to alter online casino gambling legislation despite the Commission’s pressure because many industry analysts surmise that it could still be years before a case is brought up before the European Court of Justice regarding the government monopoly. Additionally, many anticipate that any fines would still justify the extremely lucrative gambling revenues that the government uses to pay for social programs and fund other areas of the government’s budget.

Seveske Spel is just one of the several online casinos gambling monopolies operating in the EU at this time, and like Svenske Spel, the other monopolies are showing similarly high levels of profit and annual increases in gaming revenue. For the countries that have operated internet gambling monopolies for several years, the prospect of losing that source of revenue can seem impossible. After all, many of the government’s budgets are structured to include the millions in profits from online gambling monopolies.