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Following the re-regulation of Sweden’s gambling market in 2019, the government believes that stability has been achieved and is now planning to increase the tax rate. However, this decision has faced criticism from the Swedish Trade Association for Online Gambling (BOS). The association’s Secretary General, Gustaf Hoffstedt, expressed deep disappointment and argued that the government’s lack of understanding threatens the industry’s stability.

Recent data reveals that channelisation rates in Sweden’s gambling market are only at 77%, with online casinos struggling at 72%. This falls short of the government’s original goal of at least 90% channelisation.

Hoffstedt warned that if the proposed tax increase is approved by the Riksdag, the industry could return to low channelisation rates seen prior to 2019. He urged the government to reconsider, emphasizing the negative consequences it would have on an industry already facing significant challenges.

The government’s plan is set to take effect on July 1, 2024, raising the tax rate from 18% to 22% for each tax period. The proposal will be presented to the Riksdag in the spring of 2024 for further review.

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