Svenska Spel is the Swedish state gambling operator, founded on 1 January 1997 and wholly owned by the Swedish government. Casino Cosmopol, which runs the country's land-based casinos, is its subsidiary. Its position changed fundamentally when the Gambling Act 2018:1138 took effect on 1 January 2019, ending the commercial monopoly and opening a competitive licensing system under Spelinspektionen. Svenska Spel was among the sixteen companies licensed at the outset, and now operates its sport and casino business in competition with Betsson, LeoVegas, Kindred and bet365 while retaining exclusive rights in parts of the lottery segment. It is the clearest European example of a former monopolist made to compete in its own market.
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Spelinspektionen's preliminary Q2 figures put licensed turnover at SEK7.4bn. The headline growth rate understates what is happening in the commercial online segment, which grew at above 7%.
A Swedish court has torn up Spelinspektionen's SEK8 million fine against LeoVegas's Roar Vegas, ruling the regulator never proved a duty-of-care breach. Coming weeks after the Svenska Spel reversal, it signals that Sweden's responsible-gambling enforcement model may be unenforceable until the rules are rewritten.
Gambling revenue in Sweden saw a marginal increase of 0.5% year-on-year in the third quarter of 2025, reaching SEK6.71 billion ($712.6 million).
The head of Sweden’s gambling trade body (BOS) believes that allowing private operators to compete could have saved the country’s land-based casino sector.
The Swedish iGaming market, now largely mature and operating under stringent regulation, presents unique opportunities for innovation, with online casino