Online Gambling In Sweden

While gambling online in Sweden has been legal for some time – both at land-based casinos and online Swedish gambling sites – a new Gambling Act was passed in June 2018 and went into effect on Jan 1, 2019. Officials hope these new regulations reduce the use of unlicensed online operators, keeping more of the profits at home and taxable.

Europeans of all stripes love gambling, but in most countries on the continent the practice is heavily restricted. Sweden was one country that ran a very strict online gambling regime – until it ushered in new reforms in 2019.

When it comes to online gambling in Sweden, it is legal but operators wishing to provide online gambling services must apply for a license from the Swedish Gambling Authority as of January the 1st 2019. This means any operator wishing to aim their games to the Swedish operator must.
Online Betting in Sweden: The Bookmaker Environment The Swedish betting sites landscape has already started shaping into a truly rich playground comprising both Swedish-owned brands like Unibet, Betsson and Leo Vegas, as well as global powerhouses like 888, Bwin and Bet365.

Let’s look at the new Swedish gambling regulations and what countries that outlaw private online gambling operators – like Norway and Israel – can learn from the Swedes.

Sweden Opens Gambling to Private Operators

Online Gambling In Sweden Now

On January 1, 2019, Sweden brought in new laws that ended the state-run online gambling company’s monopoly and opened the market to private operators. For many years, state-owned Svenska Spel was the only company permitted to offer online gambling to people in Sweden, whether it be casino games, sports betting, or other types of games. Naturally, many companies flouted this law and by 2018, private companies had captured a 29% share of the Nordic country’s $2.5 billion gambling industry.

Partly in recognition of this new reality and partly because they needed the tax revenues, the Swedish government decided to enact new gambling reforms. Under the new laws, Spelinspektionen (or, for those who don’t speak Swedish, the Swedish Gambling Authority) has the authority to approve private operators. So far, the authority has licensed around 100 companies to accept Swedish gamblers.

Win-Win for Swedish Government and People

The biggest winners out of this new law are the Swedish people themselves. Thanks to the online gambling reforms, Swedes can now take their pick from the best gambling sites. The website Casino.se lists the top casino online providers and bonuses for Swedish players.

The government is also a major beneficiary. It’s no secret that legalization of online gambling is a quickfire way to bring in more tax revenues. In Sweden’s case, licensed operators must pay a tax worth 18% of their profits from Swedish customers. These tax payments come into effect this year, and we can expect to see the results of this new revenue source in Sweden’s next budget.

New Swedish Law Also Ensures Players are Protected

The Swedish gambling reforms have struck a balance between giving players freedom to choose and protecting them from bad actors. Promotion of gambling without a license has been banned and the Swedish Gambling Authority has been granted the power to block transactions between players and unregulated operators.

The laws also contain strong regulations about responsible gambling.Spelinspektionen has the power to force private operators to implement certain measures in defence of players. Furthermore, all operators are required to give their users the option of self-exclusion. This is only the first year of the new Swedish online gambling regulations, and we will undoubtedly see more rules brought in to ensure safe gambling in future.

Numbers Indicate Initial Success

The jury is still out on how effective the Swedish laws will be in the long-term and how good an example they set for other countries. But with so many operators already signing on, it can be said that the early signs are very good.

HomeCasinoSweden Online Casinos: Why Go Online For Casino Play

It might seem absurd that many people will stay in their houses in the middle of 2020. After all, it was supposed to be an average year, right? However, the coronavirus pandemic has changed as thousands of people become affected by the virus. Here in Sweden, it became apparent that we cannot return to our everyday lives for more than the expected time frame as this article says. It is time to make sure that we will fight off this pandemic by following protocols to stop its spread.

For this reason, most people these days are staying at home because it is the safest option. There are times when we still need to go out, though, because of various necessities. Many industries found themselves still trying to push for the usual routine. However, most of them are already transitioning to a virtual scenario. Almost every business affected by the coronavirus is opting for such options as casinos.

The Alternative Choices

As we all know, all kinds of entertainment these days have been put to a halt. Everything that is considered “not essential” services were given the notice to stop operation before the pandemic. In Sweden, we tried to see if herd immunity does work, and it was not successful. Ever since then, we are in a cycle of closing and opening in some cities all over the country. If you are into gambling, it is not a good time to go out to these places.

Fortunately for you, there is an option that you may want to explore. Online casinos have seen a boost in visitors since the pandemic started. These establishments already have an existing audience way before everything happened in 2020, as casinoorbit.com/casinon-utan-svensk-licens/ says because some people do prefer them.

It is still similar to any gaming house that you might encounter, but you need to enter a website to participate in the games.

Here’s Why You Should Consider

1. Natural Social Distancing

One of the main advantages of joining an online gaming club is staying in your home. You do not have to go outside anymore to enjoy playing your favorite game. It makes it easier for everyone to keep their distance from each other since COVID does travel through social contact. Once you get the coronavirus, it is already a challenge to live your normal life even if you are asymptomatic. It gets worse if the virus does affect you in a dangerous way.

2. Bigger Prizes

Is Online Gambling Legal In Sweden

Another good thing about these online casinos is the prize pool. As of late, there have been many restrictions regarding the prize pool here in Sweden. It is because of the government’s prerogative to ease the gambling practices of the population. However, online gaming places do not need to worry about these restrictions since they are not under the local government. It means bigger prize pools and better registration perks for new players.

3. Less Gaming Fatigue

Most people would have to play only one game in the local casino, and they would want to stay there for a long time. It can be quite exhausting to do so, especially if many people surround you. Naturally, it will pass as you stay on that table a bit longer. In an online platform, you will be as comfortable as possible since you will be inside your house. There might not be other perks like the various drinks and companions, but it is better than being exposed to a virus.

4. Meetup With New People

It can still happen if you will be at the local casino right now as it is a place to meet new people. However, there are others in the online community that you can connect to relatively quickly. Think of it as like any other game on the internet. You can be as anonymous as possible while still having fun with other people. You do not have to meet them in real life, but that connection is already a good thing even through the comms.

5. Fewer Restrictions

We have already touched this with the bigger prize pool, but there are several other issues that the limits do touch. For example, you cannot play for long periods, and the casinos are sanctioning it. This is often labeled as a break, and it is necessary for those trying to stop their habits. Unfortunately, it can be detrimental to those who are here to have fun.

There are some ways that you can still try to play without these limitations. As we have already mentioned, playing online is an excellent way to do it. It is a safer alternative in many ways.

For one, the pandemic is still affecting the world, and you do not want to be exposed to it. Second, it has the same protections as those who are not online. Third, the limitations are not as strict as those in the local government.

However, be forewarned: it is easy to believe anything online. As long as it has some claim, then you might end up feeling it. It is essential to know whether any claims that these websites distribute are legitimate and would not end up harming you and anyone else. Many bogus online casinos are there to steal from you; always do your research before doing any transaction.

Online Gambling In Sweden Today

Meanwhile, it would also be beneficial to use a platform that knows how to protect you. Most of these online casinos should have a protection system that helps the players with their data. Their businesses must have it, and it should be your priority as a player. The entire registration should also have something about laws covering these data.

Online Gambling In Sweden Sites

Having fun in the middle of the pandemic is not a crime. However, belittling its effects on our country is almost akin to committing something vile and horrendous to your fellows. It is crucial to take caution even when trying to have fun on your own or with other people. Online gaming casinos are a great option, but you need to know when to stop as well. It is a good feeling to know that you are in control of your choices.