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What will the iGaming industry in Sweden look like in 2021

What will the iGaming industry in Sweden look like in 2021
What will the iGaming industry in Sweden look like in 2021

Image by stokpic from Pixabay

Have you ever thought about how complicated it can be to use slot machines or register on a gaming site? In that case, you are not alone. Sweden is one of the countries with the strictest rules regarding gambling in the world.

For example, there may only be four physical casinos in Sweden. These may have branches in nightclubs and the like, but there may not be more. There are also rules for where and how slot machines may be placed. To most people, it probably feels like a jungle. So let’s sort it all out together.

What does the law say?

When you think of legal text, you rightly think that the language can be complicated and complicated. Still, it is easy to read for yourself what our laws say. You can easily find it on the Riksdag’s website the Swedish gaming law for example. A team that has quite a lot to say about. To be able to run a business, you must have a license. Depending on the type of business you run, there are also several requirements that you must comply with. The law is there to protect the public from the possible consequences of too much gambling.

What’s up right now?

During the past year, the government introduced several restrictions on online gambling. If you have a license, you must follow them. You can easily find information about government decisions on for example the Swedish Public Health Agency’s website. Probably because risks around addiction fall under their responsibility.

Some of the restrictions that have been introduced mean that you can only deposit SEK 5,000 in one week. Which is still SEK 20,000 in one month, so it is not a very small amount. The gaming companies may only give a welcome bonus that may not exceed SEK 100. Additional requirements are that players should be able to suspend themselves from playing via a service called a Break.

You must also set a maximum limit for how much you can play and how much money you can bet. In addition to this, the gaming companies must also offer self-tests. All of this must be visible at the top of the page.

Pooh! Lots to keep track of to be able to have fun for a while.

What can be good to know?

Image by succo from Pixabay

If you go to Spelinspektionen’s website, you can see all online casinos that have a license. Right now, 70 different gaming companies have a license for online gaming. You can also see which companies have received remarks and warnings. You can of course choose foreign casinos without a license instead if you want to avoid all the hassle. Just make sure you know if the gaming company you choose is reliable.

What have we come up with?

Sweden likes its permits and licenses. You probably already knew that much. We have all heard about how a restaurant must have a dance permit. Otherwise there may be a fine. Therefore, it is not very surprising that the gaming law looks the way it does. Whatever we think about the state going in and deciding on our time and our assets. This is how iGaming will look in Sweden in the coming year.

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