Gambling in Sweden

Gambling has been part of Swedish culture for a long time; since the 1980s, the gambling market although still monopolistic has been commercialized. It’s currently legal to gamble in Sweden and one has to be above 18 years to play slot machines, purchase lottery tickets or gamble online.

You will be able to see different forms of gambling on ferries and in the local bars in the form of blackjack, slot machines and even poker. NetEnt slots are by far the most popular form of gambling online and the company was actually founded by Swedish businessmen.

Legality and Laws

There are two main legal instruments that govern gambling in Sweden; the Casinos Act (1999) Kasinolag and the Lotteries Act (1994) Lotterilagen. These acts ensure that gambling in the nation remains under the control of the Swedish state and its agencies only.

Sweden gaming board has the responsibility of licensing and supervising the overall gambling field. It is charged with also the issuing of permits for lotteries which are distributed through electromagnetic waves. The gaming board also monitors compliance with both the casino act and lottery act.

The Swedish Gambling Authority ensures safety, reliability and legality of the market and contributes to the reduction of lottery operations and illegal gambling in the nation.

Brick & Mortar Casinos

Currently, there are 4 casinos in Sweden which are located in four major cities; Sundsvall, Malmo, Goteborg and Stockholm. All the casinos are owned by Casino Cosmopol, a state run monopoly. Gambling in the entire country is controlled by a Svenska Spel; a state monopoly. Svenska Spel is authorized by the Swedish government to only open six casinos and they are still working on opening the other 2.

These casinos offers a wide variety of gambling options from Punto Banco / Baccarat to Sic Bo and classic casino games, such as Blackjack, Roulette, slots and Texas Holdem Poker.

The game machines in Sweden are known as (VLTs) video Lottery terminals and they are operated and owned by Svenska Spel. These types of game machines are Miss Vegas and Jack Vegas. Jack Vegas are the oldest in the gambling industry and they are mostly found in restaurants and bars. Miss Vegas on the other hand have been in operation since 1999 and they can only be found in bingo halls. Sweden has around 6000 VLTs.

Online Gambling Scene

Though not licensed by the Swedish government, there are other casinos where one can play online in Swedish currency. This does not mean that that are illegal to play but one has to watch where they are licensed to ensure that you are playing in a legit casino.

Though all gambling in this country is controlled by Svenska Spel which includes the control over the online gambling and the brick and mortar business, gamblers are under no obligation to limit themselves to only this option.

Similar to other nations, Sweden has strict laws to govern the gambling industry but not the gamblers, therefore, it is not an offence to gamble online. Svenska Spel may have a benefit of monopoly in online gambling but it also has strict regulations that make it difficult to compete with foreign online casinos.

Example, online poker by Svenska Spel is limited to Swedes which limits the gamblers pool, this make most players in Sweden to prefer the unlicensed operators in order to access larger player pools, greater casino game selection and better sports betting odds.

Though unlicensed, most online gaming sites have licenses in their reputable jurisdiction and they are located in cities where online gambling is legal and they have no obligation to follow the laws of the entire nation especially if the laws violate the European Union trade agreements.

Summary

Regulated gambling market is very profitable for any state and Sweden is no exception. Though with Svenska Spel being owned by the state and holding a complete monopoly, it is fairly unlikely that many companies will spend big money on competing in the market legally.

However, in the meantime, the above information will guide you when gambling in Sweden. For more Gambling help, you can visit this website: https://www.gamblingtherapy.org/sv that will have loads of useful information.

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