Gambling in Sweden

The state is one of Europe’s most reliable and safe gambling markets. There are around a hundred gambling operators that have active licences in Sweden. In 2020 and 2021, the Swedish gambling market contributed 24.7 billion and 26 billion of the total gross revenue. This means that gambling activities in Sweden account for at least one per cent of the disposable income in the region.

You will find that the bets placed on horses in Sweden are around two billion kronor. These facts prove that gambling is an important part of the Swedish market. This article will take a closer look at the history, gambling laws, and online gambling. It also explains how casinos operate in Sweden. Read on to learn more!

History and Gambling Laws

Gambling in Sweden dates back to the ancient times when historians discovered the term. The first casino, Ramlosa Brunn Casino in Sweden opened in the 18th century. It offered various types of gambling games, such as basset, roulette, and farah. However, in the 1800, gambling was banned due to religious concerns. Almost a hundred years later, the state legalized lotteries.

In the late 1900s, the Swedish law legalized other forms of gambling, such as slots. The first gambling place in line with the Swedish laws opened in 1999. At first, the gaming market was a monopoly run by state-owned companies. It was not until the Gambling Act came into force in 2019 that things changed. The act prohibits illegal gaming and empowers the Swedish Gambling Authority to regulate gaming activities in the region.

Casinos in Sweden

At present, there are only four land-based casinos operating in Sweden. Svenska Spel is the company that owns and controls the four casinos. The government runs the company and controls a big part of the gaming market. The first of the four opened in 2001 and is known as the Casino Cosmopol Sundsvall. It has at least fifteen gaming tables and over a hundred slot machines.

The other casinos are Casino Cosmopol Malmo, Casino Cosmopol Goteborg, and Casino Cosmopol Stockholm. Two of the four casinos have more than 300 slots. Also, all the casinos operate in four cities in Sweden as the last names of the casinos. The original plan by the Swedish authorities was to open six land-based casinos, but they decided to reduce the number to four.

Online Gambling

Unlike land-based casinos, online gaming has been legal since 2002. The Swedish law allows casinos and players to be part of online gaming within their jurisdiction. You can gamble at an online casino in Sweden if you are at least 18 years and above. The online casinos have valid licences from authorities such as Malta Gaming.

You will find exciting games at the online casinos, such as slot machines, online poker, keno, online bingo, and so much more. In most cases, the online casinos will have generous welcome bonuses for new users. The casinos use standard software to ensure your gaming activities are safe and secure.

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