Online casino sweden

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On top of this you gain comps as you play, regular players can exchange the comps they received for real cash and they receive cash back on their losses.

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October 19, 0. It also has a fantastic range of poker, blackjack and pontoon games, as well as other casino card games. It has more than slot games from the best software providers, and offers Swedes a fantastic sign-up bonus: Sweden has a long and storied history of gambling, dating back to the year , when King Olaf settled a territorial dispute with Norway over a game of dice.

In the centuries since, gambling has been a popular pastime for Swedes, although 21st century laws have seen the industry regress behind more liberal approaches to gambling throughout the European Union.

Online casinos currently welcome Swedish players, and those living in Sweden have many different options available to them — both land-based and online — if they fancy a cheeky bet.

Gambling is legal, albeit restricted behind a state-controlled monopoly, making it difficult for the industry to flourish in the face of an ever-growing global casino push.

Gambling in Sweden is currently controlled by Svenska Spel, which is a state-owned company controlling the gambling sector in the country.

This body owns and operates every business that offers gambling services, including any online gambling outlets. The good news is that Swedish gamblers do not need to limit themselves to Svenska Spel-owned companies.

As the laws are fairly loose when it comes to players, gambling is incredibly popular in Sweden. This means that sports betting, casino gambling, casino tourism outside of Sweden, and online gambling is common among Swedes.

The problem with this is that a lot of the money being spent by Swedes on gambling outlets outside of Sweden could otherwise be pumping money into their own economy, but due to the state-owned monopoly, this limits that.

This limitation hurts prize pools, odds, and the selection of casino games on offer, pushing a lot of the gambling happening within Sweden to underground gambling outlets.

The EU has been aggressive in sanctioning Sweden for what is deemed to be regressive restriction on gambling in an attempt to encourage the country to expand its horizons and opening the gambling up to the private sector.

There exists even some gambling sites that are based within Sweden, but operate unlicensed, and therefore illegally. This occurs, as the odds and transfer of money happen from outside of the country, making it difficult for Swedish authorities to tackle.

There are pieces of legislation that govern gambling in Sweden: These Acts were created to ensure that all casino-related and lottery-related gambling is to remain under the control of state-owned enterprises.

Gambling licenses can be granted by one body and one body only: This board monitors and regulates the industry, ensure it is safe, trusted, reliable and legal.

Interestingly, the board has granted only one license, and that was to Svenska Spel. Many consortiums have attempted to challenge this state-owned monopoly in court, and all were rejected and failed by the Swedish court system.

There is good news, however, and that is that despite being state-owned, the gambling scene in Sweden is rather strong. There are four casinos, owned by the state-run monopoly Casino Cosmopol, which is itself controlled by Svenska Spel.

These casinos offer all sorts of games for players, including blackjack, roulette, baccarat, sic bo, and slots machines. There are no licensed Swedish online casinos, but Swedish players are still free to gamble online.

A number of casinos also offer Swedish currency, making it easier for players to deposit and withdraw winnings in their own funds. There are a number of online betting agencies licensed by the government, but no online casinos.

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Sweden to end online gambling monopoly

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