The state will soon regulate the online casino market

 The Swedish gaming market will soon be re-regulated and a licensing system will be introduced. Starting January 1, 2019, online casinos and other gaming establishments will be subject to an excise tax as well as licensing requirements to operate in Sweden.

On January 1, 2019, an amendment to the Gambling Act will take effect in Sweden. According to the Legislative Council's address, there will be new gambling regulation based on the Swedish gambling market licensing system. The new market means that entities must apply for a license to operate in the Swedish market, and those without a license will be excluded, according to Lotteriinspektionen .

The process of adopting the new legislation has been going on for a long time, already in March 2017 an investigation began proposing the new law, and in December 2017 a legal council review was completed. The Riksdag is expected to decide on the rules for the new gaming market on June 7 or 13, 2018, and if the proposal is accepted, license applications can be submitted to the Lottery Inspectorate as early as August 1, 2018.

Several companies will be covered under the new licensing system legislation.  However, the new laws will not apply to online casino comparison sites such as https://android-casinos.com/ .

The new regulations should apply to all games that are provided in Sweden, even online games intended for the Swedish gaming market will be subject to the law and will have to apply for a license to operate them. The online casino that will be applying for a license in Sweden is called Dreamz.

The background to Sweden's gambling law is that the state decides that gambling should be acceptable from a general point of view and should be conducted in a healthy and safe manner under public control. The goal of healthy and safe operations requires a high level of consumer protection and high security when it comes to gambling operations. Under the Gambling Act, the negative effects of gambling must be limited.

The Swedish Gambling Act distinguishes between the part exposed to competition, which mainly includes online gambling and betting, and the part intended for public games, which mainly includes lotteries and bingo.

The state authority, the gambling authority, must make licensing decisions and oversee gambling activities. The authority must also look for people who try to influence the outcome of games, such as in the case of match-fixing. According to Lotteriinspektionen, a company that is licensed and becomes a licensee must have far-reaching obligations to protect players from excessive gambling. It must also apply to high standards of moderation when it comes to the marketing of games.

The Swedish Lottery Inspectorate also writes about the tax rules that would apply to licensees in the gambling industry.

Excise tax on licensed gambling games is levied at 18 percent of the difference between the total bets and the total winnings paid. Gambling habits in Sweden for centuries, writes this resource.

Privacy Preferences
When you visit our website, it may store information through your browser from specific services, usually in form of cookies. Here you can change your privacy preferences. Please note that blocking some types of cookies may impact your experience on our website and the services we offer.
3178ccfb80210a654109855dc656fe7e