The revolution of Swedish gambling
Ever since the 16th century, gambling has been an integral part of Swedish culture. This can be seen through a variety of gaming options, ranging from traditional pastimes like card games and dice to more modern-day offerings, such as online casinos and sports betting. Sweden even has a regulatory authority, the Swedish Gambling Authority (Spelinspektionen). This governing body is responsible for issuing licences to operators, monitoring their activities and enforcing regulations. A tried-and-tested means of entertainment Sweden’s gambling history undoubtedly reflects the underlying socio-economic factors that have influenced its society over time. From its early days as a maritime power rich in trade to its current status as a prosperous welfare state, gambling has remained steadfast in Swedish culture. In fact, it is a tried-and-tested means of entertainment and social interaction. Today, Sweden’s gambling industry is regulated by a comprehensive legal framework that accommodates both land-based and online gambling operators. With a population of over 10 million, Sweden is one of the most lucrative gambling markets in Europe. However, despite its popularity and economic benefits, gambling addiction has become a growing concern in the country. Indeed, it has prompted the government and operators to implement responsible gambling measures. A new framework In January 2019, the Swedish government adopted a new framework for gambling regulation. This aimed to increase consumer protection, combat illegal gambling, and promote responsible gambling. Svenska Spel, the state-owned company, currently holds a 49% market share of land-based casinos, lotteries, and sports betting. Private operators such as Betsson and Kindred Group also play… Read More
