Online gambling & Casino in Sweden
The year 2019 was a game-changer for Swedish gamblers. After a long debate on the matter, the Swedish government decided to change its gambling system completely by going from a state-controlled monopoly to national licensing. This was due to the fact, that more than half of Swedish gamblers preferred so-called foreign online casinos rather than Sweden’s own Svenska Spel’s games. The state felt most of the money used for gambling was going abroad and also these foreign gambling sites were not under its control.
These days any gambling site that wants to offer its services to Swedish players have to apply for the Swedish gambling license from its gambling authority, Spelinspektionen. This way the government feels it can control all gambling sites operating in the country, defend the Swedish gamblers rights in the industry and protect them from possible harm such as problematic gambling, money laundering and frauds. Not to mention the massive tax income the new licensing system will create.
Although the new system sounds good, Swedish players are still able to create an account for foreign gambling sites and play without any restrictions on the matter. Therefore this has led to a situation where some of the gambling sites have a Swedish license and are better controlled by the Swedish government whereas some sites operate under, for example, Maltese or Estonian gambling laws. Even though they are not controlled by Sweden, most of these casinos have strict laws to follow and requirements to fill. They are called casinos without a Swedish license, and you can read more about them from the CUSL website.
The differences between Swedish casinos and casinos without a Swedish license
Casinos with a Swedish license faced new rules in 2020 that were meant to protect the Swedish gamblers better. Spelinspektionen ruled that a weekly deposit limit was set to 5 000 Swedish kronor and casinos could only offer 100 Swedish kronor worth of bonuses at once. Meanwhile, the same restrictions do not apply to online casinos without a Swedish license and this means players can find better bonus offers, deposit and withdrawal limits from these websites.
Also, players playing on a website without a Swedish license can not use Sweden’s Spelpaus-responsible gambling tool. This means that you can restrict yourself from gambling with your BankID account and take a break from all Swedish casinos. The break can be set up to 1, 3 or 6 months at a time. Nevertheless, other online casinos operating under EU laws need to also offer tools for responsible gambling such as self-restriction and deposit limits on their website.
Pay N Play casinos are gaining popularity
The tightening of the rules has led to more and more casinos thinking about whether they should apply for the license or not. This has led to a mix of different types of casinos available for Swedish players. It is the gamblers obligation to find out whether the casino is under the Swedish license or not. The most famous one of these is Pay N Play casinos, which are focused only on Swedish, Finnish and German players.
They are also called casinos without a registration, which tells you exactly their difference from other casinos: you don’t have to register. With innovation from the Swedish payment service Trustly, new customers can create a digital account by only depositing money from their online bank. In Sweden, the online banking service is provided by BankID or any other internet banking solution that works together with Trustly.
Deposits – and the new account – will be ready in under a minute at best meaning the player can start enjoying the vast amount of different casino games faster than normally. After the player is done playing, one can easily withdrawal their funds with Trustly again and the money will be transferred back to the bank account used in a deposit within minutes.
What is Trustly?
As a fintech company, Trustly has been operating since 2008 and works in over 200 countries at the moment. It has formed a co-operation network with thousands of banks worldwide. Before Pay N Play casinos it was a very popular way to deposit and withdraw money from one’s casino account, but since its Pay N Play service, the popularity has skyrocketed. You can still find Trustly as a normal internet bank transfer method offered by hundreds of online casinos – not only casinos without an account.
On Pay N Play casinos all money transfers are done fast and free of charge. You only need your online banking details on hand. First, you choose the amount you want to deposit following by a list of banks. The transfer is then finalized with BankID or the banks own service. Trustly is a safe and secure way to transfer funds all around the world and the company is constantly finding ways to expand its operations. One being listing on Stockholm´s Nasdaq stock market and later on US markets.
Swedish gambling will see changes in the future as well
It is safe to say that the new Swedish gambling Act needs time to be perfected and there might be new changes ahead as well. The Swedish government is keeping a close eye on the gambling market and its changes with researches and stats. Therefore, the Swedish gambler might face exciting news shortly.
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