EU Commission sues Sweden over online betting, poker laws

Gambling Taxation – Do You Owe Taxes After a Win

Luckily for Swedish gamblers, the burden of taxation rests on operators. That means that no matter how much you win, players do not need to pay gambling taxes. For local and foreign operators, there is a tiered taxation and annual fee system applied to gambling revenues.

Taxes do not need to be paid for revenues generated for public interest purposes, such as charities or fundraising for public projects. Otherwise, operators will need to pay taxes on gross gaming revenues (GGR). All operators must pay a base tax rate of 18 percent on GGR. An annual supervisory fee will also need to be paid depending on GGR.

Initially, a license applicant must pay a fee of 450,000 SEK, or roughly €50,000, for its first year of operation. Depending on the performance of the operator, it will then need to pay an annual fee based on its GGR, which could be anywhere between €3,000 and €55,000.

Gambling-related Winnings May Be Taxed.

Winnings through state-run gambling activities are not taxed, while online gambling winnings are taxed.

Sweden is not the only country that does not tax players on their gambling winnings. Neighboring Finland, which still runs a gambling monopoly system also does not charge gamblers taxes on their winnings. Likewise, operators must pay taxes on their gross gaming revenues. The United Kingdom follows a similar model.

Conversely, while it does not charge players taxes for gambling winnings made through its state-run system, neighbouring Norway taxes online winnings on foreign operators. This is because Norway does not offer licensed online casinos, and instead tolerates its players playing on European operators’ casinos.

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How To Play Poker at Casinos Without a License in Sweden

06:5629 Jun

Swedish people love poker. The new Swedish Gaming Act forbids unlicensed casinos from operating in Sweden. Despite all the noise, Swedish players can still register at online casinos without a license. However, you should not choose a casino without a Swedish license blindly. Instead, look for reputable casinos that have been there for a long time and have a track record of treating Swedish players well. Make sure that they have a valid license from foreign authorities.

Fast Payout Online Casino Sweden

No matter whether you love playing slots online or spin the wheel in Roulette, the wins are much sweeter when you’re able to quickly cashout your winnings from the casino!

Luckily, fast payout casinos for Sweden feel the same way, and the best of the best process cashouts the same day, and sometimes cashouts take only a few hours. To enjoy fast casino payouts, you should consider two important things:

1. The casino’s withdrawal processing period
2. Casino’s payment options

A casino’s withdrawal processing time is the duration a casino takes to approve your cashout request. Fast payout casinos usually take up to 24 hours or one business day to authorize withdrawals if you have a verified account with them. Account verification is typically a one-time procedure of presenting your ID /Address proof to the casino. Casinos state the withdrawal times on their websites, but these can vary depending on your location and your chosen payment method. If you’re very particular regarding payout times, it’s best to ask the casino’s customer support beforehand.

A casino’s payment options also influences the cashout times. Same day withdrawal Swedish Casinos or Instant Withdrawal Casinos, as they are popularly called, offer many reliable and quick payment options.

If you want the fastest cashouts, Ewallets and Direct Bank Transfer services such as Klarna and Trustly should your number one choice. Ewallets such as Skrill, Neteller, and ecoPayz are extremely popular in online casinos and offer fast withdrawals (few minutes, or up to a few hours), once your withdrawal request has been approved by the casino. Credit card and debit cards casino withdrawals usually take 3-5 working days, and although they’re slower, they are still very popular among the Swedes.

It’s also worth noting that casinos allow withdrawals through the same payment methods that you used when depositing money in the casino. Also, the amount may affect the payout times. A big cashout request worth thousands of SEK or more, will most certainly require additional checks by the casino, which will extend the cashout times too.

One of the most important features of a top casino is super-fast cashouts. And so, in this section, we feature the best online casinos for Sweden that offer fast withdrawals and quick cashout times.

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Duty of care

Gambling should be something that is made for fun, unfortunately that is not always the case. Some have an unhealthy relationship with gambling or are at risk of getting in trouble. The industry’s various operators and suppliers have a major responsibility for the player and for minimizing the risk of problems. The products, marketing, distribution and sales should all be designed to minimize the risk of excessive gambling.

Sper has created a common practice by developing and adopting principles and guidelines that aim to further strengthen the responsibility for the player in Sweden. This work and commitment not only ensures consumer protection but also a long-term sustainable gambling market.

The guidelines are reviewed by Sustainable Interaction and approved by all members of Sper.

Sper are members of the European Association for the Study of Gambling (EASG) with aim to increase the level of dialogue between its members representing various aspects of gambling.

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Slot and other machine games

The regulation here is provided by the Lotteries Act that makes a difference between various types of gaming machines.

Online Casino Laws in Sweden

Before the new Swedish casino laws, other platforms were able to operate in the country with licenses from overseas jurisdictions, like Malta or the UK. Yet, the new regulation stipulates that all online gambling sites in Sweden will have to obtain a license to operate in the country. Any gambling aimed at the Swedish market without a license will be sanctioned.

As reported by online casino news, the new law applies a tax of 18% for every online gambling operator. Online casino advertisement is also to be restricted, and Svenska Spel has already prohibited. The standard license will have a duration of five years. However, due to precautionary measures, some operators which have been involved in legal issues in the past might be granted licenses of two years only. This strict control is to prevent gambling problems, as the Swedish Gambling Authority is focused on keeping a safe environment for gamblers.

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4. Transparent and Fair Casino Bonus Terms for Swedish Players

If you’re like us, you’re always hunting for the next generous welcome bonus that will award you huge deposit matches or free spins on your favorite online slots. However, we’re sure that you’ve realized by now that many online casinos seem to offer a lot in the bold text, but on closer inspection, offer very little.

We’re talking, of course, about the terms and conditions of casino bonuses. When we’re reviewing an online casino, we’re immediately turned off if the casino adds unrealistic wagering requirements on bonus funds or gives short deadlines to meet the requirements.

If you’re about to sign up for any safe online casinos in Sweden, be sure to look out for how long the bonus lasts and the wagering requirements (WR), which will ideally be between 20X and 40X. Also important are the limitations on how games count towards the WR and the contribution percentage to meeting the WR of game types.

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Gambling Resorts

There are four land-based casinos in Sweden. They are all titled Casino Cosmopol and are owned and operated by the state-run Svenska Spel, which used to also operate all of Sweden’s licensed online casinos. The casinos offer full-scale casino gambling, though do not offer accommodations like other casino resorts.

In addition to operating casinos, Svenska Spel has created a number of games that are available to play within its casinos. The casinos are located in Stockholm, Gothenburg, Malmo and Sundsvall. The minimum age to visit these casinos is 20 years old, which was an increase from 18 years old as outlined in the Gambling Act of 2018.

Online Casinos in Sweden

Online gambling in Sweden is monitored, regulated, supervised and licensed by the Swedish Gambling Authority. They ensure that all casinos, bingo halls, gaming machines and lotteries abide by the current legislation. 85% of Swedish nationals admit to partaking in gambling every year which is one of the highest percentages in the World. Online gambling became regulated in 2019. Svenska Spel operates all of the land-based casinos, run the lotteries and control online bingo and poker websites.

Index Hide Show

1. Legal Online Casinos in Sweden 2022
2. Online Slots Sweden
3. Online Casino Games in Sweden
4. Casinos in Sweden
5. Gambling Laws in Sweden

Online Casino Sites Accepting SEK

Swedish players will still be able to use the local currency, despite the international operations in the online market. Operators such as 888casino or 22BET Casino are among the online casino sites accepting SEK. Playing in their local currency not only allows players to avoid any conversion fees, as it also helps them to control better their spendings.

Swedish start-ups popping up like mushrooms

Things have rapidly changed ever since. In 2020, a total number of 81 new gambling companies opened their doors in Sweden. This is quite a number as a significant portion of the gaming companies that are launched in Sweden have turned out to be highly successful. Something that definitely helps starting entrepreneurs in the country is that there are lots of start-up hubs and iGaming clusters to help new organisations kick off their activities.

Sweden is also considered one of the top 10 most competitive nations in the world, according to the World Economic Forum's Global Competitiveness Index (during its last pre-pandemic list). This high ranking is explained by the country's stable economy over time, high rate of ICT adoption, innovative capability, and entrepreneurship.

Table Games Available

There are about 30 table games available at the casino including all of the games listed below.

• Blackjack
• Caribbean Stud Poker
• Punto Banco
• Texas Hold’em Bonus
• Roulette
• Casino War
• Big Wheel

Slot Machines

There are 327 slot machines available at Göteborg Casino which includes internationally recognized titles, as well as games that are traditionally popular in Sweden. The casino added 150 new titles to their slot machine line up In 2012. Among these slot machine games are traditional 3 reel 1 line slots as well as video slots t featuring exciting progressive jackpots.