ONLINE GAMBLING IN SWEDEN IS GROWING RAPIDLY
The online gambling market in Sweden has grown rapidly in recent years. Why is online gambling so popular in Sweden and how much do Swedes gamble? Join us below on a gambling-focused journey into the big casino heart of the Swedish people?Or right now visit the site https://www.svenskcasinoportal.com/ where the most popular casinos in Sweden are collected.
Swedish online casino gambling is growing rapidly
More and more Swedes are playing online casino games. In 2020, the Swedish people spent almost SEK 25 billion on Swedish gambling sites. This corresponds to an average of about SEK 3,000 per person. As many as 72 percent of the Swedish people have gambled in the past 12 months, according to the Swedish Gambling Authority's report from November 2022. 38 percent of the individuals surveyed stated that they had engaged in gambling in the past week. This represented an increase of 4 percent compared to the previous report, which examined the gambling habits of Swedes. An overwhelming majority - 85% - gamble online from the comfort of their homes.
Online gambling is easily accessible around the clock
Online gambling offers several significant advantages over traditional physical gambling halls. Customers can play around the clock at online casinos. Furthermore, the range of games is much more extensive online than in physical casinos. The high level of security in the Swedish online market is attracting more and more Swedes to try gambling online. At so-called Zimpler casinos, customers can make deposits and withdrawals using Zimpler and other safe and popular transaction methods. The Swedish-based company Zimpler has specialized in making mobile-based transactions easier and safer.
The Swedish gambling market is not cyclical.
Many people increase their savings during economically turbulent times. But at the same time, the need for entertainment is high regardless of whether the economy is booming or recessionary. As many as 78% of Swedish gamblers state that higher prices will not affect their gambling consumption. Only 19 percent of the surveyed individuals stated that their gambling will decrease as a result of a worsening economic situation. Furthermore, three percent claimed that their online gambling would increase during a worsening economic climate.
Few Swedish physical gambling halls
Despite the great Swedish interest in gambling, there are currently only three physical casinos in Sweden. The monopoly company Casino Cosmopol operates these physical gaming halls in the country's three largest cities: Stockholm, Gothenburg and Malmö. This means significant geographical distances to the nearest physical casino for a significant part of the Swedish population interested in gambling. Unsurprisingly, this has resulted in the majority of Swedes choosing to gamble online instead, where the range of options is much greater.
Online casino gambling and online betting are on the rise
Statistics from Spelinspektionen indicate that both the online casino market and online betting continue to grow in Sweden. This indicates a diversified Swedish market that demands complementary online gaming products.
Swedish players prioritize Swedish online casinos
A large majority of Swedish players choose Swedish gambling sites according to statistics from the Public Health Agency of Sweden. The term Swedish casino refers to gambling sites that have a Swedish license. A major advantage of Swedish casinos is that they offer a very high level of security. This is because the Swedish Gambling Authority imposes high quality requirements on gambling sites that apply for a Swedish license. Furthermore, all Swedish gambling sites are required by law to offer various gambling restrictions such as deposit and loss limits. More than 60% of Swedish players are aware of the Swedish self-exclusion register Spelpaus. Overall, these features reduce the risk of gambling addiction and other forms of excessive gambling. Another major advantage of Swedish gambling sites is that all realized winnings are 100 percent tax-free. In contrast, Swedish players must pay 30 percent tax on all winnings from foreign online casinos.
Most Swedes play via their smartphone
Sweden is one of the world's most digitalized societies and Swedes are avid consumers of all kinds of mobile-based services. For this reason, it comes as no surprise that a whopping 98% of Swedes up to the age of 55 say that they mainly gamble via their mobile phone. Mobile casinos offer unbeatable flexibility and provide 24/7 gaming entertainment regardless of where you happen to be.
Closing words
The Swedish online casino market is growing rapidly. In 2020, the Swedish people played for almost SEK 25 billion at Swedish online casinos. As many as 72% of Swedes stated that they had engaged in gambling in 2022. A high demand for gambling and only three physical casinos in Sweden have stimulated the rapid growth of the Swedish online casino market.
