Swedish Gambling Authority · Overview
The Swedish Gambling Authority is the governing body which oversees all the gambling activities within the Kingdom of Sweden. It came on the scene in 2018, and since then it managed to establish as a player-first policy, and firm views on responsible and transparent gaming. The online betting scene in Sweden is active since 2019, but in that small time it turned into a well respected and strict gaming authority. The SGA is known for the strict regulations and anti-crime stance. This means that your safety and comfort are their top priority. In addition to licensing, the SGA grants all types of gambling/gaming permits, surveillance and regulation of lottery tickets, supervision of gambling and lottery operations, train and inform on gambling and lottery legislation and inform the government of any developments in the Swedish and foreign gambling markets.
Swedish Gambling Authority · Details
The Swedish Gaming Authority, as responsible for all gambling in Sweden, issues 6 different licenses:
- Commercial Online Games
- Land-Based Commercial Games
- Games on Ships in International Traffic
- State Reserved Games
- Public Purposes Games
Furthermore, all operators with a license pay 18% tax from profits acquired on any gambling in Sweden. The only exception is gambling for non-profit purposes. Additionally, if a player wins money from an operator without a license, the player still has to pay tax on the profit. The license is valid for 5 years, with the Swedish Gaming authority giving you the list of games which the license covers.
The license fee for both betting and casino is 400.000 Swedish KR, while obtaining the two at the same time will cost you 700.000 Swedish KR. Any further update or alter of all three licenses will cost 300.000 and 150.000, respectively. Bellow you can see the license types the Swedish Gaming Authority provides, as well as their cost:
- Commercial – Online Games & Betting – 400.000 SEK, 400.000 SEK (Both 700.000 SEK)
- Lottery & Bingo – 30.000 SEK
- Horse Racing, Slots and Casino – 3.500 & 70.000 SEK