In 2019, the Swedish gambling market was de-monopolised and a new gambling law was introduced in the country. Nowadays, there is a new regulatory framework that all businesses in the gambling industry in Sweden must
In 2019, the Swedish gaming market was de-monopolised and a new gaming law was introduced in the country. Nowadays, there is a new regulatory framework that all businesses in the gambling industry in Sweden must comply with. The best sites for casino you find at https://casinonutansvensklicens.org/zimpler-casino/.
But it is not only Swedish gambling companies that have been affected by the re-regulation of the gambling market. Swedish players have also had to change the way they look at gambling and how they play.
As a betting enthusiast or casino game lover, you will benefit from the Swedish gambling law. We will explain why below.
Increased security at gambling companies with a Swedish license
The main advantage you get as a Swedish player on Swedish-licensed gambling sites is that your security is increased. This is because all casinos with a Swedish gaming license, and betting sites as well, must comply with the rules that come with the Gaming Act.
The Gaming Inspectorate imposes strict requirements on operators in the country and ensures that they comply with consumer protection rules. If not, they risk fines and, in the worst case, losing their licence. As a player, this means that you can feel safer on Swedish gambling sites.
Greater convenience thanks to BankID
The BankID e-ID service has not only made it possible for Swedes to send money by Swish, file tax returns on their mobile phones and log on to the Swedish Social Insurance Agency at lightning speed. Thanks to BankID, Swedish players on Swedish gambling sites can also register and make fast and secure deposits as well as withdrawals.
BankID simply makes it more convenient to play. There is no need to fill in an otherwise lengthy registration form and send in various papers to prove your identity. Instead, this is done in just a few seconds. This also reduces the risk of personal information falling into the wrong hands.
Tax-free profits
As before, all winnings are exempt from tax if you play on a gaming site with a Swedish gaming license. In Sweden, it is instead the gaming company in question that pays tax to the Swedish state.
However, if you play on a gambling site that does not have a Swedish licence, all winnings are taxable. In that case, you have to pay tax on 30% of your winnings. If you do not include this in your tax return and the Tax Agency discovers it, it can result in a tax surcharge of 40%.
The bottom line is that there are several advantages to choosing a new casino with a Swedish license over a foreign as a Swedish player. Although the restrictions on the distribution of bonuses were introduced in connection with the re-regulation, the benefits that come with weigh more heavily. As a Swedish player, you can feel more secure on a Swedish gaming site while it is more convenient to play thanks to BankID. Not to mention the fact that you do not have to pay tax on any winnings.