As there are numerous betting fans in Sweden, it comes as no surprise that many of them enjoy making sports bets online. This is why for quite a few years, the government had taken things into its own hands. This is why the state was regulating the local online betting market and made sure that punters are always properly protected and can enjoy a safe and fair virtual betting.
At the end of 2018, there were some changes to the Gaming Act according to which, since 1 January 2019, the age restriction for online betting is 18 or older. Meanwhile, to enter a land-based gambling facility, Swedish residents must be at least 20 years of age. While online betting is legal in Sweden, there are certain requirements that an online operator must meet in order to be eligible to provide online betting to Swedish residents.
When they wish to top up their accounts and cash out their winnings, Swedish bettors will be able to utilize a few payment methods. Those are all properly regulated and ensure that while making bets online, Swedish punters and their funds will be protected in the best way possible.
Legalities of Online Sports Betting in Sweden
Historical Betting Overview
It has always been a goal of the Swedish government to establish a gambling monopoly and regulate the industry in order to prevent any illegal gambling activities. These efforts have led to the establishment of a local land-based bookmaker in 1934 which was known as Tipstjänst. As a way of monopolizing betting, the state bought Tipstjänst in 1943 and in 1977 it was merged with the state lottery, changing the operator’s name to Svenska Spel.
Following the monopolistic pattern, Svenska Spel has become the only operator that was allowed to offer betting, lottery and even gaming machines to the Swedish public. Although there were some changes introduced to the Gambling Law in 2002, they just allowed Svenska Spel to provide even more products to Swedish people.
In 2005, the major company of Ladbrokes made an attempt to put an end to the monopoly and also establish a sportsbook on the territory of Sweden. However, all of that was in vain, as the government refused to issue Ladbrokes such permission. Despite that, there was no law that was preventing local bettors from joining foreign online sportsbooks. This meant that Swedish punters had a choice between betting sites regulated by Svenska Spel and virtual bookies that were based outside the territory of Sweden.
Due to the constant pressure from the EU for Sweden to change its monopoly-based betting laws, in 2018, there were changes in the Gambling Act which came into effect on 1st January 2019. According to the new law, all gaming and betting operators that provide their services and products to Swedish bettors and players must obtain a license in Sweden.
What You Need to Know About Sports Betting in Sweden
Online sports betting has been legal in Sweden since 2002. Initially, the state-owned company Svenska Spel was the only one allowed to offer sports betting to Swedes. For years, the government was not willing to open the Swedish sports betting market to foreign operators. Sweden was scolded by EU officials who explained that the country’s gambling and sports betting monopoly is against the EU rules on the “free movement of services”.
In 2013, the EU announced that the Swedish government is not allowed to block or restrict Swedes from accessing foreign web-based sportsbooks and casinos. Thus, the government’s sports betting and gambling monopoly have started to lose ground. A growing number of Swedish people decided to join foreign sportsbooks and casinos due to the better odds, generous promotions, and multiple gambling and betting options they offer.
In 2015, hopes that the government will liberalize the sports betting and gambling market have arisen. Two years later, the government revealed its plans to put an end to its monopoly. In 2018, Swedish officials announced that foreign operators are allowed to submit their license applications.
At the moment, the Swedish Gambling Authority is responsible for overseeing and regulating the sports betting market. Operators who hold a license from the local regulator can accept punters from Sweden. Sports fans do not have to pay taxes on their winnings.
Odds Format in Sweden
Usually, sportsbooks choose to express odds in several different formats. Since many foreign betting websites have obtained Swedish license, they also strive to offer the most convenient betting experience to all of their members, including Swedish bettors. Being able to choose the odds format is also an important factor that will make one’s betting time more enjoyable.
The three most popular formats for expressing odds include decimal, fractional and American. Decimal odds are considered by many to be the easiest ones to use and they are the format that most Swedish punters prefer. An example of decimal odds is 1.78 which will indicate that a winning bet of 1 unit will bring a reward of 0.78 which will result in a total profit of 1.78 units.
While decimal or European odds, as many call them, are preferred by most Swedes, many sportsbooks allow their members to choose between different odds formats and pick the one that suits their preferences the best.
Sweden Betting Laws and Legislation
As the continuous monopoly system which was controlling the betting market in Sweden was frowned upon by the EU as it was considered contradictory to the beliefs for free trade, 2018 brought some changes to the betting law in Sweden.
According to the new law which came into effect at the beginning of 2019, all betting operators which accept punters from Sweden must have a license issued by the jurisdiction of Sweden. This has allowed many foreign betting websites to legally offer their services and products to residents of Sweden and overcome the monopoly which was ruling the betting market in the country for years. Licenses cost between 400 00 and 700 000 SEK and will be valid for 5 years. The operators that have obtained the Swedish license will have to pay an 18% tax on their revenue.
Due to the changes in the law, online gambling is available to individuals who are 18 years of age or older. Meanwhile, land-based casinos and bookies can be entered only by players/punters who are at least 20 years of age. One of the biggest challenges introduced by this new law is the limitations of promotions to only one Welcome offer. This would mean that operators will have to resort to alternative ways to earn the loyalty of Swedish punters as they will not have access to weekly bonuses or other exclusive promotions.
According to the 2019 Gambling Act, betting and gaming operators who accept Swedish players/punters must require their members to set betting limits. This is done so that it ensures safe and responsible gambling for Swedish residents who bet online. In addition to that, the law also requires moderation of marketing, especially to individuals who have requested self-exclusion.
Sweden Betting Restrictions
Due to the changes introduced thanks to the 2019 Gambling Act, the legal age at which Swedish residents are allowed to register and bet in a gaming/betting site is 18 or older. In the meantime, only individuals above the age of 20 will be allowed to enter land-based gaming facilities in Sweden.
One restriction which was not welcomed warmly is the one which limits the promotions that betting and gaming sites can offer. According to the new law, virtual casinos and sportsbooks can offer their Swedish members only one Welcome Bonus. Those who were already registered at foreign betting and casino sites that have obtained Swedish license were considered new players and had the chance to claim the regular Welcome Bonuses the websites were offering. Excluding Welcome Bonuses, online casinos and sportsbooks are not allowed to offer any other types of bonuses to Swedish players/bettors.
Another important aspect of the new law is the one that requires online casinos and sportsbooks to have their members set deposit limits. These include daily, weekly and monthly limits which will help players and bettors avoid losing control over their spending. In addition to that, the law also enforces a limitation of marketing and players/bettors who have requested self-exclusion must not be exposed to any direct marketing.
Online Betting Regulatory Body in Sweden
When the changes to the Gambling Act were introduced in the middle of 2018, foreign betting operators had the chance to apply for the Swedish license starting in August 2018 and be fully licensed by the beginning of 2019. The regulatory body which is responsible for licensing operators that wish to offer online betting to Swedish residents is Spelinspektionen or the Swedish Gambling Authority as many people refer to it.
Currently, there are different licenses that Spelinspektionen can issue to online operators. Those include a license for commercial online gambling, betting license, license for both commercial online gambling and betting, bingo license, license for local horse races and others. The fee of the different types of licenses ranges between 400 000 and 700 000 SEK. The licenses for betting and commercial online gambling cost 400 000 SEK each, while if an operator wishes to obtain a combined license, the fee will be 700 00 SEK.
The Swedish Gambling Act makes sure that the licensee holders conduct fair and safe online gaming and betting. This is very important as it will ensure that Swedish punters and players will always enjoy a secure and fun gaming experience online and can trust operators licensed by Spelinspektionen.
Popular Betting Markets in Sweden
Not long ago, Sweden decided to leave its betting monopoly in the past and allow foreign operators to enter the market. As a result, Swedish punters can bet on whatever sport they like as most web-based sportsbooks provide lines for many traditional and niche sports. However, in every country, some sports enjoy greater popularity than others.
In Sweden, the sport that garners the most attention is soccer, and many sports fans like to bet on it. While some punters prefer to support their favorite domestic teams, others wager their money on international leagues. At the moment, the level 1 Swedish football league is Allsvenskan, and it consists of 16 premier clubs. Finding a betting platform that provides odds for it is a walk in the park as all bookies geared toward the Swedish market accept bets on Allsvenskan.
Another beloved sport among Swedish punters is ice hockey. A curious fact is that the Swedish Hockey League is among the best in the world. Hence, it attracts betting action not only in Sweden but all over the world. The league was established in 1975 and at the moment, it consists of 14 teams. Other prominent Swedish ice hockey leagues include HockeyAllsvenskan and Hockeyettan.
Handball is a less common sport in many countries except for Sweden. Handbollsligan is the most popular Swedish handball league that features a total of 12 teams. Many bookies that target the Swedish market provide its punters with the opportunity to bet on their favorite team from the league.
Floorball is another niche sport, but Swedes are extremely fond of it. Interestingly, there is a separate governing body of floorball – Svenska Innebandyförbundet. The Swedish Super League ranks the highest, and it consists of 14 floorball teams. Unsurprisingly, many online bookies added floorball to their selection of sports to please the preferences of Swedish punters.
Perhaps, there are people who have never heard of the sport bandy. Of course, we cannot blame them for that as it is not among the most popular sports under the sun. However, Swedish sports fans are crazy about it. Sweden has a separate floorball governing body, Svenska Bandyförbundet, responsible for organizing the leagues and the teams. The most popular bandy league in Sweden is the Elitserien, and it features 14 teams.
|Popular Betting Markets in Sweden Summary|
|Soccer||Allsvenskan, Superettan, Ettan Norra, and Ettan Södra|
|Ice Hockey||Swedish Hockey League, HockeyAllsvenskan, and Hockeyettan|
|Handball||Handbollsligan, Svensk Handbollselit|
|Floorball||Swedish Super League|
Sweden Online Betting Bonuses
As mentioned earlier, online sportsbooks licensed by the Swedish Gambling Authority are allowed only Welcome Bonuses to their new members. Other than this type of promotion, the Gambling Act of 2019 does not allow betting operators to offer any other type of incentive. This being said, the new members of virtual sportsbooks will have the chance to make use of very generous bonuses when they first join an interactive bookie.
Usually, Welcome Bonuses are deposit match offers that will require punters to make a certain deposit when they create their new account at a sportsbook. The minimum amount bettors are required to deposit might vary, depending on the specific bonus terms and conditions of the betting website. A typical Betting Welcome Bonus might be an offer which requires a first deposit of at least 100 SEK and can award a 100% Match Bonus.
Claiming a Welcome Bonus might require opt-in or sometimes punters must enter a promo code when making their first deposit. The maximum amount that can be received thanks to a Welcome Offer will differ at various betting websites but can be checked on the Promotions page of the specific sportsbook. Often, bettors will not be allowed to claim the Welcome Bonus if they use an e-wallet for their first deposit. Usually, only deposits via credit/debit cards, Trustly or PayPal will qualify new punters for a Welcome Bonus.
Swedish bettors should always carefully check the terms and conditions that apply to Welcome Bonuses. More often than not, this type of sportsbook incentive comes with wagering requirements that must be met prior to withdrawal. Often, the amount of the received bonus must be wagered a certain number of times and there is also a certain minimum of the odds you can wager your bonus on.
Mobile Betting in Sweden
With a big part of the population of Sweden living their lives on the go, it comes as no surprise that most things are available on one’s mobile device. The fact that Swedish people are constantly on the move has also affected online sports betting and the majority of virtual bookies have mobile-based versions or even dedicated mobile apps.
Thanks to their fully-optimized versions, most Swedish-friendly sportsbooks offer mobile bettors a very enjoyable, fun and fair betting experience on the go. Punters will have access to the same popular betting markets and the best odds on the events they follow up closely.
Even if they bet on the go, Swedish bettors will be able to manage their accounts and make fast and secure deposits and withdrawals. Usually, the payment methods which are available on the web-based version of a sportsbook can also be used by mobile punters. In addition to that, many methods have their own apps which will make mobile payments even easier.
New members of mobile sportsbooks will also have the chance to claim the Welcome Bonus of the bookie they have decided to join. As mentioned above, deposits on the go are easy to process which means that there is no issue claiming a Welcome Bonus even if you are betting on the go.
Popular Betting Banking Methods in Sweden
The virtual sportsbooks which cater to Swedish bettors have made sure that they will have an easy time handling their money. This is why you see that many betting sites support the currency of SEK. In addition to that, Sweden-based punters tend to have at least a few convenient payment options at their disposal.
One of the most common solutions one can utilize at interactive sportsbooks is a credit or debit card. You can resort to cards issued by Visa and Mastercards and often use them for both your deposits and withdrawals. While credit and debit cards are easy to utilize, they require bettors to provide card details while initiating payments. This is quite inconvenient and many punters do not feel safe sharing such information with betting sites.
An alternative solution for Swedish punters is using e-wallets by companies such as Skrill, Neteller or PayPal. They will spare bettors the exposing of card details and will ensure safe and fast transactions. However, some virtual sportsbooks exclude deposits via Skrill and Neteller from Welcome Bonus promotions.
As Trustly is a locally-based company that offers fast, secure and easy payments, it is one of the best options for Swedish virtual bettors. It allows them to instantly top up their balances and request withdrawals which are processed in a timely manner. Trustly is extremely secure and it is one of the best solutions for newcomers who wish to claim a Welcome Bonus.
Depending on the betting site, there might be other available payment methods which include prepaid cards by paysafecard, Apple Pay, Zimpler and more. What is worth mentioning about Zimpler is that it is yet another local service that will allow Swedish punters to manage their betting balance with a few taps on the smartphones.
|Popular Banking Methods in Sweden|
|Payment Method||Fees||Deposit Limits||Deposit Times||Withdrawal Limits||Withdrawal Times|
|Visa||Varies between bookmakers; if there is a fee, it is 2.5% on average||From €10 to €50,000||Instant||From €10 to €50,000||1 – 3 business days|
|Mastercard||Varies between bookmakers; if there is a fee, it is 2.5% on average||From €10 to €50,000||Instant||From €10 to €50,000||1 – 3 business days|
|Bank Transfer||Processing fees might apply; the fee depends on the sum punters want to cash out||From €20 to €50,000 or more||1 to 5 business days||From €50 to €100,000||3 to 7 business days|
|Neteller||No fees||From €10 to €10,000||Instant||From €20 to €15,000 or more depending on the online sportsbook||Up to 24 hours|
|Skrill||No fees||From €10 to €10,000||Instant||From €20 to €15,000 or more depending on the online sportsbook||Up to 24 hours|
|ecoPayz||No fees||From €10 to €10,000||Instant||From €20 to €15,000 or more depending on the online sportsbook||Up to 48 hours|
|PayPal||Usually, online bookmakers process PayPal payments for free||From €10 to €5,000||Instant||From €20 to €5,000 per transaction||Up to 48 hours|
|Neosurf||No fees||From €10 to €250||Instant||N/A||N/A|
|Paysafecard||Most online sportsbooks do not apply fees on Paysafecard payments||From €10 to €1,000||Instant||From €10 up to €2,500 (note that some sportsbooks do not process withdrawals via Paysafecard)||Up to 24 hours|
|Bitcoin||No fees||Deposits may start from €5, and often, no max limit applies||Instant||From €20 up to €100,000||Instant|
|Apple Pay||No fees||From €10 to €3,000, or higher depending on the sportsbook||Instant||N/A||N/A|
|Trustly||No fees||From €10 to €5,000||Instant||From €10 to €10,000||Up to 2 business days|
|Zimpler (formerly known as PugglePay)||No fees||From €10 to €5,000||Instant||N/A||N/A|
|WebMoney||Online sportsbooks usually do not charge processing fees on depopsits and withdrawals via WebMoney||From €10 to €3,000||Instant||From €20 to €4,000||Within 24 hours|
|Swish||No fees||Up to SEK20,000 (in some cases the maximum deposit limit can go up to SEK150,000)||Instant||Not all bookmakers support withdrawals via Swish, but whenever possible, withdrawal limits are determined by the specific online sportsbook||1 to 3 business days as Swish is a bank-dependent payment solution|
|Siru Mobile||Up to SEK4,500 (€300) per month||Instant||N/A||N/A|
What to Watch When Picking Sweden Betting Sites
Nowadays, there are plenty of online sportsbooks, but unfortunately, not all of them are trustworthy. Punters residing in Sweden are spoiled for choice as they can select from hundreds of licensed sportsbooks. Sports fans whose betting career is in its infancy should be vigilant when selecting a preferred online sportsbook.
If you reside in Sweden and you are on the lookout for a reputable sports betting platform, the first thing you have to do is to check whether it accepts punters from Sweden. Operators who legally operate on the Swedish market bear the stamp of approval of Spelinspektionen, the Swedish sports betting and gambling regulator.
Many online bookies geared toward the Swedish market usually support SEK payments. Selecting a betting platform that offers SEK in the list of the supported currencies will save you the trouble of converting currency. Of course, if you do not mind using EUR, you will have a greater choice. Another crucial aspect to pay attention to is the languages a given sportsbook supports.
The best-case scenario is to find an online sportsbook that supports the Swedish language. Of course, the available promotions, payment solutions, and betting markets should not be overlooked, either. Last but not least, do not forget to test the responsiveness and reliability of the customer support department and check whether the user interface is easy to navigate through.
Best 10 Betting Sites in Sweden
Regardless of where you live, it is of vital importance to select the right online sportsbook if you want to enjoy a smooth betting experience. Nowadays, the competition between bookmakers is so fierce that they have to offer something that grabs the punters’ attention in order to remain successful on the market. In the lines below, we will briefly discuss the top 10 web-based sportsbooks available to sports fans from Sweden.
Bethard was launched in 2012 by Bethard Group Limited. The sports betting platform operates under a license issued by the Malta Gaming Authority. The online sportsbook also accepts punters from Sweden as it obtained a license from the Swedish Gambling Authority. What is more, the betting platform is available in Swedish. Sports fans from Sweden can select between several reliable payment solutions to initiate payments to and from the sportsbook.
Bethard is quite popular among Swedes as it offers competitive odds and a plethora of betting markets. To cater to the needs of its punters from Sweden, the betting platform covers various domestic leagues, including Allsvenskan, Superettan, Basketligan, Swedish Hockey League, and others.
- The customer support agents are available 24/7
- In-Play betting is supported
- Statistics and livescores are available
- No live streaming option
- Customer support over the phone is not available
- Some payment solutions support deposits only
Betsson is a highly-acclaimed sports betting platform that has established a withstanding reputation based on trust. The brand was founded in 1963 by the Swedish company Betsson AB. The online sportsbook captivated the hearts of many sports fans worldwide due to the rich selection of betting markets it covers. Furthermore, the betting platform is the perfect pick for sports fans from Sweden because it supports the SEK currency and the Swedish language.
Punters residing in Sweden are treated to a decent selection of payment solutions. And if you wonder whether the sportsbook is safe and legit, the answer is yes. Betsson holds licenses from the Malta Gaming Authority, the Swedish Gambling Authority, and the Republic of Ireland. The nicest aspect is that you do not have to stay at home to bet on your favorite sport as Betsson has dedicated and in-browser apps compatible with Android and iOS.
- Licensed by the Swedish Gambling Authority
- Live streaming and statistics are available
- Customer support is available in Swedish
- The odds could be better
- Crypto payments are not supported
- Some payment solutions process deposits only
If you are residing in Sweden and you are looking for a reliable sportsbook, bet365 is a perfect choice. The betting platform went online in 2001, and ever since, it has been committed to pleasing the preferences of all punters. Hence, it covers multiple sports and provides lines for a range of competitions. The web-based sportsbook is licensed by the British Gambling Commission and the Malta Gaming Authority. It also bears the stamp of approval from other jurisdictions, including Sweden.
Furthermore, bet365 is available in Swedish, making it a preferred betting platform among punters from Sweden. Provided that you live in Sweden and you join bet365, you can use the Swedish Krona (SEK) to deposit and withdraw funds. Undoubtedly, this web-based sportsbook is among the most popular betting sites in Sweden.
- A reliable customer support department
- A wide range of sports to bet on
- It features live streaming
- The promotions could be more generous
- Some punters reported that the sportsbook limited their accounts
- The website loads slowly once in a while
Nordicbet made its foray into the online sports betting market in 2001. Since its establishment, it has remained true to its commitment to become the go-to betting platform among sports fans from different parts of the world. The web-based sportsbook is licensed by the Malta Gaming Authority as well as other jurisdictions. At the bottom of the site, we saw that the betting site also bears the stamp of approval from the Swedish Gambling Authority.
Punters who reside in Sweden and are not fluent in English should be informed that the betting site is available in Swedish. What is more, it allows Swedes to use either EUR or SEK for their payments to and from their sports betting accounts. The payment solutions are more than diverse, with Visa, Mastercard, Trustly, Skrill, and Neteller among the most preferred ones.
- Dedicated and browser-based apps for mobile users
- Supports SEK currency among others
- In-play betting and live streaming
- The user interface looks cluttered
- The promotions for punters are thin on the ground
- Does not accept bets on horse and greyhound races
Mr Green is a sports betting site that cannot remain unspotted. Its recognizable mascot depicting a gentleman dressed in a green suit has turned into Mr Green’s trading mark. The web-based sportsbook began operations in 2007, and at the moment, it is among the most trustworthy betting platforms. The licenses issued by the UK Gambling Commission, the Malta Gaming Authority, the Swedish Gambling Authority, and others prove the legitimacy of the betting platform.
The web-based sportsbook is designed to cater to the needs of its users from Sweden, and that is why it supports SEK payments. Furthermore, the betting platform is available in multiple languages, including English, Finnish, Spanish, Norwegian, and Swedish, among others.
- A wide range of sports to bet on
- Compatible with iOS and Android devices
- The Early Cashout option is supported
- The sportsbook could offer more promotions
- The payment solutions could be more diverse
- Does not support cryptocurrencies
Unibet is an experienced sportsbook that was established in 1997. Over the years, the web-based sportsbook has always been on par with the latest trends, and that is why its user interface is everything else but outdated. The betting platform operates under licenses issued by the Malta Gaming Authority and the UK Gambling Commission. It is also allowed to accept sports fans from Sweden because it received a license from the Swedish Gambling Authority.
Punters from Sweden will certainly not be disappointed with the range of sports they can bet on at Unibet. As a betting platform that aims at ensuring a seamless betting experience for everyone, Unibet supports various currencies, including SEK. What is more, the betting platform is available in Swedish, making it an excellent choice for sports fans from Sweden.
- Live streaming is available
- The sportsbook features pre-match and in-play betting
- Dedicated and browser-based apps compatible with iOS and Android
- Customer support over the phone is not available
- Hard to find the live chat option
- No Sportsbook Welcome Bonus for punters from Sweden
If betting on sports is up to your alley, you have most likely heard of William Hill. The web-based sportsbook was launched in 2008, and it did not take long until it established itself as an exemplary betting platform. William Hill operates in different jurisdictions thanks to its license from the Malta Gaming Authority. What is more, the sportsbook obtained a license from the UK Gambling Commission – one of the strictest regulators. Swedes also have the opportunity to join William Hill as the sportsbook is approved by the Swedish Gambling Authority.
For the best convenience of its members from Sweden, William Hill supports the Swedish language. What is more, sports fans from Sweden can use SEK to upload funds to their accounts or cash out their profits. Of course, the bookie did not forget to employ payment solutions suitable for punters from Sweden.
- The sportsbook covers traditional and niche sports
- Live betting is available
- Licensed by the Swedish Gambling Authority
- Deposits via Skrill, Skrill 1-Tap, or Neteller do not qualify for the Welcome Bonus
- The user interface can be a bit overwhelming once in a while
- Punters from Sweden cannot bet on horse and greyhound races
Sports fans from Sweden can join 888 and be sure that the web-based sportsbook will meet their preferences. The betting platform went online in 2008 and quickly gained steam among the sports betting community in Sweden. This is a reliable online sportsbook that is licensed in numerous jurisdictions, including Malta, the United Kingdom, Gibraltar, Sweden, and others.
When it comes to betting markets, we can safely say that 888 stacks up well. From football to politics, punters from Sweden can bet on whatever sport they enjoy the most. To start betting for real money, sports fans from Sweden can use various payment solutions to upload funds to their accounts. The promotions are also up to the pace, so punters from Sweden should not have two minds about joining 888.
- Various bet types are available
- The betting platform features live betting and live streaming
- The sportsbook supports the Swedish language and currency
- The user interface looks a bit cluttered
- Some payment solutions do not support withdrawals
- Hard to find the help desk
Launched in 2006, Betsafe has established itself as a premier sportsbook. Betsafe’s success is mainly attributed to its fair approach to its customers. The betting platform is licensed by the Malta Gaming Authority, but it also bears the stamp of approval from the Swedish Gambling Authority. This means that sports fans from Sweden have no reasons to doubt the reliability of the web-based sportsbook.
What is more, the bookmaker is focused on satisfying the needs of all punters. That is why Betsafe offers lines for various sports, including football, ice hockey, basketball, tennis, eSports, and many others. In terms of payment methods, punters from Sweden can deposit and withdraw funds via some of the most trusted payment processors such as Visa, Mastercard, Trustly, Zimpler, Skrill, Neteller, Paysafecard, Swish, and others.
- Dedicated and in-browser apps for mobile punters
- A wide range of sports covered
- The betting platform is available in Swedish
- The sportsbook does not support crypto payments
- The user interface looks a bit cluttered
- The betting limits are relatively low
Leo Vegas was established in 2012 by LeoVegas Plc. At the moment, the betting platform caters to the needs of sports fans from various jurisdictions, including Sweden. It is licensed by the Malta Gaming Authority, the UK Gambling Commission, and the Swedish Gambling Authority. Hence, punters can be sure that Leo Vegas is an above-board betting platform. Interestingly, the sportsbook collected many accolades, which further consolidates its reputation.
Mobile punters should know that the LeoVegas dedicated apps for Android and iOS-based devices are fantastic, but its browser-based version is also not to be overlooked. LeoVegas truly exceeds its competitors when it comes to betting markets. To please the preferences of sports fans from Sweden, the betting platform is available in Swedish. Furthermore, in the list of supported currencies, we noticed that it accepts SEK.
- In-play betting is supported
- Excellent apps for mobile punters
- A wide range of sports and leagues to bet on
- Limited payment solutions
- Crypto payments are not supported
- The live betting section could be improved
Sweden Betting Sites FAQ
Can Punters Bet Money at Sportsbooks Without a License by the Swedish Gambling Authority?
While there is no specific law for punters, it is definitely illegal for operators without a valid license by the Swedish Gambling Authority to accept bettors from Sweden. This is why many betting sites have excluded SEK from their supported currencies and some websites go as far as blocking access for residents of the country. Bettors from Sweden are advised to avoid unlicensed operators and only trust virtual sportsbooks which hold a valid betting license from the Swedish Gambling Authority.
Will There Be Any Odds Bonuses for Swedish Punters?
According to the newly-accepted law, betting sites that accept punters from Sweden are not allowed to offer any other bonuses, except a Welcome Bonus which is available only to new sportsbook members. Any odds bonuses or other types of incentives will not be offered to regular Swedish bettors who bet online.
Can Bookmakers With a License by the Swedish Gambling Authority Offer Odds on Any Type of Event?
No. According to the Gambling Act of 2019, there are certain events on which virtual sportsbooks licensed by the Swedish Gambling Authority cannot offer odds on. These include events where the majority of participants are under the age of 18 or any type of bets which are considered inappropriate by the large public.
Is Setting Deposit Limits Mandatory?
Yes. In order to abide by the new law, betting websites that accept punters from Sweden must ask them to set deposit limits. These include daily, weekly and monthly limits which help prevent overspending and help bettors gain control over their online betting. In addition to that, sportsbooks must offer their members the self-exclusion option and stop any type of direct marketing towards punters who have activated that option.
Are There Any Taxes on Winnings for Swedish Punters?
No. No matter how big your profit is, as a virtual bettor, you will not be obligated to pay any taxes on your winnings. According to the new gambling law, taxation is an obligation of the online operator that holds a Swedish gambling license. Every betting website that is licensed by the Swedish Gambling Authority must pay a tax of 18% on their profits.