Latest survey reveals major ignorance among Swedish gamblers for licenses

Latest survey reveals major ignorance among Swedish gamblers for licenses

Posted by: AffPapa

A new survey by the Swedish Gambling Authority (SGA) has revealed that only 5% of Swedes know how to check if an online sportsbook, casino or gaming operator holds a Swedish licence. The survey was carried out in collaboration with Novus and used data collected from 1,737 interviewees. 

The results found that eight out of 10 Swedes have ‘probably’ not played at a site without a licence in the past year, which was the same number as last year. However, this must only be treated as a probability, since 95% of Swedes don’t know how to check whether an operator is licensed or not. Of the remaining 20%, 17% were unsure if they had played with an unlicensed operator, while 3% said they had ‘definitely’ not. This alarming trend of uncertainty hasn’t changed since the re-regulation of the market in 2019, said Mattias Folkesson, who supervises the online casino comparison site as part of his ‘Head of Sweden’ role for iGaming affiliate network Leadstar Media.

“The re-regulation took place largely to increase players’ security, which is why it is worrying to learn that so few Swedes know how to see if a brand has a licence from the Swedish Gambling Authority. It is important information that those responsible do not seem to have communicated clearly.”

Since January of last year, gambling companies must have a licence from the SGA to market their products to Swedish citizens. The licensing system was implemented to place higher demands on iGaming companies. Now, in theory, it is technically safer than ever to play at Swedish betting sites and online casinos, but only if you are working with a licensed operator.

“It is extremely important for the safety of the players that they play on licensed sites,” Folkesson continued. “The licence acts as a seal of quality that the brand has a good security system to prevent harmful gambling.The biggest advantage is the security it brings, but also that Swedish players can be forced to pay tax on 30% on their unlicensed winnings. A Swedish licence means tax-free winnings.”

Meanwhile, the survey also found that more people gambled in 2020 than in 2019, up from 60% to 66%, while 81% of these did not know where to go if they needed help with their gambling addiction. To fix this, Folkesson pointed to Stö, which offers guidance for people with gambling addiction.

Folkesson concluded: “We recommend our visitors to only play at casinos with a Swedish licence. In order to be granted a licence the site must, for example, force players to set maximum limits for deposits and provide the national suspension system Spelpaus.”

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