Swedish Parliament Approves More Liberalised Online Gambling Legislation (Update)

Reform bill approved by 282 votes vs. 19 against

The Swedish gambling reform bill that will open up the online market in the Nordic nation was approved Thursday in parliament on a vote of 282 vs. 19 against.

The bill will introduce a licensing system for online gambling with a tax rate of 18 percent of gross gambling revenue, and comes into force on January 1 next year, with licensing applications accepted from August 1 2018.

The new law also introduces a central register for responsible gaming that allows customers to exclude themselves from all licensed gaming operators in the Swedish market.

Operators will have to pay SEK 400,000 (Euro 38,900) for a licence, and for companies that plan on offering both online gambling and betting, the licence fee will rise to SEK 700,000.

Secondary legislation is still being scrutinised by the European Commission and additional rules and regulation are still expected from the Swedish Gambling Authority.