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Since the state-owned monopoly of Svenska Spel came to an end in January 2019, Sweden has seen explosive growth in online gambling. With more options for you than ever before, we think it is a good time to provide a genuine updated list of best Swedish betting sites.

Best Betting Sites in Sweden

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Flag of Sweden

Really? Over the past few years Sweden has seen a massive shift in the way online sports betting is regulated. Prior to 2019, it was a Swedish state monopoly with a single legal operator, Svenska Spel ? However, from January 1st, 2019 there were some changes as per European Union’s demands that allowed other operators-both domestic and international to compete.

All Swedish online bookmakers must respect the subsequent standards:

  • Sites must accept payments in Swedish Krona
  • Customers can only claim one bonus
  • Underage gambling (under 18) is strictly prohibited

Popular Payment Methods at Swedish Betting Sites

Local bettors in Sweden are offered several deposit methods by the best betting sites around which are secure, quick and easy to use. Even for a novice player funding an account will not be difficult.

Due to the stringent licensing regulations in the nation, local online betting platforms can ensure that deposited money is safe, and immediate actions are taken to handle withdrawal applications. To deposit funds, clients only need to go to the banking area of their preferred website, choose a method that will cater for their needs and then follow the necessary steps needed.

Some options you can choose from include:

BankID

Swedish sports betting companies are required to have BankID as one of the payment methods provided under the laws governing this jurisdiction. This is where users will be required to input their national identification numbers and security codes while utilizing it. Those who bank with Handelsbanken, SEB, Swedbank, SkandiaBanken, Länsförsäkringar Bank, Danske Bank, Sparbanken Finn, Sparbanken Gripen and Ikano Bank can apply for a unique bank ID and transfer funds into their gambling accounts.

Credit and Debit Cards

Credit and debit cards, such as Visa and MasterCard, are the most commonly used banking methods for people making online deposits to gambling sites all over the world. Swedish betting websites also have them. These make instant money transfer possible while withdrawals can be safely sent back to the same card that was used in depositing. An average person can lay his hand on a card, besides; they are usable in almost every brick-and-mortar store or web shop.

E-Wallets

There are many excellent betting sites in Sweden that allow players to use e-wallets for making deposits as well as cash-outs. Customers keep the money in an electronic wallet and can easily transfer it from a bank account to an internet gaming platform or any other merchant. Notably, PayPal, Skrill, and NETELLER are market leaders in e-wallet services while others exist.

Trustly

A customer can use Trustly to send money from his or her bank account straight to a Swedish gambling website. It is a local company and has been adopted by more than 30 countries worldwide. Customers select Trustly at the cashier point in their preferred website and fill in an easy form. The funds are made available within a short time as soon as they have been completed.

Sweden men's national ice hockey team

The Most Popular Sports for Betting in Sweden

Most countries in the world, like Sweden, prefer football which has a long successful history of national team in the World Cup and local teams like Malmo, AIK and IFK Goteborg among thousands of clubs currently active nationwide.

Nevertheless, the Swedish population love watching and gambling on a vast array of sports. The following is an overview of some of the most common ones in the nation, although this is just a small sample out of multiple others covered on leading online betting establishments.

Football

Despite the fact that the country’s national team has never won a world cup, they were once finalists in 1958 against Brazil and twice came third in 1950 and 1994. The Svenska Cupen is competed for by thirty two teams from Allsvenskan and Superettan leagues within the country as well as this tournament being extensively covered by Swedish bookmakers. These fixtures are well covered, alongside low league games, whilst major tournaments dominate their seasons.

Swedish football fans have many betting choices to make. They include: both sides scoring, half-time and final scores, number of corners taken, over/under, no score bets and more.

Ice Hockey

This is one of the largest leagues in Europe being a Swedish Hockey League (SHL) or Svenska Hockeyligan, with 14 teams and thousands of fans at each game. Also, top Swedish betting sites extensively cover the second tier league known as HockeyAllsvenskan, where clients can place their bets on favorite teams.

The most popular winter sport in the country started in Canada in 1875; however, it is known as the modern game. Sweden is one of the ‘big six’ ice hockey nations, with its national team being the first (and until now, only) team that has won at both the Olympics and World Championships after completing this set goal in 2006.

Bandy

The game originated in England in 1813 and since then became popular in Scandinavia though. This game is played all over the country, with matches attracting very large crowds even during winter when temperatures are sub zero.

Certainly, this explains why this high-speed blend of field hockey and ice hockey is so much in demand. Finland, Norway, Denmark and Russia are the other prominent Bandy-playing nations, with all major leagues being fully covered by the best Swedish betting sites.

Handball

The game has over 27 million registered players worldwide, but it is in northern Europe that handball is the most popular. Sweden’s Svenska Handbollförbundet (SHF) supervises the leagues, while Scandinavian bookmakers give wide coverage to the 14-team Handbollsligan.

Handball is a game full of action too, where scores over the two halves of 30 minutes can easily reach double figures. It is popular for live betting with many options such as over/under, favorites/outsiders and spread bets being available.

The male and female Swedish Handball teams became one of the most successful in the history of the sport under their coach, Bengt Johansson; he led them to eight consecutive finals between 1996 and 2002, a record achievement.

Golf

Golf is among the leading races in Sweden with more than 500 courses countrywide. Consequently, there are over five hundred thousand registered players and millions of others watch it during tournaments as well as on television as they cheer for their local stars like Henrik Stenson and Robert Karlsson.

All major tournaments in Sweden and the world are fully covered by Swedish betting sites, which provide their customers with numerous betting markets like first round leader, top 10 finishers, and tournament winner.

Esports

To read this article in Swedish, click here Swedish gamblers love esports events from around the world. It is true that betting on esports remains relatively new, despite the fact that the first video game competition is known to have taken place as far back as 1972 at Stanford University.

Every Swedish sports betting company covers famous competitions like the League of Legends World Championship, the Evolution Championship Series and the Overwatch League. There are many markets to choose from including match winner, round winner and how many maps will be played in a game in counter strike: global offensive.

Wooden gavel and flag of Sweden

The History of Sports Betting in Sweden

Ancient legend has it that a dice game in the 11th century determined the winner of a war between Sweden and Norway. Whether this is true remains unclear, but this highlights how gambling is not something new to the country.

The following are the major milestones in the history of online gambling in Sweden, such as 1994 Lotteries Act and 1999 Casinos Act, followed by the current status.

The 1994 Lotteries Act

The Gaming Board of Sweden is empowered to grant licenses to operate lotteries, bingo, gaming machines, real money guessing games, roulette, dice and card games under this Act.

It enacted a law that prohibited advertising of foreign lotteries, and ensured that only the Swedish state or non-governmental organizations could organize lottery games. For gambling on horse racing it was necessary to have authorization from the Government.

The 1999 Casinos Act

This Act regulated casinos that operate on land and any places offering dice, roulette, cards as well as other related games. All these Swedish gambling sites were under the control of Svenska Spel which is owned by the state.

Amendment to the Lotteries Act

Sweden was a late adopter of online betting because in 2002, an amendment to the gambling act of 1994 permitted its citizens to participate in such games as well as lotteries through internet. However, Svenska Spel alone remained the authorized online wagering operator in Sweden.

Process of Re-Regulation

The Swedish government has finally buckled and relaxed the gambling laws as demanded by the EU.

Even before that, Swedish people had already been using foreign websites, leading to revenue loss. When 2018 finally ended, the $2.5 billion industry was only 30% for private companies hence the need for a solution. It is on January 1, 2019 when Gambling Act came into operation. This meant that in 2017 online gamblers could apply for permits while processing took place within the same year.

With the new arrangement, foreign operators can provide sports betting and casino games to Swedish citizens who have a set regulatory framework that allows the government to collect taxes from them, and also monitor their activities. Svenska Spel is still dominant in certain sectors such as land-based casinos. Internet sports betting, however, has been transformed into a considerably more transparent and regulated market.

Features of Sports Betting Sites in Sweden

Some prominent highlights of prevailing online gambling regulations are that it disallows anyone below 18 years from participating, prohibits extending credit to clients, secures firms against cyber threats and handle problem gambling promptly. In this country, advertising is exclusively left for licensed businesses while the gaming commission can also stop financial transactions by its residents with unlicensed sites.

The level of security and safety rendered by these platforms to Swedish gamblers is highly commendable with many different vendors now offering sports betting services. This comes as a result of the end of Svenska Spel’s monopoly allowing players to select sites that provide extensive coverage in terms of sports.

FAQ

What are the best betting sites in Sweden?

To help you make the best decision, we have put together a list of some of the top Swedish bookmakers where you can bet on things such as Allsvenskan, bandy, Swedish Hockey League and even esports. Each of these sites offers great odds and amazing bonuses; thus, to find your perfect one go through our guide.

What is the best betting app in Sweden?

With your phone, you can now wager on sports, thus making sure that the best online betting firms have their own application to enable punters to access different games conveniently and in no time. We have assembled a rundown of the top Swedish gambling apps for you to begin placing bets with.

Which currency do Swedish betting websites take?

All players can use their money as they also accept Euro, but according to Swedish gambling statutes, all online sports betting sites have to take SEK.

Do Swedish bettors need to pay tax on the money they win?

a. Winnings made in licensed sites operating in Sweden are not taxable. You will only pay tax on winnings that you make from a site that is neither licensed nor regulated; as such, you should choose one from our list of fully authorized online gambling sites so as to avoid paying any tax at all.

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