Like many other countries in the world, all Scandinavian and Baltic countries are experiencing an increased interest in online gambling. The ability to play your favorite games from the comfort of your home – using a laptop, tablet or smartphone significantly saves the time. In fact, online casinos are on the rise around the World.
In addition, Scandinavian countries also fall into the Nordic category. These countries are among the most profitable in the European iGaming business. These countries all use similar iGaming technology to engage with players, but what are the actual differences when it comes to gambling in these countries? And what is the gambling experience in Baltics?
Gambling in Norway
Norway is by far the strictest in terms of gambling regulations. The most popular types of gambling in the country are number games, scratch cards, betting and horse racing.
Gambling platforms in Norway are government regulated. Only two companies are allowed to operate and offer gambling to citizens. These are Norsk Rikstoto and Norsk Tipping. These companies channel profits back to society, meaning that the profits are passed on to the cultural and sports sector.
As in any modern country, the interest in online betting is growing rapidly. There are many online casinos available in the country and many of them are operated by Norsk Rikstoto. Even with Norway’s strict rules, Norwegian citizens still have a wide variety of games to play. However, providers are just a few.
Gambling in Sweden
In Scandinavia, Sweden is the opposite of Norway. They use the most liberal approach when it comes to online gambling. Sweden is one of the leading driving forces in Europe when it comes to online casinos.
With the development of technology, the number of new providers and operators is rapidly growing. Countries need to keep pace with these changes through their regulations. This is what Sweden has been able to do. In accordance with the Swedish Gambling Act of January 2019, all operators are required to follow these rules.
Any company interested in opening an online casino or any other gambling service will need to operate under a Swedish license. In addition, any type of lottery, sports betting, online casino or other cash wagering practices will be regulated by the Swedish Gambling Authority.
Gambling in Denmark
While Norway being the strictest and Sweden being the most liberal, Denmark is somewhere in the middle. Back in 2012, Denmark passed the Gambling Act, since its adoption, this law has been periodically updated.
Until 2012, Danske Spil was the only licensed gambling company available to Danish citizens. Today, there are many more providers in the online casino and sports betting sector. These providers must comply with the Gambling Act in order to obtain a license.
While there is a great number to choose from in casinos and sports betting, Danske Spil still has a monopoly on keno, horse racing, bingo, lotteries, and other similar games. Other companies cannot obtain licenses for these types of gambling services.
As well as in many other countries, the Danes began to place bets and play online. The convenience of playing from home or anywhere else makes gambling much more accessible. It goes well with the busy daily life of many Danes.
Gambling in Baltics
The Baltic is home to three countries – Latvia, Lithuania and Estonia. In recent years, all these countries experience steady growth in iGaming industry. Gambling in the Baltic States is legal and regulated by local gambling regulators. Operators can apply for an operator licence from any of these countries and run a legal online casino. While Latvia and Lithuania forbid players from playing in an online casino without a local licence, Estonians are allowed to play in foreign-based online casinos.
Overall, all the countries provide a safe and secure environment for a player. You can check out this site and find a list of licenced online casinos that operate in the Baltics.