Sweden Introduces New Gambling Deposit Limit

By | January 5, 2022

In the latest news about the EU gambling laws, the Swedish government has presented a series of new gambling regulations. The local iGaming authority, Spelinspektionen, has opened a consultation on the measures, which were introduced due to the spread of the Coronavirus.

 Ardalan Shekarabi, Social Security Minister of Sweden, has proposed the following measures:

Decreasing weekly deposit limit for remote casinos and slot machines from SEK5k to SEK4k;
Setting a mandatory limit on playing time at online casinos and slot machines;
Capping the maximum bonus at virtual casinos and slot machines at SEK100.

The consultation will last for nearly two weeks, until January 17. If approved, new regulations will be in force from February 7 to June 30, 2022.

BOS criticizes govt’s decision to lower the deposit cap

The Trade Association for Online Gambling in Sweden (BOS) was highly critical of the government’s proposals. In the press release, BOS urged gambling authorities to reconsider the measures and take into account player protection.  

The head of the Association, Gustaf Hoffstedt, claims that tight deposit limits only lead to players opening multiple accounts at different online casinos. While before Swedes only played at one or two gambling establishments, this number has drastically increased. That’s why operators can’t form a full picture of players’ gambling behavior and are unable to detect signs of problem gambling. Hoffstedt states that in this case the cornerstone of player protection will be lost.

Read more: Comprehensive guide to Belgium’s online gambling laws

Read more: How to get the Netherlands gambling license in 2022?

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