PAYMENT METHODS AND ONLINE CASINOS IN SWEDEN
Top Casinos and Best Banking Options for Swedish Players
Swedes, like most Europeans, enjoy gambling. Until recently, there were limited opportunities for locals to enjoy playing games of chance for real money due to the fact that the state-run authority held a monopoly on gambling in the market for years.
Swedish lawmakers are working on introducing changes and while this is underway we will not stay idle and wait. We’ve do our job and bring you the most trusted, most convenient Swedish casinos online that also offer the top online casino banking methods for Swedish players.
Swedes are known as a progressive nation, one that adapts quickly to novelties. Being very tech-savvy, Swedish players are the perfect fit for online casinos. Also, Sweden boasts the second-quickest broadband speed in the world and internet penetration around 95%. Excellent conditions for the online casino industry to flourish in. The Swedish gambling space singles out sports betting, casino and bingo as to top three popular verticals among bettors.
Ranking Swedish online casinos is not the easiest of tasks, but we’ve pulled back our sleeves and worked hard to bring you an overview of the best online casinos for Swedish players and also the most convenient methods to transfer money. If you belong to the urban Swedish culture and feel comfortable using gadgets to play games and pay for services, you will have it very easy to absorb all the useful info and apply it in your gaming.
Best Swedish Online Casinos
Swedish players have access to some of the best casinos online. The hardworking CBM team has succeeded in finding these websites and also tried them out, giving you our full experience based on their service. We list the casinos that have earned the highest ranking on account of the quality of the games they offer, the worth of their bonuses, the dedication of their customer support agents and, of course, the range of banking methods they offer for deposits and withdrawals.
Let’s Lucky
18+ | New Customers Only |
T&C Apply- Wide range of games
- Accepts cryptocurrencies and fiat currencies
- Live Chat available 24/7
18+ | New Customers Only |
T&C Apply
LuckyDreams
18+ | New Customers Only |
T&C Apply- Tons of good-quality titles
- Easy to use website
- Multiple payment options are available
18+ | New Customers Only |
T&C ApplyTop Casino Banking Methods in Sweden
In terms of popularity and frequency of use, there are several banking methods that seem to fully meet the needs of Swedish players. You, as an individual player with your own personal aspirations, should decide which payment method suits you best. The choice Casino Banking Methods is giving you consists of the top payment solutions found on the Swedish market. Take a look and see which one matches your profile.
Review & Best Casinos
- Supported by major Swedish banks
- Unique BankID protection
- No fees charged
Review & Best Casinos
- Good option for Nordic players
- Highly secure method
- Excellent reputation
Review & Best Casinos
- Instant casino deposits
- Excellent reputation
- Great option for Sweden, Finland
Review & Best Casinos
- Trusted around the world
- Fast casino withdrawals
- Great option for UK, SE, IT, ES
Review & Best Casinos
- Fast casino transactions
- Available around the globe
- 165 supported currencies
Review & Best Casinos
- A leading payment solution
- Maximum security
- Fast & easy casino transactions
Review & Best Casinos
- Fast casino payments
- Available around the globe
- Designed with iGaming focus
Review & Best Casinos
- Available around the globe
- Designed with iGaming focus
- Fast deposits & withdrawals
Review & Best Casinos
- Instant deposits & withdrawals
- Safe and reliable e-Wallet
- Widely accepted at casinos
Laws and Regulations on Online Gambling in Sweden?
Until very recently, state-backed SvenskaSpel was the only institution authorised by the Swedish government to issue licenses for all forms of offline and online gambling, thus legalising such operations. Since gambling activities became the subject of a state-owned monopoly, there have also been various attempts over the years to overthrow this monopoly. They failed, but things are now changing due to the fact that the European Commission started pressuring Sweden to introduce competition from foreign operators in its gambling industry.
In January 2019, Sweden’s reformed gambling bill came into force, opening the market for offshore operators and gambling companies. Whether international operators should be allowed to legally offer their services to the Swedish has been a hotly-debated issue for years in the forward-thinking Nordic country, but now things are looking more versatile and more transparent. As of January 2019, foreign operators looking to service Swedish punters must apply for and obtain a license issued by the Swedish Gambling Authority (Spelinspektionen).
The Swedish Gambling Authority is a very strict supervisor and will not hesitate to suspend licenses due to operators not meeting with the industry’s high consumer protection and regulatory standards. The laws are changing to reflect the needs of the Swedish population but the emphasis remains on customer protection and prevention of irresponsible gambling.
At this point, a number of casinos which are licensed in other jurisdictions can still legally cater to Swede players, but they must adhere to certain regulations, such as limiting the number of bonuses they offer, having to give a three-second cooling-off period to players in between spins on slots and having to verify their players through Bank ID or Mobile Bank ID, amongst other details.
New rules from the Swedish regulator Spelinspektionen published in the fall of 2022 indicate that Autoplay in slots and reverse withdrawal will be banned in all casinos operating in the market. Further changes include:
– Casinos with a Spelinspektionen license must not offer players suggestions for their deposit, loss or time limits.
– If a player is logged in for more than two minutes without being active, they will be automatically logged out or asked if they prefer to stay logged in.
– Casino operators must now report the number of players who reached their time or deposit limits and the number of players who came back after being self-excluded.
Swedish Market Updates
- September 2022: Swedish regulator says that the application process for B2B supplier licenses will start on March 1, 2023. Only suppliers that operate in legal markets will be eligible to apply for Spelinspektionen’s license.
- September 2022: Spelinspektionen announces upcoming bans on Autoplay and reverse withdrawal features at casinos serving Swedish players.
- March 2022: The Swedish government presents its new B2B software licensing system and license renewal fees for online operators. The application fee for suppliers should be SEK120,000, while costs for B2C license renewal should rise from SEK300,000 to SEK600,000.
- January 2022: The Swedish government announces that gamers from Sweden can deposit a maximum of SEK 4,000 per week. The measure should last until June 30, 2022, and is an additional attempt to control online gaming during the pandemic.
- November 2021: Swedish online gaming market rises 5% in Q3 2021. There are now 95 companies in Sweden with active gaming licences.
- June 2021: Covid-19 measure not yet lifted, will remain in place until November 2021, at least.
- June 2021: Swedish government opens a consultation on the proposal to subject gambling advertising to similar requirements that already exist concerting advertising alcohol.
- January 2021: Swedish government opens a consultation on the prohibition of gambling advertising between 6am to 9pm and the introduction of a B2B licensing regime.
- July 2020: Temporary regulations in response to Covid-19, restrict deposit and loss limits (casino only) and total login time.
Are You Required to Pay Taxes on Winnings?
Tack och lov, Swedes and foreigners playing at Swedish casinos don’t have to pay taxes on their winnings. Ever since the Swedish Gambling Tax Act (2018:1139) was passed, operators have had to pay 18% of their gross revenue in the form of taxes. Keep in mind that this refers to each calendar month individually and not the whole year like in some other countries.
As a player, you should also know that Skatteverket might take an interest in your activities if you play at offshore sites. In that case, your winnings might be treated as taxable income and subjected to a 30%+ tax rate. Any international transactions exceeding 150,000SEK/year are automatically reported, too.
This is not legal advice, and CBM is not liable for the actions of its readers. If you want to be safe, hire a Swedish lawyer or tax advisor.
Can Casinos That Accept Swedish Players Be Trusted?
Undoubtedly, casino brands licensed by the Swedish government are to be trusted. But what about the ones that aren’t? A healthy dose of caution should exist, but as long as you play at licensed websites you will not be doing anything illegal or potentially dangerous. Casino sites licensed by Gibraltar, Curacao or Malta are equally legitimate and ought to provide you with a safe and fair gambling environment.
Sweden is the third-largest country in the EU, so companies running online casinos and doing business in the industry would obviously love to join the Swedish gambling market. Sites that haven’t yet obtained the Swedish Gambling Authority aren’t necessarily a bad choice.
They may have chosen not to pay the fees and the taxes imposed by the Spelinspektionen. One way or the other, a casino can be considered reliable if a well-regarded authority supports it, whether it is the Swedish Gambling Authority, MGA, UKGC or Gibraltar.
Naturally, picking out casinos online licensed by the Spelinspektionen is in your best interest as a Swedish player. By doing this, you can be certain that the casino operates under the current laws and regulations of your country. Not only will this website be the safest for you but it will also offer the most secure and best-performing banking options available in Sweden.
Best Casino Bonuses for Swedish Players
Just to spice up our offer a little further, we’ve also included the latest casino bonuses available in the Swedish market, provided by the top casino sites around. Whether it is a mix of free spins and deposit bonuses or a new slots tournament, you will know about it here first! Follow the instructions to claim the bonuses you find the most attractive and enjoy the perks you’re getting for being an online casino player from Sweden.
Arlekin
Welcome Package
40x (B+FS Wins)
Ongoing
€20/30 AU$
€10,000
Zotabet
Welcome Package
WELCOME
40x (B+FS Wins)
Ongoing
€20/30 AU$
Kryptosino
Welcome Package
Free
Ongoing
€20
Vegaz
Welcome Package
100FIRST
Free
Ongoing
€20
Haz
Welcome Package
100FIRST
Free
Ongoing
€20
Bitdreams
Welcome Package
WELCOME1
50x (B + FS Wins)
Ongoing
30€/AU$
Lucky7even
Welcome Package
40x (B + FS Wins)
Ongoing
€20/AU$30
€50
MyStake
Welcome Package
30x (B+D)
Ongoing
€20
Local Payment Methods to Consider
We do love exploring casino options, looking at new games and testing various gaming platforms, but most of all we love checking out different deposit and withdrawal methods, comparing them and rating their performance. You will agree that banking is one of the most relevant aspects of every casino, and the best Swedish casinos must contain the best Swedish online casino banking options. You Swedes have a wide selection of payment solutions at your disposal, yet we find options such as Nordea, Pay N play (Bank ID), Swish and Zimpler (former PugglePay) to be overly satisfactory.
These banking methods focus their services more locally and achieve a higher level of convenience and efficiency when compared to international banking systems. Nordea is a leading Nordic provider of online banking services, whereas Bank ID has over 8 million users in Sweden. Swish is an excellent mobile payment solution that operates with the Swish app and the Mobilt BankID Säkerhetsap. Zimpler follows closely, as another easy-to-use payment option that allows all Swedish smartphone users to make a casino transfer online using their mobile device and pay within 14 days from receiving the invoice. This solution does not affect the user’s phone bill, comes across as very flexible and provides safe financial transactions – exactly what a Swedish mobile casino player needs.
Depositing with SEK Currency
On top of being able to use secure and efficient payment methods, we assume you would want to make payments and receive money in your own currency. Even though the Swedish Krona isn’t as widely accepted as major tenders like Euro, British Pound or US Dollar, Swedish online casinos will make sure to support local Scandinavian currencies. Using Euros is also an option, but since you can make use of a number of casinos that let you make deposits, wager and collect winnings in SEK, why not do it? There will be no exchange fees to worry about and you can start playing right away with full control and understanding of your gambling budget dynamics.
Top Land-Based Casinos in Sweden
From the sleek and stylish Casino Cosmopol Stockholm to the modern and chic Casino Cosmopol Sundsvall, Sweden is world-renowned for its land-based venues. In this section, we’ll be listing all four of them, as well as showcasing their design, available games, and any other facilities the venue might have. Whether you’re looking for a casual night of gaming or a luxurious getaway, the following casinos have a little something for everyone:
Casino Cosmopol Stockholm
Located in the heart of Stockholm, Casino Cosmopol Stockholm is the largest casino in Sweden. The interior is designed to be luxurious and sophisticated, with elegant chandeliers, marble floors, and plush furniture. If you want to feel like a member of the royal family for a night, this is the perfect place to do so. It’s your choice: do you want to play blackjack, roulette and poker at one of 100 gaming tables or try one of the 500 slot machines? In case you get bored or hungry, Casino Cosmopol Stockholm also has three bars and a restaurant. As for accommodation, there are plenty of hotels in the vicinity.
Casino Cosmopol Sundsvall
Moving a bit further north, we have a venue that’s been dubbed Sweden’s Monte Carlo. Even though there are only 15 gaming tables, Casino Cosmopol Sundsvall attracts thousands of locals and tourists each week. Visitors are most impressed by the location, as the building stands on what was once a 19th-century train station. Compared to other casinos in this list, Cosmopol Sundsvall is by far the best for poker. You can enjoy Texas Hold’em, 7 Card Stud and Omaha Poker, which is a winning combination in our books. If you want to give slots a try, there are 150 machines carrying the latest releases from several big providers.
Casino Cosmopol Malmö
There’s only one thing better than spacious casinos, and that’s spacious casinos that use that space smartly. It’s also one of the reasons why we can’t help but return to Casino Cosmopol Malmö whenever we’re in the neighbourhood. Before you enter, make sure to respect the smart/casual dress code. There’s also a 30SEK entrance fee, which must be paid each time you visit. As expected, most of the floor is devoted to the 240-strong army of slot machines. Alongside are 30 tables, including special ones meant for high-stakes poker games. If you want to spend the night, Elite Plaza Hotel and Hotel Master Johan will do just fine.
Casino Cosmopol Göteborg
Casino Cosmopol Göteborg sits near the coast of the North Sea and is a top destination for every travelling gambler. When it comes to the interior, it’s even more spacious than the Malmö venue. There are 40+ tables throughout the casino floor, with blackjack and poker taking center stage. The roulette wheels are some of the nicest you’ll ever see, and the baccarat table is impressive as well. Just like in Malmö, you’ll have to pay 30SEK and dress smart/casual in order to enter. In case you get tired from all the action, both the Elite Plaza Hotel Göteborg and the Comfort Hotel Göteborg will provide a good night’s sleep.
Most Famous Gamblers
There’s no shortage of famous gamblers in Sweden’s history, and Viktor Blom is right near the top of this list. He’s one of the country’s best poker players and is best known for his online prowess under the name “Isildur1”. The wider public found out about him in 2009 when he was at the table for all ten of the biggest pots ever. Nowadays, this Göteborg native is still an active tournament and cash game player, looking to add to his $8 million in career earnings.
We also can’t forget about Martin Jacobson, can we? This phenom is the first Swedish player to ever win a World Series of Poker Main Event. He pulled it off in 2014 and walked away with $10 million, which is the fifth-largest single tournament payout in the sport’s history. This resulted in an award for The Best Tournament Performance of the Year. Nowadays, he mostly attends WSOP and EPT events with smaller buy-ins, rarely leaving without at least $10,000 in his pockets.
Fun Facts
About 70% of Swedes gamble at some time during the year. The most popular gambling activities in Sweden include Postkodlotteriet, V75, Triss, Lotto, Casino Cosmopol, Värdeautomater (Vegas) and Oddset, among other examples. An average Swede loses 2200 SEK on games per year.
Players wager the most on sports betting (44%) and casino (38%), according to iGaming Business’ Sweden e-zine. Bingo, at 11% has the third-largest market share.
There is a Viking story about the king of Sweden betting the king of Norway he could throw two 6 back-to-back for the island of Hisingen around the year 1020AD when the two Nordic countries were at war. The king of Norway rolled one 6 and the second die split in half showing a 3 and a 4 on the two halves facing up. As 13 beats 12, Norway claimed ownership of the island of Hisingen.
Sweden’s female gambling addicts outnumbered men in 2019. Among the 45,000 people with a problem severe enough to be considered a gambling addiction, 64% were women.
One can see commercials for various online casinos on Swedish television; only casinos licensed by the state government may advertise in Sweden.
FAQ
Is mobile gambling available in Sweden?
Yes, you can play casino games on the web legally at your favourite Swedish online casinos using your mobile device. All the recommended casinos offer a web-based mobile platform that you can directly load via your browser app. Some casinos even offer dedicated, branded apps that can be downloaded for free.
Are there any Swedish-speaking online casinos?
Sure. It is rather easy to find an online casino in Swedish. Search for a licensed operator that targets Scandinavian players. Look at our overview of recommended operators. They might also offer Swedish-speaking customer support.
What are Swedish online casinos without registration?
There are selected casinos that do not require a registered account. Players can just deposit and play thanks to Trustly’s product Pay N Play. Some will give clients a choice to create an account, while others will require nothing more than a Bank ID and provide instant access to the casino lobby.
What is the minimum age limit for online gambling in Sweden?
According to current laws and limitations proscribed by the Swedish Gambling Authority, the age limit to gamble online in Sweden is 18+. If you want to gamble at a land-based establishment, you must be 21 years of age or older.
Do I have to pay tax on online gambling winnings in Sweden?
Individual players wagering online, you do not pay tax. The gambling services provider or casino has to pay the 18% gambling tax on proceeds from games made available to punters in Sweden.
Where do I seek help for problem gambling in Sweden?
Keep in mind that license holders are required to take measures to prevent problem gambling on their platforms. The Swedish regulator has introduced a “National Self Exclusion Registry” where players can register. Furthermore, you can contact Gamblers Anonymous Sweden which provides free counselling and advice.