Access our Network of Banks for your Swedish Casino
Sweden is Europe’s biggest iGaming market by share of total market revenue. An incredible 80% of Swedish gambling takes place online, generating revenue of around €2.1 billion each year. Home to some of the biggest names in online casinos and sportsbooks, Sweden is an exciting and competitive place to launch an iGaming business.
Sweden's gambling regulator has recently been cracking down on unlicensed operators and set strict rules for compliance. Many online casinos and sportsbook start-ups struggle with getting access to a bank account in Sweden, as the iGaming industry continues to be viewed as a ‘high risk’ sector by traditional lenders.
The Spelinspektionen is responsible for overseeing license applications, granting licenses and regulating the industry. Online gambling licenses last up to five years in Sweden for both sports betting and casinos, and cost 400,000 Swedish kroner (about €35,000).
Would you like to open an online casino or sportsbook in Sweden? Then you will need a bank account, payment account or electronic money institution that is authorised to operate in Sweden. iGaming Core helps you to find a payment solution by:
Some of the most popular payment methods in Sweden include digital solutions such as Trustly and Zimpler, which allow Swedish players to make deposits with gaming sites instantly. Swedes are also accustomed to using major international payment methods like Visa and MasterCard, and e-wallets like Skrill and Ecopayz are also popular. Be aware that any online betting site or casino operating in the country must accept payments in Swedish kroner.
Contact us today to start accepting payments to your Swedish iGaming website
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