Within the European online casino industry, industry experts widely recognize the Scandinavian gambling market as one of the most significant and profitable. Norway, Sweden, Finland, and Denmark, some of the Nordic countries boast unique features and regulations that are serving as a driving force in the online gambling business. The Northern countries are shaping the industry of the region driven by strong innovative offerings like the first Bitcoin lottery.
It is important for local players to know which providers serve the most value. ToppCasinoNorge, one of trusted industry resources provide a detailed overview of what to expect from every local operator. It includes an in-depth overview of the game variety, withdrawal speed, and available payment methods.
Online gaming was an ideal position entertainment in Sweden and Norway a decade ago. Many people in Nordic countries won millions of euros through progressive jackpots and poker between 2008 and 2014. This ranges from €700, 000 to €7.7 million. It suddenly drew more casino players to online platforms from all over Scandinavia.
Scandinavian countries have relatively progressive online gaming laws. Each country has its own set of online gambling regulations that it follows.
Among Scandinavian countries, first, in Norway, online casinos operate under state-owned companies. These are the Norsk Tipping and Norse Rikstoto. Online gambling laws are based on the US model. They make any financial transaction between residents and online gambling operators illegal. Operators are unable to attack the country’s laws in the EU courts, since Norway is not in the EU. Nonetheless, the Norwegian government does not attempt to enforce any restrictive laws on local online gambling.
For over half a century, a state-owned company called Danske Spil managed the gambling system in Denmark. Danske Spil split into two separate companies after 2012. These companies are Danske Lotteri Spil and Danske Licens Spil. The latter covers all online gambling activities. The DGA or Danish Gambling Authority controls the online gambling market. It includes casino gaming, poker, bingo, and betting activities. It also helps offshore operators lawfully operate while generating revenue for the state.