With the development of the internet, online gambling is getting more popular these days. When considering some places like Sweden, there is a set of gambling laws as per the country’s media. Now, the entire county is in lockdown due to the pandemic COVID-29. Among the different industries that are affected, the sports industry is no where different in it. So, several online gambling sites in Sweden are spending more time and effort in online advertising. The regulations are also changed. Continue reading to find the new regulation of Sweden gambling market.
The needs for acting quickly
As per shekarabi, the Coronavirus might raise the social problem than the earlier days. There is massive unemployment, financial uncertainty, sick leaves, etc. so, the government needs to act quickly to protect the Swedish consumers in this crisis.
Advertising expenses are reduced
An article from Sweden says that major companies are planning to spend less on advertising in the upcoming years to face the loss in this period. When it comes to gambling, Cherry AB reduces the output by 59% than last year. It shows how several industries are suffering from the loss, and Sweden gambling laws get changed.
The Security Minister spoke at the press conference and said that the eyes of the government are rising in the online casino activity, and the customers are at bigger risk than usual. Also, laid some new rules like,
- The players must have some limitations if they are investing in online gambling games.
- The bonus amount can exceed SEK 100.
- The highest weekly deposit would be around 5000 in Swedish Krona.
The bottom line
If you are interested to take up a betting game, you need to be clear and understand the sports betting regulation in Sweden 2020 to have more benefits out of it.