Current Nordic Online Gambling Scene
The Nordic gambling industry, comprising of Denmark, Norway, Sweden and the Finnish market, has always had the potential to be the leader of the pack. After all, it is no secret that this elite gambling market gave rise to some of the most famous casino gaming software companies currently ruling the iGaming industry.
The Scandinavian online gambling scene is viewed with great interest for the following reasons:
- Considered as the biggest and most profitable in Europe. This is mainly due to the fact that the four Nordic countries share languages and significant cultures. These four countries are also governed by similar bodies when it comes to legislation and gambling review
- Remains highly influential in the international scene because it provides some of the biggest gaming softwares, e.g., NetEnt, Betsson and Cherry AB, to mention just a few.
- The Nordic population is very tech savvy and internet and mobile penetration is high
- Some of the Nordic casinos are expanding to include other European countries such as the Czech Republic, Switzerland and Germany.
Regardless of these positive pointers, the Nordic online gambling industry has a lot more potential. Currently, there is a serious shortage of online gambling operators in Scandinavia. That’s because apart from Denmark and Sweden, the other two Scandinavian countries have extremely stringent gambling laws and mostly only state owned gaming companies are allowed to operate.
To tap into the huge potential that iGaming has to offer, the other two countries have to come onboard alongside Denmark, Sweden and the rest of EU in terms of building a more competitive online gaming legislative framework.
Here is a condensed insight into the present state of gambling landscape in the Scandinavian region.
- Finland: operates under a stringent monopoly system whereby both iGaming and physical casino gambling are operated by three organizations; Veikkaus Oy, RAY and Fitoto Oy. These three organizations are actually looking into being merged together for ‘more effective operation’.
- Norway: also operated under a tight administration, this country’s gambling industry is the responsibility of two state-owned companies, Norsk Rikstoto and Norsk Tipping. The government cite protecting its population from gambling addiction as the main reason behind such tight regulations.
- Sweden: when compared to Norway and Finland, Sweden is much more receptive when it comes to online gaming. Svenska Spel has been Sweden’s sole state-owned gambling company operating since long. But in a historic move, the Swedish government has enacted the much awaited and liberalized gambling act and licence system.Since January 2019, the Swedish Gambling Authority Lotteriinspektionen is offering six different types of gambling licences for both offshore and online Swedish casinos. The updated regulations aim to create a safer market for players, consumer protection, enhanced security, and greater revenue to the government. Gambling operators without a Swedish licence will have to close operations in the Swedish market.
- Denmark: the other Scandinavian country with a more liberal regulatory system that was introduced in 2012 after which private operators were granted access to the Danish gambling market. Since overturning state-owned monopoly, the Danish gambling industry has experienced a significant increase in profits.
To sum up, the Nordic online gambling industry is doing well at present. However, there is much room for improvement. The market is sitting on a lot of potential which is waiting for the removal of the monopoly system and introduction of a more foreign friendly regulatory system.
Licences need to be made available to privately-owned operators as well as foreign gambling operators if the Nordic iGaming industry is to experience the full bloom.
Browse our meticulously compiled list of the best Nordic casinos online using the links below.
- Best Online Casinos for Denmark
- Best Online Casinos for Finland
- Best Online Casinos for Norway
- Best Online Casinos for Sweden
Top Nordic Casinos Online
EU Operators 
Licensed & Reputable Euro Brands 
Full Range of Games| Welcome Bonus | Key Features | ||
|---|---|---|---|
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Content Author: Online Casino Spinz Team