Sweden Will End Deposit Cap

The monthly deposit cap for online gambling in Sweden will end on November 14th as players will be able to deposit more than SEK5000 if they choose.

While the cap is ending, the government is urging the country's gaming regulator Spelinspektionen to look at the different rules that were put in place to protect gamblers during the pandemic and suggest new ways to help protect players for the long-term. The deposit cap was introduced alongside a SEK100 max on bonuses and was set to expire at the end of last year, but was extended through November 14th as the pandemic had a longer-reaching impact than initially thought.

The regulator must submit a report that looked at the temporary measures by March 15th of next year, with the rest of the report outlining possible permanent moves being due on October 31st of 2023.

Regarding the potential moves, Sweden's Minister of Social Insurance Ardalan Shekarabi said, "Turnover in the gaming market has increased and online gaming has probably benefited from changed consumption patterns since the reregulation.

"There is a risk that this has led to a long-term behavioral change with increased gambling. This is a development that should be followed up to see if there is a need for further measures."