You may not know but according to Statista, the online sports betting market in Sweden has reached $0.51 billion this year. Experts at Statista who collected and analyzed the data concluded that the betting market in Sweden will grow at a 5.29% CAGR between 2024 and 2029. It will reach $0.66 billion by 2029.
But this is not significant growth because Swedes do not prefer their local betting platforms. Instead, there are more searches for the term utländska bettingsidor which means international or foreign betting sites. Why is this? That’s what we will analyze in today’s article.
Why Do Swedes Prefer Sports Betting Outside the Local Market?
The answer is simple. Foreign betting markets are very flexible and less strict than the Swedish gambling markets. But there are numerous reasons Swedish players love MGA casinos and sportsbooks. Now, if you have bet on sports in a foreign sportsbook, you must know the term “MGA.”
MGA stands for the “Malta Gaming Authority” and it is one of the most reputable licensing bodies in Europe and in the whole world. Swedes prefer sportsbooks licensed by MGA because they offer big bonuses, a lot of sporting events for betting, and even live streaming options and in-play betting with real-time statistical data.
On the other hand, the Swedish gambling market is very strict. For instance, it does not have lots of bonuses like welcome packages, free bets, reload offers, VIP programs, and others. Why would Swedes bet on sports at a local sportsbook without bonuses? It does not make sense.
While the gambling and sports betting market will grow in Sweden in the future, it will not achieve the same level of growth like the ones achieved by MGA and Curacao licensed sportsbooks.
But are MGA and Curacao Licensed Sportsbook Safe?
Even MGA and Curacao are different in terms of protocols and laws that govern the licensing process. Curacao eGaming licenses are way more flexible than MGA but some casinos and sportsbooks licensed by Curacao can cheat players and sports betting enthusiasts in Sweden.
That’s why a license from Curacao alone is not enough, and betting enthusiasts must check reviews on the internet to see what others say. That’s very important. On the other hand, MGA sportsbooks are 100% safe since all platforms undergo strict testing and evaluation.
These sportsbooks also support secure banking options for European players and bettors – and that includes credit or debit cards, e-Wallets with strong encryption technology, and even cryptocurrencies to maintain betting enthusiasts’ privacy and anonymity.
The Bottom Line
The bottom line is for Swedes to bet on sports at MGA and Curacao licensed sportsbooks if they want competitive odds, diverse betting markets, secure banking options, and various other features like bet management tools. However, always check online reviews to confirm whether a betting site is trustable enough.
