Over in Sweden, DraftKings Is Powering the New Svenska Spel on line Sportsbook

Improving the betting that is swedish

US-based operator DraftKings is powering the new Svenska Spel Sport & Casino online sportsbook in Sweden. The platform aims to offer a wide selection of sports betting options, new features, and an overall experience that is improved bettors.

According to your statement, the staff that is current Svenska Spel Sport & Casino will also be handling the local betting markets. The sportsbook officially launched online for business on morning tuesday.

Svenska Spel Sport & Casino may be the platform that is online state-owned gambling operator Svenska Spel. As well as sports betting, the site also offers slots, live dealer games, bingo, and poker.

Dan Korhonen, Svenska Spel Sport & Casino’s head of sports betting and sportsbook integrity, welcomed the launch saying: “It feels incredibly good to finally be able to offer our customers a sportsbook that is new all so it requires.”

the leading operator within the Swedish market”

DraftKings’ chief worldwide officer Shay Berka described Svenska Spel Sport & Casino as “the leading operator within the Swedish market.” He stated both ongoing parties will strive to provide a better gaming experience for bettors in Sweden.

Origins of the sportsbook partnership

The origins of the relationship to build the new sportsbook date back to September 2019, when Svenska Spel signed a deal with SBTech following a process that is tender. SBTech then merged with DraftKings in 2020 april. The work to develop the new sportsbook that is online Sweden proceeded through the entire procedure.

The Massachusetts, US-based DraftKings started life as a fantasy that is daily operator, and has since branched out into the sports betting and iGaming markets. It currently provides gaming and sports technology that is betting over 50 operators across 17 nations.

In the Nordics area, DraftKings additionally provides the retail and sportsbook that is online for Veikkaus, the monopoly operator of sports betting and lotteries in Finland.

Online gambling restrictions in Sweden

The regulated online sector that is gambling in Sweden on January 1, 2019. Formerly, Svenska Spel had a monopoly in the marketplace. Even though many notable operators obtained a license to work in the united states, they’ve faced significant dilemmas in the last year or two since going live.

a weekly spending limit of simply SEK5,000 ($592), in addition to limitations in the size of bonus provides

One for the details of contention ended up being your choice by the Swedish federal government to introduce strict limitations on specific facets of on the web gambling after the start of the pandemic that is COVID-19. This included a spending that is weekly of simply SEK5,000 ($592), in addition to limitations in the size of bonus provides.

Many certified operators thought these limits that are strict drive more gamblers towards black market sites, with some threatening to leave the market if changes were not forthcoming. The authorities that are swedish ahead along with their plans in June 2020, and plan to keep these measures set up for the minute.

Despite the existing restrictions, Svenska Spel Sport & Casino recorded revenue of SEK490m ($58m) in Q3 2020, a 6.5% year-on-year increase.

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