As anticipated Sweden’s Parliament has approved the mandate of the new Gambling Bill, which will revamp the nation’s gambling industry framework and introduce national legislation for online gambling services.
Having been approved by all Swedish parliamentary committees, the Gambling Bill was forwarded for a final review and vote on Thursday 7 June.
The Gambling Bill received a unanimous 93% (282 votes) support from Parliament, allowing for national gambling regulator Lotteriinspektionen to open its licensing window.
Swedish legislators will now move to implement a new gambling regime, introducing an online tax rate, set at 18% of gross gaming revenues.
In its update, the Swedish government maintains that its new gambling legislative code will be enforced from 1 January 2019.
Handling the licensing processes which will be open to domestic and foreign operators, Lotteriinspektionen will accept applications from 1 August 2018.
Secondary provisions of the Gambling Bill are still being scrutinised by the European Commission with further additional rules and standards expected to be introduced by Lotteriinspektionen ahead of 2019.