European countries in general are very flexible when it comes to online gambling laws. Some of them permit all sorts of it, while others prefer to keep it restricted under a monopoly. This way they get to keep a tab on the profits – also try Red Tiger slots.
In today’s blog, we will talk about a few European countries where iGambling is a highly sought-after industry and highlight their gambling laws.
1. The United Kingdom
Though the UK has severed its ties with the European Union, it is still the biggest iGambling market for European countries.
The Kingdom regulated and legalized online gambling in 2005 with a specialized Gambling Act which helped form the United Kingdom Gambling Commission.
The UKGC is a respectable name in the global gambling industry. It has regulated some 200+ online casinos. The Commission is pretty strict when it comes to the enforcement of its regulations, and this is the reason online casinos in the UK are safe and secure.
The UK also doesn’t tax your winnings. Whether you win £10 or £1oooooo, you don’t have to pay a dime in taxes.
Sweden is a European country that has complicated iGaming laws, but they have been marching towards progression in recent years.
Despite this development, the state persists to monopolize the industry so they can cap the profits.
This is something the Swedish gamblers don’t appreciate because the state’s monopoly means players get deprived of the bonuses. The online casinos also don’t have to work on their customer service or gaming positions.
iGambling laws in Germany have also long been complicated. One of the states has its iGambling laws which are quite progressive, but the rest of the states permit online casinos to function on a limited level.
Now they have finally unified their iGaming policies and legalized online casinos across the country.
Malta was the first country to legalize iGaming within its borders. Now it has become one of the biggest legalized online casino hubs in Europe.
Surprisingly, Malta generated at least 15% of its GDP from online casinos by licensing hundreds of them and offering gambling services to millions worldwide.
Malta is also particularly cautious about running background checks on casinos ensuring their professionalism. Strict laws are implanted to secure players. Every casino is required to secure its webpage, operate transparently, and payout regularly.
Finland has a unique way to regulate online gambling. It employs three organizations to look after online lotteries, sports betting, instant games, land-based casinos, and horse racing.
As per the gambling laws, no foreign company can operate online casinos there.
However, Finnish gamblers aren’t restricted from joining offshore online casinos.
Not only is Online gambling legalized in Italy, it also has 160 licensed casinos. Italians are at liberty to play at offshore casinos, because the better overall experience of foreign businesses is something all gamblers prefer. Offshore companies also don’t levy taxes on winnings, which is the basic thing Italian casinos lack.