Norway's gaming monopoly causes problems in the iGaming market

Norway has reportedly lost control of the iGaming industry, says the European Gaming and Betting Association (Egba) Secretary General, Maarten Haijer.

The country currently has two state -owned operators, who are American Rikstoto and Norsk Tipping. The former is responsible for horse races, and the latter is responsible for sports betting and lottery in the country.

Sharks talked about the case and said he is not shocked that players in the country steer away from the state's monopoly and rather go to foreign online casinos that give them better offers.

He stated:

It is estimated that 66 % of Norway's online gambling activity is now taking place on international websites, which means that the country has lost control over half of its online gambling market. They lose around NOK 2 billion in extra tax revenue each year, and many of the players are not protected by American laws. This is a significant problem to ensure that the monopoly does as it is created to: controlling online gambling and protecting players. If Americans play on international websites, it is no way for the state to control their activity or protect them.

Sharks continued to describe the local players as "Internet experts". He emphasized that Norway's players are price -conscious, and thus always looking for better options than the monopoly provides.

He also recommends that the country introduce a system with multiple licenses, where he cited neighboring countries Sweden and Denmark as good examples of countries that have used this system with success.

He mentioned:

In a multi -license market, licensed companies must use a number of rules and consumer protection that are part of the local license rules. Compliance with these license rules is monitored and enforced by the country's gambling authority, and ensures that the responsibility for controlling the consumer protection level remains with the authorities.

Furthermore, the Secretary -General said that the system of multiple licenses will allow the country to reduce the number of players choosing international operators.

Finally, he ended the comment by saying:

The time has come for Norway to think carefully about how they regulate online games. It is clear that Americans are increasingly steering away from the monopoly. It is better to meet, instead of ignoring, their requirements for alternatives. Experience shows that monopoly on gambling inevitably fails, and Norway should look to Denmark and Sweden where multilisation - although it is not perfect - turned out to be a much more optimal model to control online gambling. Only by doing the same can Norway correct the problems of its monopoly and the failing regulation of gambling.