Also known as the Kingdom of Norway, Norway is a Nordic country that depends on oil for foreign exchange. With over 20% of the GDP coming from oil, Norway is the fifth-largest oil exporter in the world. The country is also endowed when it comes to gas and minerals.
While the country has a small population of just 5 million, it is an industry leader when it comes to gambling, especially online casinos. Research shows that from 2012, the Norwegian gambling market witnessed 65.7% growth by 2018. That means in 2019, the figure could have as well hit 70%.
From the statistics, it is clear that Norwegians have an insatiable appetite for gambling. But is it legal in Norway? Gambling is legal in Norway, but it is highly regulated with the state being a monopoly. Norsk Tipping and Norsk Rikstoto are the only licensed casinos and are run by the state.
When it comes to online casinos, the government has banned its citizens from gambling on international sites. Norway wants all gamblers to play on the state-owned casino - Norsk Tipping. But then, it is hard to regulate the online gambling industry so anyone can still access the vast network of international casinos that are available to Norwegian players.
The fact that it is hard to regulate online gambling has both advantages and disadvantages. For Norwegian players, it means that they can break out from the poor services offered by the state-owned monopolies. Norsk Tipping and Norsk Rikstoto don't offer players the many goodies that come with international casinos.
On the downside, this puts players at risk. There are hundreds of fraudulent international casinos that swindle players' money. If you want to be on the safe side, make sure you play on a licensed casino only. You don't want a casino that won't pay your winnings or steal your card and eWallet passwords.
The good thing about online casinos is that you don't have to play with real money. If you are a first-timer, look for an online casino offering free money for new customers. At least this way, you can learn the ropes using the casino's wallet. The only problem is the strict wagering requirements.
If you want a real online casino gaming experience, play with real money as it guarantees you simple winnings without any restrictions. But remember to play responsibly as gambling can have adverse effects on your socio-economic life. Never gamble what you can't afford to lose and always know when to walk away.
Norway is among the countries that have maintained a strict gambling policy. Despite the pressure from other European nations, the Nordic country has remained adamant about opening up the Norwegian frontiers for international operators. With over close to 2.2 million gamblers, indeed it is something that requires regulation.
But then, the government's efforts are surely going down the drain as it is hard to regulate online casinos. With the emergence of VPN technology, and the enticing offers international casinos have, more and more Norwegians are joining them. Players are moving from the two state-owned Norwegian casinos to the international ventures.