Is gambling business legal in Norway??
Only two state-owned companies are engaged in gambling in Norway. Only some areas of the gambling business are allowed in the country. Wherein, Norway is known for professional poker players. Annette Obrestad recently became famous (Annette Obrestad) - woman and youngest player, ever won a World Series of Poker bracelet.
A brief history of Norsk Tipping and Norsk Rikstoto
As already said, two state-owned companies control the entire gambling business in Norway. This is Norsk Tipping and Norsk Rikstoto.
Photo source: News of Gambling
Norsk Tipping is a lottery company headquartered in Hamar (Soon). The firm offers a large selection of lotteries, sports and instant games. It is run by the Norwegian Ministry of Culture, which defines, how much time and money can Norwegians spend on gambling.
The company was founded in 1948 year. Her profits go to the development of Norwegian sports and culture. When it was founded, only football betting functioned in the country. The block of shares was owned by three owners:
- the state – 40%;
- Norwegian Sports Federation – 40%;
- Norwegian Football Association – 20%.
IN 1993 year, the state acquired 100% action Norsk Tipping.
The company's website was launched in 1999 year. In November 2005 the company entered the mobile phone market.
Norsk Tipping offers the following games:
- gambling: Lotto, Viking Lotto, Keno, Joker;
- skill games: Tipping, The odds;
- Flax scratch game;
- TV game Extra.
The listed games require registration and a special payment card. Only those online games are legal, offered by Norsk Tipping.
Norsk Rikstoto - second, which deals exclusively with horse racing in Norway. It is founded 24 september 1982 of the year, to legally run a tote called V6.
The organization was co-founded by the Norwegian Trotting Association and the Norwegian Jockey Club. Norsk Rikstoto is headquartered in Oslo.
IN 1996 year the company received the right to conduct all the sweepstakes in the country. Rikstoto Direkte's own TV channel has been operating for a long time. Conditional 3,7% the annual income of the enterprise goes to the state.
Of all types of sweepstakes in Norway, only horse racing is allowed. There are six tracks for trotting and one for gallop in the country..