New Postcode, Recycling Lottery Licences Issued
HighlightsÂ
-
Norway issues a series of licenses approving postcode and recycling-style lotteries.
-
Calls are made to end the Norwegian gambling monopoly. Â
The Norwegian Gaming Authority (Lotteritilsynet) has announced new licenses permitting the operation postcode and recycling-style lotteries in the country, despite allowances made for certain companies to apply for licenses to run a certain large-scale lottery.
According to Lotteritilsynet, applicants must meet several requirements to secure these licenses. This starts with a maximum annual turnover of NOK410 million ($40.7 million). Areas without a monopoly are postcode and recycling, or Pantelotteriet, lotteries.
So far, Lotteritilsynet has approved 23 organizations for the postcode lottery model. In this model, players pay to have their postcode entered into a draw to win prizes. The license from the postcard lottery begins on 1 March 2026 and runs to 28 February 2035. Before this, they worked on dual license systems.
The regulator has laid out a single license for the Pantelotteriet concept. These games revolve around running a recycling lottery, encouraging people across Norway to recycle bottles and cans. While licences for these games are permitted, the Norwegian market remains otherwise limited.
With current regulations in place, state monopolies like Norsk Tipping and Norsk Rikstoto exist. This includes online gambling, sports betting, horse racing, lottery and physical slots.Â
For a Full News Story, Read Here!
According to Lotteritilsynet, applicants must meet several requirements to secure these licenses. This starts with a maximum annual turnover of NOK410 million ($40.7 million). Areas without a monopoly are postcode and recycling, or Pantelotteriet, lotteries.
So far, Lotteritilsynet has approved 23 organizations for the postcode lottery model. In this model, players pay to have their postcode entered into a draw to win prizes. The license from the postcard lottery begins on 1 March 2026 and runs to 28 February 2035. Before this, they worked on dual license systems.
The regulator has laid out a single license for the Pantelotteriet concept. These games revolve around running a recycling lottery, encouraging people across Norway to recycle bottles and cans. While licences for these games are permitted, the Norwegian market remains otherwise limited.
With current regulations in place, state monopolies like Norsk Tipping and Norsk Rikstoto exist. This includes online gambling, sports betting, horse racing, lottery and physical slots.Â
For a Full News Story, Read Here!
