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General Overview
Finland happens to be one of the gambling havens in the world. With a ton of gambling enthusiasts spread all over the country, the number of online sites in the Finnish land runs into multiples. Government-owned gambling company Veikkaus Oy is the entity with the right to run lotteries and related services in the country, while Fintoto runs the horse racing sector and RAY runs the slot machines. In all Finland has three monopolists under the umbrella name Veikkaus. Although, foreign gambling companies are allowed to technically operate in Finland. Asides the foreign companies, PAF is also allowed to offer gambling services in the province of Aland Islands so far it doesn't engage in marketing its games in Finland. Studies have shown that Finns spend a lot on gambling every year, with a wide range of games to pick from. In 2012, the Finnish gambling sector made about £130 million in profits.
A brief history of gambling in Finland
Gambling has existed in Finland for a long time, even before World War II. The Finnish government has always been in total control. In the 1920s, quite a several private operators tried to gain entry into the country's gambling market but were told by the government that only charities are allowed to operate slot machines. In 1938, Raha-automaattiyhdisty (RAY) was established to run slot machines while promoting gambling responsibly. Afterwards, Veikkaus Oy which used to be the Finnish National Lottery organisation was also used to control lotteries in the country and the Fintoto. In 2017, the three bodies were merged into one under the umbrella name of Veikkaus. Today, the Finnish government is strict about its control on all forms of gambling in the country. With an exception with PAF (Play among Friends) which operates mainly on the Aland Islands.
Online Gambling Law in Finland
With the strict hands of the Finnish government on everything gambling in the country. Veikkaus is in charge of regulating both land-based and online gambling in the country. The government ensures players' protection through its agencies. To gamble on Finnish online gambling sites, you are required to be over the legal age of 18, own a Finnish bank account, a permanent home address and a security number. In addition to this, players in Finland are expected to set an amount they are willing to lose.
Payment Options In Finland
Despite the government’s firm grip on gambling activities, players from Finland can choose from a few payment options when depositing or withdrawing online. With card payments being the most popular option in the country, here are the most popular payments that Finnish players use on online casinos: Mastercard, Visa, Paypal, Trustly, E-wallet (Apple Pay).
License Commissions in Finland
Under the umbrella of Finland’s Ministry of Interior. The three agencies (RAY, Fintoto and Veikkaus) operate to control and regulate all the gambling activities in the country. There have been continued protests from Finns about the government’s total control of the space. But the government remains adamant on keeping its control, with the views of ensuring its citizen’s protection from the negative effects of gambling.
Helplines for problem Gamers
Studies have shown that most Finns are experiencing gambling problems with reports that about 2.7% of Finland's population has suffered from problem gambling. Finland Gambling helpline, Peluuri can be reached at 00 358 (0) 800 100 101.
Finland Online Casino FAQs
Is online gambling legal in Finland?
Yes, online gambling legal in Finland. However, gambling is monopolised by the government. Although, foreign companies are not prohibited from having Finnish players on their platforms.
What are the best online casinos for players in Finland?
Players from Finland can stake their bets on a massive collection of casinos like Kingbilly Casino, Genesis Casino, Betsson Casino, Sloty Casino, Lapalingo Casino and a host of others.
How do I claim a deposit bonus from Finland?
Just like most players from other countries, Finns are not exempted from claiming welcome deposit bonuses among other exciting offerings too.
Where do players with gambling addiction get help?
Players with a gambling addiction can always reach out to Peluuri on 00 358 (0) 800 100 101.
Can I play online casinos in Finland?
Yes, players can choose from an array of online casinos. Many operators are allowed to operate on the Finnish territory.