|Population 2019:||5.5 million|
|GDP 2019:||241 billion EUR|
|GDP per capita:||43,500 EUR|
|Taxation for Lotteries:||12 per cent based on GGR, 8.5 per cent GGR for online games.|
|Charity lotteries allowed:||Yes, but only non-monetary.|
The total gambling market in Finland amounted to € 11.873,7 bn. in 2019. The turnover of the Veikkaus Lottery (the state-owned lottery) products in 2019 amounted to 1.529,6 bn.
The Lotteries Act (1047/2001), adopted in 2002, regulates gaming in Finland. In 2012, amendments to the Lotteries Act further consolidated the existing monopoly framework. In 2017, the three state-owned monopolies in Finland; Veikkaus (lotteries and sports betting), RAY (casino’s and slot machines), and Fintoto (horse racing betting) merged into a single state-owned gambling company under the Veikkaus name.
In 2019, several discussions took place about the reform of the Act on Lotteries and alternatives to Finland’s current regulatory framework with the Veikkaus monopoly. The Finnish Competition and Consumer Authority (KKV) published a report stating that the current form of supervision is inadequate because of responsibility shared by several governmental bodies and partly overlapping, causing ambiguity. The KKV pleaded for reform; supervision needs to be centred to one actor. The KKV has announced that after this reform alternatives to Finland’s monopoly system should be examined and it should determine whether the Veikkaus monopoly should dismantle. The changes could mean that in the future charity lotteries are allowed in Finland; resulting in a higher number of lottery proceeds going to Finnish charities and the society.