Sports Betting Law in Finland
The existence of any form of sports betting in Finland, but also physical ones is controlled by the state. So we are dealing with a monopoly. In the Nordic state there are three main bodies dealing with the management and control of the legal framework regarding gambling:
- Fintoto Oy, which is only responsible for horse racing.
- RAYHABER which owns and manages the monopolies of casinos and slot games in the country.
- Veikkaus Oy which is responsible for sports betting, national lottery etc.
If you are interested in sports games and betting in Finland, they are under the jurisdiction of RAY. So if on the page where you are playing you find the RAY logo, it means that everything is in accordance with the law. The harsh approach of the Finnish authorities, not allowing competition in the gambling sector has been constantly subject to clashes between the EU and the Nordic state.
State-owned companies may not offer the variety of games you are looking for, but there is a solution. And the solution are foreign online gambling sites. By law, these sites are prohibited from offering their services in Finland. But the reality is different!
There is no mechanism that stops these sites from offering their services to citizens in Finnish territory. In fact there are many foreign companies accepting money and players from Finland. There is also no law in force that can penalize the person who decides to play in one of these banned companies. This has led to a fairly high number of Finnish nationals playing in foreign companies. Some of these sites even offer their services in Finnish.
What is the minimum age to play sports betting in Finland?
The opportunities for fun are numerous players in Finland, but you must respect the minimum age to gamble. This age in Finland is 18 years old, and applies to all forms of gambling, both online and traditional.
What are the best sports betting apps and websites in Finland?
In the Nordic country players have a variety of choices at their disposal when it comes to sports betting sites and applications. Most of these names are international but fully accessible to residents within Finnish territory. Among them we can mention:
- Betsafe Sportsbook
- NordicBet Sportsbook
- Bet365 Sportsbook
- 22BET Sportsbook
- Karamba Sportsbook
- Betsson Sportsbook
What are the best online casinos in Finland?
In Finland, in addition to local casinos, they have access to well-known international online casinos. They offer numerous entertainment opportunities, various payment methods, controlled games and security for players. Some of the online casinos with the best ratings by players are:
The most competitive alternative for these foreign operators in Finland is Veikkaus, a well-known local casino that operates online. "Veikkaus" has constantly brought new offers and games for consumers, thus trying to attract a part of the clientele that navigates to unlicensed foreign companies. In all this situation, consumers are the first to benefit. This is due to the fact that the list of legal and 100% safe options to play is added. At the same time, foreign operators are encouraged to be constantly looking for new ideas so as not to lose clientele.
The latest news
An interesting development of recent days is the pressure that the EGBA (European Organization of Gambling and Betting) is putting on the Finnish state in relation to their current legislation. This is a repeated appeal after the first one that came at the end of the year we left behind.
Reason? The monopoly that Veikkaus has established in the domestic gambling market. The international organization has once again reminded the Nordic state that it is the only country in the European Union that still operates a monopoly in this industry.
Secretary General of EGBA, Maarten Haijer said that the scope of the monopoly of Veikkaus is so large that in the Nordic country, for every ATM point there are 10 slot machines owned by the local company. Haijer also said that in Finland other alternatives can be easily found online, mainly international ones that players are increasingly preferring. This according to him has come as Veikkaus is not able to be competitive with industry giants like Bet365 or William Hill. Having said that, the clear message of the EGBA director is that a new system for managing the gambling market in Finland is simply a matter of time before it becomes an emergency.
Finland seems to want to make changes to the law on online gambling. The reason is to stop illegal sites and the ads they do in the local market. But the chances of these changes taking effect seem slim. The European Union is constantly pressuring Finland to be more liberal when it comes to gambling, and the Nordic state cannot go in the opposite direction. Especially now that other countries are moving towards a more liberal and progressive approach to this issue.
Frequently Asked Questions (FAQs)
In addition to Veikkaus Oy, which is the state monopoly on sports betting, in the Nordic country players have access to some of the biggest online giants offering sports betting. Among them we can mention:
The minimum age to play sports betting and any other form of gambling in Finland is 18 years old. Failure to comply with this restriction is punishable by a fine by local authorities.
Yes! Offshore or foreign companies are quite popular among Finnish players. This is due to the limited domestic options (recall that the Finnish gambling market takes the form of a state monopoly).