While Finland is a member of the European Union, the government works outside of the framework of the Union’s accepted gambling practices. State monopolies on gambling are frowned down upon by the EU but Finland has managed to operate its gambling industry as a state-run monopoly. While almost all forms of wagering are legal here, the Finnish gambling laws ban international operators from advertising here although Finnish online gamers are not prohibited from placing bets with foreign operators.
Veikkaus is the company that runs the lottery and bingo. Fintoto controls all horse racing and RAY is in charge of all casino and other gaming activities. All of these entities are essentially government owned and the official reason for this is to prevent problem gambling, abuse, and criminal activities within the gambling industry. Illegal operators face severe punishment and the industry is tightly controlled.
Top 10 Gambling Sites for Finland
What are the Best Finnish Gambling Sites and Promotions?
As mentioned, the state has control of almost all gaming activities in Finland and does not allow foreign operators to advertise in this jurisdiction. However, Finnish gambling laws do not prevent Finnish gamers from accessing and placing bets with foreign gambling companies. As such, there are many online betting companies that offer Finnish customers a host of valuable and easy to claim bonuses. Totesports offers Finnish online players €10 bonuses. 5 Dimes will give new clients $50 in casino bonuses while Casino Jefe, 7Bit, Betsson, and Nordicbet have €100 in casino bonuses. Play Grand Casino has up to $10,000 in bonuses waiting.
Many Finnish residents also enjoy online poker. If you are in this category then it is in your best interests to join Unibet .They offer Finnish poker players €200 while William Hill and Expekt have €1,500 bonuses for the taking. Want a €2,000 poker bonus? They are found at Whiltebet and SportsBetting. RedKings and RedBet will make you smile with their €2,500 in bonus money that they are offering.
By no means are the bonuses limited to these. Many more can be easily claimed by visiting Gambling Judge’s promotions section. You will find more casino, poker, bingo, and many other types of great bonuses.
How Regulated is the Finnish Gambling Market?
The Finnish gambling market is considered to be very tightly regulated. The state maintains a monopoly on betting operations and they appear determined to run a clean industry. While this strict control obviously results in large profits for the government, they take underage and problem gambling seriously as well as fair play and customer protection. Finnish gaming license holders are held to very high standards.
Is Gambling Legal in Finland? What is the Legal Betting Age?
Gambling is perfectly legal in Finland. The legal age for placing a bet is 18. While the country hosts 2 casinos, there are a number of outlets at which Finnish residents can partake in slots, lottery, bingo, and sports betting. Foreign online casinos may accept wagers from residents but the operators are forbidden to advertise their services here.
Does Finland Tax Gambling Winnings?
Gamblers in Finland do not have to pay taxes on gambling winnings with the exception of the lottery. Lottery winners must declare their prizes on their income tax. The gambling companies are faced with a series of taxes ranging from gross profits to the value of winnings.
What Currencies and Payment Methods do Finnish Players Generally Use?
As a member of the European Union, Finland’s official currency is the Euro and it is accepted at all betting establishment on land and is a widely accepted currency option at internet wagering establishments. When a Finnish player is looking to make a deposit or withdrawal at an online gaming site, the most commonly used and accepted method is by major credit card or debit card. These include Visa, Mastercard, and Maestro. Prepaid cards like EntroPay and PaySafe are also widely used and accepted. Neteller, Skrill, and WebMoney are very popular eWallet payment options while Instabank, Euteller, and direct bank transfers are also used.
Be sure to check the website to find out what payment options are available for Finnish players.