What are the regulations on online casinos and games of chance for Finnish players ?
Finland, one of the Nordic countries, can boast of a rich tradition of gambling. Currently, the country offers a wealth of entertainment options for gaming enthusiasts, and it is important to note that the Finns hold the European record for gambling. The gaming industry in Finland is thriving, and locals consider gaming one of their favorite pastimes.
Finnish Online Casino Laws and Regulations
The history of gambling regulation in Finland dates back to the 1920s, when the country introduced legal rules for this industry. Over the decades, Finland has sought to keep the gambling sector legal, due to the Finns’ strong appreciation for online casino. In 1965, the country took a significant step forward by enacting a major law that legalized and regulated various forms of gambling, including slot machines, casinos, lotteries and lotto, regulations as forms of lottery.
In 2002, a significant overhaul of gambling legislation came, when Finland established a monopoly on the gambling industry and prevented international operators from opening physical casinos on its territory. Finnish authorities have also established regulatory bodies to monitor and regulate the country’s gaming sector. These entities include RAY (Finnish Slot Machine Association), Veikkaus Oy (Finnish National Betting Agency) and PAF (Provincial Control of Aland).
However, in 2019 and 2020, the gambling legislation in Finland underwent changes, clearly distinguishing online gambling establishments from their land-based counterparts. Following these amendments to the Lotteries Act (1047/2001), the regulatory bodies were merged into one agency, named Veikkaus. According to the new legal provisions, Finnish players can now access any online casino, provided that the casino is neither linked to Finland nor advertises in Finland.
The good news for Finnish players is that they can enjoy various online gaming platforms that accept their participation. Additionally, they are not required to pay taxes on their winnings. On the other hand, licensed Finnish gaming operators must pay a profit tax of 8.5%.
Criteria to take into account when choosing the best casino site in Finland
When selecting the best online casinos in Finland, here are the key elements that casinos should have, and you should be aware of them :
Strong reputation and customer support service
Constantly look for online gambling platforms that have an excellent reputation. To ensure your security, make sure there have been no major scandals related to the gaming platform, and check for proper SSL certificates and encryption settings. Additionally, a quality online casino should have top-notch customer service. Finnish players should look for an online gaming platform that offers friendly, knowledgeable and professional customer support services.
Welcome offers and bonuses for regular customers
Welcome offers and bonuses for regular customers are of crucial importance. Make sure the site has an attractive welcome offer for new players. Since all online gambling platforms offer such a promotion, it is essential to choose one that offers clear and reasonable conditions. Given Finns’ enthusiasm for online gambling and their significant spending in this area, when choosing an online gambling platform in Finland, give preference to those that reward their regular players through bonuses and advantageous promotions.
Game types and software providers
The variety of games offered by the online gaming platform is of paramount importance, especially for Finnish players who favor slot machines. Many online gaming platforms feature games from a variety of developers, but their reputation varies. It is a good idea to look for sites that offer games from globally recognized gaming software, as this ensures the quality of the games available.
Supported devices and available payment methods
When choosing an online gaming platform in Finland, accessibility is another key element to consider. Given Finns’ love of gaming, mobile compatibility is essential. Online gaming involves real money deposits, which is why Finnish players should favor online gaming platforms that offer safe and secure payment methods.
The most popular and recognized online casino games in Finland
Finns love to gamble, as proven by the fact that on average Finns spend around $15 per week on gambling. However, not all games are equally favored by Finnish punters. Here are the most popular games among Finns.
Slot machines are by far the favorite games of chance among Finnish players. Finns’ love for slot machines is probably due to the fact that the first games of chance introduced to Finland were slot machines. Now, video slots dominate online casinos and Finns can select one of the thousands of slot games on offer.
Blackjack is a reasonably popular game of chance in Finland and is gaining popularity with widespread online gaming platforms. European blackjack, classic blackjack and single deck blackjack are the most popular varieties of blackjack among Finns.
Online roulette is also very popular in Finland, and people here often choose French roulette, European roulette or American roulette.
Croupier or Dealer Games
Live dealer games offer a rough feel of a real casino, and these games are becoming more and more popular in Finland. Many online casinos have an excellent live casino game offering, and Finnish players mostly take advantage of this.
How to play online in Finland ?
To play online in Finland, the process is simple. All you need to do is select an online gaming platform suitable for Finnish players, create a profile and log in to your account. Next, choose from the available welcome offers and make a deposit of funds. Now you are ready to select your favorite game and start playing.