Finland is a small and beautiful country where everyone wishes to live with free education, free healthcare. People in the country also love to gamble at online casinos in their free time as a form of entertainment. The government considers gambling in this small country not a tool for entertainment, but also an effective way to increase their revenue.
In this article, we would like to provide the latest and detailed information about gambling as well as online casinos in Finland. Our attempt is to help you to understand the current situation if you gamble not just encourage you to take part in gambling. Please gambling safe and fun.
Should you want to discover new-comers in the gambling industry, check out the best new online casinos in Finland now.
Gambling of all types is legal including sports betting, lotteries, and online casinos, and land-based casinos. All Finnish casinos need to obtain a state license which is issued by the government. To qualify to get the license, the online or offline operators need to prove their ability to handle the payouts.
In total, there are 4 bodies that regulate gambling in Finland, namely:
While RAY, Oy Veikkaus AB, and Fintoto Oy are state gambling regulators, PAF is known to be autonomous.
First Act was born to regulate the market of money games in Finland on January 1st, 1966. It is called Lottery Act 491/65. Based on this Act, Finnish gamblers can play at all slot machines, casinos, and bingo. All of these games are classified as Lotteries at that time though.
Besides its contribution to the entertainment purpose, The Lottery Act also addressed gambling in Finland as a source of charity.
After 36 years, the lawmakers of the country decided to reform the law once more. The first movement of the reform is issuing different licenses for different activities such as betting, casino games, lotteries, pools. The government believed that by doing that they can easily manage all gambling activities, preventing any form of illegal form of gambling.
The licenses enacted by the government will have a duration of 5 years. If the operators violate the rules after getting the license, the gambling commission will deactivate the site.
When it comes to payments that you can use at Finland online casinos, you will not be disappointed thanks to the vast number of methods that are available. Below we have a list of top banking methods that we would recommend you to use at Finland Casinos.
You should bear in mind that e-wallets always bring you a fast processing time of deposits and withdrawals. However, using an e-wallet can also eliminate the chance to claim bonuses.
The minimum deposit amount is usually somewhere between 5-20 Euro depending on the bookmaker.