Playing casino games online can be a fun-filled and rewarding experience, but before they get their feet wet, gambling enthusiasts must invest some time to better understand the gambling-related legislation in their country. While some countries allow their residents to engage in all forms of gambling without limitations, others only have a liberal stance on some such activities.
As it turns out, Finns have a great love for gambling activities, and as it turns out, the country is the fourth-largest gambling country, as around 80% of its population takes part in such activities.
Considering that Finland has a monopoly on gambling activities, it makes sense that the country sees much more offshore activity than onshore. Thus, the government-owned betting agency Veikkaus Oy is not the only option players have when they want to enjoy the games they are fond of online, as there are a number of platforms on which Finns are more than welcome.
Casino Sites in Finland
Avid casino fans from Finland are given a choice from a great number of online casinos that are above reputable and deliver all their users a world-class betting experience and great no deposit bonus deals. To make sure that all their members will be provided with a top-notch experience, operators compile comprehensive game portfolios in which releases from dozens of software providers are featured.
The premium-quality Finland-facing online casinos are instantly recognizable for their well-organized websites, hassle-free payments, and rewarding special incentives. Since the mobile gambling industry has grown in size and popularity, it is not surprising that most operators strive to respond to the demands and requirements of mobile users.
Best Casino Bonuses in Finland
Casino operators are well aware that Finns are exceptionally enthusiastic about playing casino games, and to make their betting session all the more thrilling and fun-filled, they present various eye-catching casino no deposit bonus deals. Typically, online casinos take care of their regular users but also make sure that gambling enthusiasts will have a reason to register for an account.
Welcome bonuses are a great tool for players to wrap their heads around the chosen online casino when they have just joined its community. To make the best out of their experience from the very beginning, casino operators allow newcomers to redeem deposit matches on their first or subsequent deposits. On some occasions, the bonus funds might go together with a batch of bonus spins first-timers can activate on a specific slot.
No Deposit Bonuses
Depending on the online casino players have joined, they might be awarded a no-deposit bonus as soon as they create their accounts. Such special offers might award bonus funds or rounds of bonus spins, and this only depends on the casino.
Players should not be left under the impression that deposit matches and rounds of free spins are awarded exclusively when they join the community of online casinos. This is easily not the case as such perks might be offered by casinos on specific days of the week or for a limited period of time.
Cashback offers are also frequently available across Finland-oriented online casinos, and these bonus deals are awarded as compensation for the net losses of players during a specific period of time. The reimbursement of the losses players can get varies wildly between online casinos, but typically, this percentage is within the range of 5% and 20%. Players should also keep in mind that there is a ceiling on the amount they can get.
There are also online casinos that are looking to provide their users with a one-of-a-kind betting experience, and because of this, treat them with tailor-made bonus deals. Usually, such offers are based on the performance of players and Finns can expect to receive them via email.
To ensure that the most loyal users will have a quality time too, operators present VIP programs. Once players get enrolled in these programs, they might be offered various perks, including faster cashout times, personal account manager, gifts, better customer service, and various bonus incentives.
Casino Regulation in Finland
The Lotteries Act (1047/2001) is the piece of legislation that defines the gambling services that may and may not be provided and marketed in the country. There are several Government Decrees that complement the Finnish Lotteries Act, and these include the Government Decree on Lotteries (1345/2001), the Government Decree of Games Operated by Veikkaus Oy (1414/2016), and the Government Decree on the Advisory Board on Gambling (658/2017).
Because of the unfavorable effects gambling might have, the government imposes a number of restrictions on the way games are provided and marketed. First and foremost, accessing any of the gambling products the government-owned betting agency offers is possible only if customers are at least 18 years of age.
Because of the responsible gambling requirements, customers must have a bank account at one of the Finnish banks. Having a Finnish social security number, as well as a permanent address in Finland is also a must.
The government-owned betting company Veikkaus Oy is given the exclusive right to provide and market gambling services in Finland, no matter whether it comes to online or land-based gambling operations. The company was introduced in 2017 as a result of the merger of the previously existing gambling and betting agencies, the Slot Machine Association, Fintoto, and Veikkaus. Hence, all other operators are prohibited from accommodating players from the country, and if they violate this rule, they are punishable under the Criminal Code.
When players want to join Veikkaus Oy, they need to go through a verification procedure in order to ensure that the player is at least 18 years of age. The person’s identity and place of residence should also be verified. After legislative changes that were passed in 2021, slot machines in kiosks, service stations, stores, and restaurants are also subject to mandatory authentication.
Another thing to consider is that players can enjoy the games available at Veikkaus Oy in fun mode only if they have already registered for an account. After the Coronavirus outbreak, a maximum loss limit was imposed for land-based and online gambling activities. These limits are still in place, and the maximum amount players can lose per day while they enjoy their favorite games at Veikkaus Oy is €500. Prior to that, the ceiling on that amount was €1,000. There is also a monthly loss limit, which stands at €2,000.
The National Police Board oversees gambling and lotteries in the country and has the power to intervene in prohibited gambling. What players need to know is that, unlike other countries, Finland does not issue licenses.
Up to this point, no payment-blocking system is implemented in Finland. That being said, there are calls to reform the Lotteries Act, and such a proposal was sent to Parliament in 2021. Under the current legislative frame in Finland, using virtual currencies is not prohibited.
Under the provisions of the Lotteries Act, online gambling companies that are based in other countries are not allowed to market their services in Finland.
The Aland Islands
The Aland Islands are an autonomous region in Finland in which the regional Government has introduced its own gambling-related legislation. Much like in mainland Finland, all gambling activities are organized by the government-owned betting agency Penningautomatförening or PAF.
Overseas Gambling Operators
In spite of the fact that Veikkaus Oy is given the exclusive right to provide gambling products to Finnish players, this is not to say that overseas operators do not target users from the country. It is just the other way around as more and more providers are looking to tap into the market.
Under Finnish law, no penalties are envisaged for residents of the country who access and play at foreign betting platforms. It is worth mentioning that the National Police Board has taken measures against foreign operators and the government-owned betting agency. As it seems, the Board is not that interested in dealing with offshore betting platforms Finnish citizens join, especially if they lack a sufficient nexus to the country.
In 2021, a proposal for reforming the Act was sent to Parliament. The envisaged legislative changes aimed at introducing a payment-blocking system that must limit gambling to the exclusive right system. Therefore, banks and all other PSPs will be obliged to thwart gambling-related transactions for companies that violate the law while marketing their services.
Is it legal to play at online casinos in Finland?
Veikkaus is given the exclusive right to provide and market gambling services to Finns. That being said, players will not face any sanctions if they access or place real-money bets at overseas casinos. Still, before they get on board, gambling enthusiasts are advised to make sure that the operator is trustworthy and has fair practices.
Which regulators oversee the Finnish gambling market?
The gambling market in Finland is dominated by the Veikkaus, and therefore no licensing regime or authority that issues such are introduced. Still, land-based and online gambling activities are overseen by the National Police Board and the Ministry of the Interior.
Which are the top payment solutions to use while playing online?
Finns are unlikely to experience any issues when moving their funds around web-based casinos as they can use a number of fast, convenient, and secure payment methods, including Paysafecard, debit/credit cards, bank transfers, and digital wallets.
Can I redeem bonuses while playing at Finland-friendly online casinos?
Yes. Typically, Finland-oriented online casinos introduce various special incentives that are designed for newcomers and returning users. To keep the engagement of players high, operators offer welcome bonuses, no-deposit bonuses, loyalty bonuses, free spins, cashback deals, and referral bonuses, among others.
Are online casinos that accept Finnish players secure?
This only depends on the online betting platform players have picked. In order to determine whether an online casino is above board, players need to look into the operator’s seals of approval. Additionally, they should check what measures are in place to keep players’ funds and sensitive information unassailable.