License Name
Veikkaus Oy Exclusive Licence (Finland State Gambling Monopoly)
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Issuing Country/Region
Finland
Regulatory Body
Ministry of the Interior; National Police Board
Types of Regulated Games
Lotteries, betting, casino games, scratch cards, slot machines, sports betting, instant-win games
Market Coverage
Local
Regulator's Reputation
Good
Legal Entity Requirements
Operations must be carried out by Veikkaus Oy, a wholly state-owned company
Anti-Money Laundering (AML) Requirements
Strict AML obligations under Finland’s Act on Preventing Money Laundering and Terrorist Financing, including customer due diligence, reporting, recordkeeping, and suspicious transaction monitoring
Data Protection Requirements
Compliance with GDPR and Finnish data protection legislation; specific data handling restrictions for player data
Reporting Requirements
Regular reporting to the Ministry of the Interior and National Police Board as specified by law
Audit Requirements
Mandatory audits in line with public sector and lottery regulations
Software Certification Requirements
Not specifically published
RNG Certification
Not specifically published
Payment System Requirements
Not specifically published
Server Location Requirements
Not specifically published
Domain Name Requirements
Not specifically published
Language Support Requirements
Finnish and Swedish mandatory
Currency Support Requirements
EUR
License Scope Restrictions
Only Veikkaus Oy is legally permitted to provide and market gambling services in mainland Finland
Jurisdictional Tax Compliance
Subject to relevant Finnish corporate and lottery taxation laws; lottery tax increased from 5% to 12% in 2024
Player Data Storage Requirements
Personal and gambling data is processed and stored as permitted under the law to ensure legal protection and problem gambling measures
Cross-Border Operations
Veikkaus Oy’s exclusive licence is valid only for the Finnish market and does not permit cross-border gambling operations
License Application Transparency
Not applicable as the licence is not available to other entities
Regulatory Contact Point
National Police Board Gambling Administration
Compliance Officer Requirement
Public sector compliance managed within Veikkaus Oy in accordance with legal requirements
Legal Dispute Resolution
Finnish courts; administrative review by authorities
License Transferability
Not transferable
Sub-Licensing Rules
Not permitted
Annual Fees
Not applicable (state-owned company with direct remittances to the state)
Income Taxes
Corporate and lottery taxation under Finnish law; 12% lottery tax since 2024
Player Winnings Taxes
No withholding on player winnings (Finnish tax law; may change with regulatory reform)
Financial Guarantees
Not specifically published
Financial Reporting Requirements
Standard annual and periodic reporting to Finnish authorities as per public-sector company rules
Application Processing Time
Not applicable
Business Plan Requirements
Not published
Internal Policy Requirements
Responsible gambling, AML, KYC, and problem gambling prevention policies are mandatory
Marketing Restrictions
Only Veikkaus Oy may advertise gambling services in Finland; all other advertising is prohibited and administratively sanctioned
Responsible Gaming Measures
Strong responsible gambling obligations including age verification, limits, self-exclusion, and mandatory identification
Self-Exclusion System
Mandatory national self-exclusion tools for all online players
Age Verification Procedures
All online customers must be at least 18, with Finnish bank account, social security number, and address
KYC Procedures
Customer identification and regular monitoring under AML requirements
Complaint Handling Procedures
Managed directly by Veikkaus Oy; supervision provided by the National Police Board
Player Funds Protection
Not specifically published
Betting Limits
Not published; government decrees set certain game- and venue-specific limits
RTP Requirements
Not published
Jackpot Regulations
Not published
Live Game Requirements
Not published
Mobile App Compliance
Not published
Affiliate Program Rules
Not applicable
Security Standards
Not published
Encryption Requirements
Not published
Backup Requirements
Not published
Monitoring Systems
Not published
Operation Logging
Not published
Anti-Fraud Systems
Not published
License Duration
Indefinite as long as Veikkaus Oy is state-owned and legislation remains in place
Renewal Procedure
Not applicable
Penalties for Non-Compliance
Administrative sanctions, conditional fines, and criminal penalties for operators breaking monopoly
Official Address
Veikkaus Oy, Karhusaarenkuja 2, 02130 Espoo, Finland
FAQ Question 1
What is Finland’s State Monopoly Licence for All Forms of Gambling?
FAQ Answer 1
This licence authorizes Veikkaus Oy, the state-owned company, to exclusively operate all forms of gambling in Finland, including lotteries, sports betting, casino games, and online gambling. It ensures centralized control to promote responsible gaming and prevent gambling-related harm.
FAQ Question 2
Which jurisdiction issues Finland’s State Monopoly Licence?
FAQ Answer 2
The licence is granted by the Finnish government, with regulatory oversight by the Ministry of Agriculture and Forestry and the Finnish Gambling Authority, under Finnish law.
FAQ Question 3
What is the cost of obtaining Finland’s State Monopoly Licence?
FAQ Answer 3
As a state monopoly, no application or licensing fees are applicable to other operators since Veikkaus Oy exclusively holds the rights. The cost structure relates primarily to operational expenses and contributions to social causes mandated by law.
FAQ Question 4
What are the main requirements for Finland’s State Monopoly Licence?
FAQ Answer 4
The main requirements involve strict government control over gambling operations, implementation of responsible gambling measures, robust prevention of underage gambling, transparent reporting, and adherence to social welfare objectives. Veikkaus Oy must comply with all regulatory obligations and provide detailed operational data to authorities.