Veikkaus


Veikkaus Oy is the Finnish government-owned betting agency which holds a monopoly in the country. It was formed in 2017 as a merger of three previously existing betting and gambling agencies of Veikkaus, Fintoto and Finland's Slot Machine Association.
In January 2019, Veikkaus announced a plan to reduce its workforce by around 400 positions, while also announcing “significant overhauls of our gaming locations and an end to the restaurant gaming table business.”
A survey, conducted by Finnish polling specialist Bilendi on behalf of Kasino Curt, says that more Finns support than oppose the idea of abolishing Finland’s gambling monopoly and adopting a gambling license system. The interviews were conducted within Bilendi Oy’s nationwide consumer panel during March 20 to 24 2019. The survey error margin is ±3.1 percentage points.
The survey found that 31 per cent of Finns want to abolish the gambling monopoly and adopt a gambling license system instead, whereas 27 per cent of Finns are against the idea. The rest either cannot say their opinion or have a neutral stance in the matter.

Profit distribution

The profit distribution of Veikkaus is determined in the law. The profit is distributed to be onwards distributed to ministry-specific beneficiaries as follows: