Best Online lotteries in Finland 2022

Finland is one of the most affluent countries in the world. It is located in Northern Europe, bordering Norway, Sweden, and Russia. It has a population of approximately 5.5 million and covers an area of around 338,450 square kilometers. Statistics indicate that a good percentage of the adult population in the country gamble or play lotto games. Lotteries are among the most popular gambling forms among Finnish punters.

The most popular lottery in the country is the state-run lotto known as Veikkaus. However, punters have numerous options when choosing lotteries, including international ones, thanks to the online lottery platforms that give punters access to popular international lotteries.

Best Online lotteries in Finland 2022
Best Online Lotteries in Finland 2022

Best Online Lotteries in Finland 2022

One of the main reasons that lotteries are popular among Finnish punters is their high risk to reward ratio. That is especially the case for progressive jackpot lotteries that offer life-changing prizes for affordable ticket prices.

Another reason is that lotteries are exciting and easy to play. All it takes to play is purchasing tickets from the best lottery sites and choosing the lucky numbers. Punters then experience the draw's thrill and nail-biting moments that determine whether they win the jackpot. Moreover, effective marketing campaigns by sweepstake providers also contribute a lot to the increasing popularity of lotteries.

Best Online Lotteries in Finland 2022
History of Lotteries in Finland

History of Lotteries in Finland

The history of lotteries in Finland dates back to the 17th century. Lotteries were the main form of gambling in the country and remained the most popular until the 19th century when Finland became part of the Russian Empire. After that, the popularity of lotteries started dwindling until 1899, when they became illegal alongside other forms of gambling.

Finland gained its independence in 1917, and lotteries became legal in the same year. As a result, the popularity of lotteries in the country began growing again, but other introduced casino games became a lot more popular. Such included slots and sports betting.

Veikkus was given the monopoly by the Finnish government to run the national lottery. The Finland lottery provider began selling lottery tickets in 1970, with the first televised draw aired in December 1971. The duration between different draws varied based on the number of tickets sold.

By January 2011, when the lottery turned 40, Veikkaus had done lottery draws 2126 times. Since that time, there has been one draw each week. The draws are held every Saturday at 10.15 p.m.

History of Lotteries in Finland
Lotteries Nowadays in Finland

Lotteries Nowadays in Finland

Several changes have taken place regarding lotteries in Finland over the years. The main difference came during the early 2000s. That was when online lottery platforms became popular. That made the lotteries easily accessible to more punters as they could purchase tickets and follow the draws online. That also meant fewer inconveniences queueing at lottery kiosks to buy tickets and choose lucky numbers.

The ability to purchase tickets online also allowed punters to access international lotteries without challenges related to geographical boundaries. That included some of the biggest offshore-based lotteries globally.

Winning the national lottery in Finland became more challenging with time and now has the worst odds. Initially, punters had to choose only six numbers from one to 40. Then, it changed to seven numbers from a range of one to 37, and then to seven numbers from one to 39.

Currently, punters must choose seven numbers ranging between one and 40. Other lotteries, such as the Viking raffle, have varying odds and winning categories.

Lotteries Nowadays in Finland
Future of Lotteries in Finland

Future of Lotteries in Finland

According to many experts, lotteries in Finland are likely to continue thriving in the coming years. The main reason is that it helps generate billions of dollars in revenue for the government, which serves as an additional boost to the country's reserves.

The government is thus more likely to continue supporting lotteries and invest in anything that can make it better. However, that will not be at the expense of its citizens. The Finnish government has to impose all measures that will help prevent its residents from gambling harm and addiction.

Improvements in technology will also spur some growth in the popularity of lotteries. Going by the current trends in technological advances in the gaming scene, raffle games providers will be able to offer improved features, more draws, and new channels for accessing the lotteries, making it easier and convenient for more players to participate.

In addition, improved and innovative technologies will also ensure more transparency is achieved.

Some of the changes that are likely to occur regarding lotteries might not be favorable to punters and lottery operators. For example, the government might opt to increase the taxes to regulate the ever-growing gambling industry. If things worsen, the government might introduce additional regulations to limit gambling or make it illegal.

However, there has been no indication of that happening, and the government has not raised any concerns yet. On the contrary, the regulating authority seems to be doing a great job and will likely do an even better one in the future.

Future of Lotteries in Finland
Lottery Legislation in Finland

Lottery Legislation in Finland

Several other laws and regulations apply to lotteries in Finland. They include the Lottery Tax Act (552/1992), the Finnish Criminal Code (39/1889), the Act on Electronic Communication Services (917/2018), GDPR and Data Protection Act (1020/2018), Consumer Protection Act, and Money Laundering and Terrorist Financing Prevention Act. In addition, the Aland Islands have a special law known as the Aland's Provincial Law on Lotteries.

Requirements

There are a few requirements for punters to play the Finland National Lottery. The provider ensures players fulfill all the requirements to play the lottery online. In addition, players must be at least 18 years old, have a social security number, have a Finnish bank account, and have a permanent address in Finland.

Lottery Legislation in Finland
Recent Changes in the Finnish Gambling Laws

Recent Changes in the Finnish Gambling Laws

Several changes were made in the September 2021 amendments, effected on 22 January 2022. The central objective of the reforms was to restrict offshore gambling companies from advertising in Finland. The earlier laws had already prohibited the offshore companies from marketing their products and services to Finn punters, but the providers were using loopholes.

The changes included the introduction of payment blocking, administrative penalties, and mandatory registration of punters. The changes are relatively effective, but more has to be done to make it impossible for punters to play offshore lotteries. For example, the government cannot block cryptocurrency payments, despite the new regulations that allow payments to offshore lotteries to be stopped.

Recent Changes in the Finnish Gambling Laws
Finnish Players' Favorite Games

Finnish Players' Favorite Games

Some raffle games enjoy considerable popularity among Finnish punters. Here are some popular titles featured on the best lottery sites.

Finland Lotto

Finland Lotto enjoys a considerable following and is regarded as the country's biggest and most famous sweepstake game. About 70% of the adult population participates in the raffle regularly. Playing the game is straightforward. Punters only need to purchase a ticket from a trusted vendor and select seven lucky numbers from one to 40.

The sweepstake has six prize tiers, with the jackpot win requiring punters to match all the seven numbers. Each ticket goes for €1. The minimum jackpot amount for the Finland Sweepstake is €700,000, and the highest it has ever gone to was €14.1 million.

Viking Lotto

Viking Lotto was formed in 1993 by the national lotteries of Denmark, Sweden, Norway, Finland, Iceland, Lithuania, Latvia, and Estonia. Slovenia and Belgium joined the corporation in 2017 and 2020, respectively. It holds draws every Wednesday, in Hamar, Norway. Punters can purchase tickets from any of the member countries.

Viking's ticket prices vary, ranging from as low as €0.71 in Iceland to as high as €10 in Belgium. The raffle sees players select six numbers from a pool ranging from one to 48. Players also choose an additional lucky number from a different pool of one to five. The minimum jackpot prize offered is €3 million, which can grow to a maximum of €25 million.

Finnish Players' Favorite Games
Payment Methods in Finland

Payment Methods in Finland

According to research conducted in 2021, more than 66% of Finns use credit and debit cards to make online payments. That includes those who purchase raffle tickets online. Credit and debit cards are popular because they are easy to use. Punters only need to enter their card details and the amount they need to spend to complete the purchase. Payment processing is instant.

Digital Wallets

Digital wallets are another popular option punters use when purchasing raffle tickets. There are many digital wallets available to Finns, each with a unique combination of features to cater to the needs of all users. Digital wallets are popular because they are safe and easy to use. They are also convenient as they can be used from any device irrespective of time or location.

Cryptocurrencies

Cryptocurrencies are gradually but steadily becoming a preferred option for online payment among the Finnish people. That is especially the case among those who opt to make payments anonymously.

For example, most players who do not want any transaction with a gambling provider showing in their banking history prefer using cryptocurrencies like Bitcoin, when buying tickets online. The only downside to using cryptocurrencies is that it is more complicated than other methods. Also, errors made during the payment process can be tough to trace and correct.

Payment Methods in Finland
FAQs

FAQs

Is playing lotteries legal in Finland?

All Finnish people are permitted to play lotteries, provided that Veikkaus, the state-owned gambling company, offer the lottery. The only exception is for Viking Lotto, of which Veikkaus is a member.

What are the requirements for playing a lottery in Finland?

The main requirements for punters are that they must be older than 18 years, have a Finnish social security number, be a permanent resident in the country, and have a Finnish bank account. Punters also have the responsibility of playing fairly.

Are sweepstakes winnings taxed in Finland?

Winners must pay tax on their winnings, irrespective of their win amount. The tax rate is 30% of the total monetary value of winnings. The high tax rates help to regulate the gambling industry in the country.

Where can punters buy lottery tickets?

The easiest solution for purchasing raffle tickets is via the online platform. However, punters must ensure they are buying them from a trustworthy ticket-selling site. Punters can also get tickets from retailers spread throughout the country.

Can Finnish punters play international lotteries?

There is no law restricting Finns from playing international lotteries. However, the government has done quite a lot to discourage the players from doing so. Therefore, punters need to find creative methods of playing offshore lotteries.

FAQs