Finland’s transition to commercial gambling in 2027

Lea Hogg July 9, 2024

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Finland’s transition to commercial gambling in 2027

Finland is set to open its doors to commercial gambling operators by 2027. This comes as a result of a draft bill recently presented by Finland’s Ministry of the Interior, signalling a significant shift in the country’s gambling landscape.

The Finnish government initially planned to end the existing monopoly held by the government-owned betting agency, Veikkaus, by the close of 2026. However, the new bill, which is currently being compiled by the Ministry of the Interior, is set to be presented during the country’s spring session in 2025.

The primary aim of this bill is to “prevent and reduce gambling disadvantages and to improve the channelling of demand into the legally regulated gambling system”. This move is seen as a proactive approach to regulate the gambling industry while ensuring the welfare of the Finnish population.

Upon approval of the bill, operators will be able to apply for licenses starting early 2026. Meanwhile, suppliers for software provider licenses can start their application process from 2027. This phased approach ensures a smooth transition while maintaining the integrity of the gambling ecosystem.

From monopoly to open market

Currently, the National Police Board oversees gambling in Finland. However, with the introduction of the new bill, this will be overhauled. The Ministry of Finance will be tasked with establishing a new supervisory authority to regulate the market, marking a significant shift in the governance of the gambling industry.

This move towards a more open and regulated gambling market is a testament to Finland’s progressive approach to adapting to changing societal trends. It not only provides an opportunity for commercial operators but also ensures the protection of its citizens from potential gambling-related issues.

In conclusion, the year 2027 marks a new chapter in Finland’s gambling industry. As the country prepares to welcome commercial operators, it also braces itself for the challenges and opportunities that this change will bring. It is indeed a revolution, a game-changer that will reshape the gambling landscape in Finland.