Finns growing weary of Veikkaus online gambling monopoly

Finland’s gambling market derives over half its turnover from individuals who either have gambling problems or are at risk of developing problems, while the country is losing faith with its state-run gambling monopoly. 

On Tuesday, the Finnish Institute for Health and Welfare (THL) released its latest snapshot of the country’s gambling market, which claims that a mere 2.5% of gamblers accounted for half of all gambling spending in 2019. (Read the report here, English abstract starts on page 11.)

The 2.5% figure – which represents around 72k individuals – is a significant shrinkage from the 4.2% of Finns who were responsible for half of all gambling spending in a similar survey in 2007, and less than half the 5.2% figure from 2015. 

THL released the preliminary results of its 2019 survey this spring, which showed problem gambling rates falling 0.3 points to 3% and the at-risk figure falling 4.3 points to 10.7%. But researcher Anne Salonen called it “concerning” that a relative handful of individuals were so demonstrably bucking this trend.