Finland is often a country that’s leading the way in tech and innovation. Don’t let its relatively small population size of 5.5 million fool you: Finland is home to some of the best software developers and tech start-ups on a global scale.
This extends to Finland’s blossoming online casino industry, which has made massive strides in the past few years. So how exactly has Finland taken the casino online industry by storm?
In this article, we will give you a lowdown of the parameters of why Finland’s online casino industry is so successful and what we can expect moving forward.
Finland’s online casino industry: an overview
Right now, the Finnish online casino market is estimated to be worth as much as 780 million euros and this number is set to increase in the coming years.
With a recent influx of new investment, investors and shareholders are waking up to the potential of where the industry is heading. With this investment comes better gameplay, options, and security for its users. For example, We read from gambleguardian.com that Brite pay n play casinos are one of the newest gaming option for Finnish casino players, allowing them flexibility in how they deposit funds and immediacy in accessing games.
Meanwhile, the Finnish government is incredibly receptive to the online casino industry. In comparison to other countries where they either ignore it or impose sanctions upon it, Finland treats online casinos like any other business.
They’ve actively put in laws and regulations to support customers and protect their rights and safety. This has allowed users to feel secure whilst gambling online and therefore encourages more people to use the platforms.
Low taxation laws
One benefit of the Finnish online casino industry is that they have favorably low taxation on winnings in comparison to other EU countries.
At a rate of 30%, this is a lot better than other surrounding countries, meaning that players can keep more of their winnings.
Security and privacy
The Finnish government has a high level of intervention in the online casino market, which is helpful for the customers. For an online casino to be issued a license, it has to undergo a rigorous entry process and pass a number of checks before it can operate online.
In addition to this, every online casino platform is inspected every year by the Finnish Gambling Authority (FGA) to ensure the platform is still keeping up with the mandated rules and regulations.
If they are found to be in breach of these rules, the platform’s license is revoked until suitable standards can be met. This improves the online experience for users and creates a safe and secure environment whilst they are playing.
The future of the Finnish casino industry
With the demand for online casinos in Finland still continuing to grow at a rapid rate, we shouldn’t expect the market to slow down any time soon.
Finland’s forward-thinking approach regarding innovation and online platforms ensures that the Finland online casino industry is one of the best out there for its players.
The climate of proper regulation and checks from governing bodies means that players can gamble recreationally with ease from the comfort of their own homes.