Finland Cuts Down Loss Limits for Fast-Paced Online Games

4 May 2020

In the wake of the Corona Virus pandemic that’s already brought the world to its knees, the Finnish Ministry of the Interior announced a significant reduction of the loss limits for online content offered by Veikkaus. These newly reduced loss limits seem to have been imposed to ensure that locals don’t lose a lot of money from gambling activities now that economies are on the verge of grinding to a halt.

The ministry announced that the current ‘exceptional circumstances’ are what led them to decrease the monthly and daily loss limits for online casino games available at Veikkaus, the state gaming operator. As a result, ‘fast-paced online games’ will have their loss limits cut to €500 from €2,000 per month while the loss limit per player each day was brought down by 50% to €500 from the initial €1,000.

This new decree will be effective starting 1st May, until 30th September 2020 for instant win games and table games as well as online slots and online bingo. However, poker is excluded from this restriction as it is considered a game of skill. Should you reach the loss limit for the day, you will be ineligible to gamble for a whole month.

Veikkaus also announced the indefinite suspension of raffle draws from 4th May, but raffle tickets will continue to go on sale as they can be issued as a reward in instant win games. The state operator is, however, looking for new channels to continue to deliver its core lottery-based products in the course of the suspension period.

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