Finland is no stranger to the digital revolution. The country is at the forefront of digital transactions, cybersecurity, and internet penetration, all of which create the perfect framework for the proliferation of online businesses. This forward-thinking mindset also applies to the gambling industry. However, with a government monopoly on betting operations, tech-savvy Finns often seek out offshore platforms to fuel their entertainment needs, leading to the demand for MGA-licensed operators.
MGA-Licensed Operators are the Top Choice for Finnish Gamblers: A Summary
- The Finnish government has announced plans to dissolve the national betting agency, Veikkaus’ monopoly in the market, and accept private operators from 2027. The licence application window is set to open in early 2026.
- The Malta Gaming Authority (MGA) gambling licence has been one of the most revered and trusted hallmarks in the industry for years. Finnish players prefer MGA-licensed casinos due to fairness, security, and a smooth experience.
- MGA-licensed casinos offer tax-free payouts. As part of the European Union, Malta enjoys free capital movement as one of the four fundamental freedoms in EU free trade.
Why do Finns Prefer MGA-Licensed Casinos?
MGA-licensed online casinos are so popular in the country that several affiliate websites and review platforms are actively guiding players toward top-rated online casinos in Finland with an MGA licence. As one of the strictest regulatory authorities worldwide, the MGA has built a stellar reputation for upholding the highest industry standards. As a result, tech-savvy Finns are opting for the best platforms to ensure safety during online excursions.
To obtain an MGA licence, operators need to comply with strict regulatory standards. The gambling watchdog closely monitors these platforms once they receive their licence. This consistent monitoring and enforcement ensure maximum transparency, encouraging Finnish punters to sign up at MGA-licensed casinos.
Another major draw is the 0% tax on gambling payouts that Finnish gamblers enjoy on MGA-licensed platforms, thanks to their membership in the EU single market. Legal clarity, strict enforcement, tax-free winnings, and swift dispute resolution are the primary reasons why Finnish gamblers choose MGA-licensed online casinos.
Estimates suggest 150+ MGA-licensed casinos currently offer gambling services in the Finnish language. The list includes banking services, ID verification, and customer support, among others. However, things could soon take a turn for the better as the Finnish government recently announced plans to welcome private gambling operators in the country, ending the state-run Veikkaus’ monopoly.
Evolving Regulatory Environment a Boon for Finnish Gamblers
In a landmark development, the Finnish government announced its plans to dismantle Veikkaus’ monopoly in the gambling sector. The government will accept licence applications from private operators starting early 2026. The first wave of operations is set to commence in 2027.
The reform is part of the government’s efforts to align the Finnish online gambling industry with the rest of Europe, offering greater variations while upholding security. According to experts familiar with the situation, the government aims to regulate the gambling industry by balancing economic opportunities and consumer protection.
This marks a significant turning point in the country’s online gambling sector, which has been under Veikkaus’ exclusive control since the beginning. While the government continues to work on the regulatory bill, players rely on offshore gambling platforms licensed in Malta to fuel their entertainment needs.
As Finland develops a regulatory framework for a balanced and modern iGaming industry, the role of MGA-licensed casinos among Finnish players may shift in the coming years. With the new model set to come into effect in 2027, the country’s iGaming sector is getting ready to adapt to new regulations.