finland

PAYMENT METHODS AND ONLINE CASINOS IN FINLAND

Top Casinos and Best Banking Options for Finnish Players

Continuing our exploration of the status of online gambling in Scandinavian states, we’ve arrived in Finland, the country that houses the happiest nation in the world, has all the sauna you can handle, health care for all, northern lights and also some weird competitions such as wife-carrying.

Finns adore gambling and belong in the top five gambling nations across the globe. There are plenty of online casino players among Finnish residents, and for them, CBM has compiled this overview of the best casinos and banking methods online for Finnish players.

Many would argue that simply saying that gambling is popular in Finland would be an understatement. Finland’s gambling scene is very dynamic and exciting, more so online than offline. There is open access to all popular internet gambling games, from slot machines and sports betting to scratch cards, lottery, card games and other table games.

This page is dedicated to thousands of aficionados of online gambling and gaming in Finland, people looking to play high-quality games and chase lucrative payouts while exploring the best casino and banking options available.

The top-ranking, reputed and trustworthy online casinos in Finland have been our subject of interest, so we share our results here, all the while paying special attention to the recommendable banking methods on offer.

Best Finnish Online Casinos

The Finns are committed casino-goers, despite barely having any land-based casino establishments to go to. A small number of physical casinos is compensated by the excellent choice of online gambling websites available to Finnish players. Finland’s gambling market is mainly state-operated, but this does not impede players to enjoy all the perks and benefits that come with internet casinos. Which ones precisely? Take a look below.

  • 4000+ casino games in unique categories
  • 4-layered welcome bonus package
  • Daily cashback offers
Apple Pay logo
AstroPay logo
Bank Transfer logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • 4000+ casino games
  • Crypto payment methods
  • 3-in-1 welcome bonus
Apple Pay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • Crypto online casino
  • 3-layered welcome bonus
  • VIP loyalty program
Binance banking method logo
Bitcoin Logo
Ethereum logo

18+ | New Customers Only |

T&C Apply
  • Crypto payment methods
  • Multiple welcome bonuses
  • A sportsbook section
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • Up to 30% cashback
  • VIP loyalty program
  • Mobile app
Bitcoin Logo
CashtoCode logo
Ethereum logo
eZeeWallet oooour
Jeton Logo

18+ | New Customers Only |

T&C Apply
  • Multiple games from different providers
  • 24/7 live chat service
  • Platform made mobile compatible
Apple Pay logo
AstroPay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • PayID Australian Casino
  • Many available languages
  • Local banking methods
Apple Pay logo
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • 7000+ casino games
  • Sports-betting section
  • 2 types of welcome bonuses
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply
  • 5000+ casino games in dozens of categories
  • 4-in-1 welcome bonus package
  • VIP program with unique rewards
Apple Pay logo
Bank Transfer logo
Binance banking method logo
Bitcoin Logo

18+ | New Customers Only |

T&C Apply
  • 4000+ casino games and game groups
  • Crypto payment methods included
  • Sports-betting section with virtual sports
AstroPay logo
Bank Transfer logo

18+ | New Customers Only |

T&C Apply

Top Casino Banking Methods in Finland

Finland is part of the European Union and allows its residents to make use of the Euro and a lot of the European-based banking solutions. Financing online casino accounts is not an issue, since there are various convenient options available. Most importantly, these options are secure, and we’ve taken a closer look to determine which options are the most popular among Finns, meaning they stand out as the most beneficial and most efficient.

85%
Euteller logo

Review & Best Casinos

  • Great option for Finland
  • Instant deposits
  • Numerous security features
Read Review
85%
Brite nowo 2022

Review & Best Casinos

  • Instant deposits & withdrawals
  • A good Trustly alternative
  • Brite service is free of charge
Read Review
84%
Siirto logo

Review & Best Casinos

  • Instant deposits & withdrawals
  • Very secure
  • No banking fees
Read Review
87%
Trustly logo

Review & Best Casinos

  • Instant bank deposits
  • No fees
  • No registration required
Read Review
86%
Zimpler rq{ent method logo

Review & Best Casinos

  • Instant casino deposits
  • Excellent reputation
  • Great option for Sweden, Finland
Read Review
85%
Nordea Logo

Review & Best Casinos

  • Good option for Nordic players
  • Highly secure method
  • Excellent reputation
Read Review
83%
Siru Mobile logo

Review & Best Casinos

  • Pay with phone number
  • Maximum security
  • Easy to use
Read Review
92%
Visa Logo

Review & Best Casinos

  • Fast casino transactions
  • Available around the globe
  • 165 supported currencies
Read Review
91%
Mastercard logo

Review & Best Casinos

  • A leading payment solution
  • Maximum security
  • Fast & easy casino transactions
Read Review
90%
Banking Methods Payz

Review & Best Casinos

  • Fast casino payments
  • Available around the globe
  • Designed with iGaming focus
Read Review
89%
Revolut logo

Review & Best Casinos

  • Instant deposits
  • Maximum security
  • Various in-app features
Read Review
89%
MuchBetter logo

Review & Best Casinos

  • Available around the globe
  • Designed with iGaming focus
  • Fast deposits & withdrawals
Read Review

Laws and Regulations on Online Gambling in Finland?

Regulation icon

As we all know, gambling can be addictive and when it becomes irrational, people enter the risks which are much higher than any of the risks they would take if they were gambling responsibly.

To prevent this, the Finnish government decided to regulate gambling activities across the country and put the majority of the sites and gaming houses operating in the country under the management of governmental institutions.

In a way, gambling in Finland is a state-owned monopoly system. If operators wish to enter and set up a gambling business in the Finnish market they have to adhere to a set of limitations established by the local government gambling monopolies and the current legislation.

2011 Lotteries Act

The key legal document that regulates gambling services in Finland is the 2011 Lotteries Act which covers all betting forms and gambling activities in the state.

The legislation requires operators to have a government-issued license. Veikkaus Oy, the sole provider of the national lottery, sports betting and instant win games (scratch cards) has a government-issued license.

In December 2021, the Finnish Gambling Law reform was approved, introducing a payment blocking scheme as a new feature.

Other entities that operate legally are RAY, responsible for providing land-based gambling, and Fintoto Oy, which controls pari-mutuel horse racing. These three entities merged in 2016 and are considered to be one operation.

Aland Province is the only exception in the sense that it is controlled by a fourth organization known as PAF. The Finnish model is known as the “3+1” system.

The Finnish government considers legal only online gambling sites that are run by PAF and RAY. However, Finnish citizens find it easy and simple to access online casinos that are based outside of Finland.

Even though international operators are not allowed to set up their businesses inside the country, players are not facing any restrictions that would ban them from accessing sites accepting players from the Scandinavian region.

These sites are not allowed to advertise directly to consumers based in Finland, but individual players are not blocked from accessing them and playing for real money.

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Finland Set to Scrap Veikkaus’s Gambling Monopoly

An updated gambling law came into force in January 2022. Its main takeaways are strengthening responsible gambling measures while maintaining the existing monopoly system. There were also plans of issuing payment blocking orders against iGaming companies in violation of the reformed Lotteries Act.

In 2022, Finland announced a reform of the Lotteries Act that will ban the pay-n-play model favored by Finnish players. As of January 1, 2023, online casinos and sports betting sites with Pay N Play direct bank deposits must include more payment services. At the same time, banks must block transactions related to online gambling.

These blocks only apply to deposit transfers since the Finnish constitution has prevented withdrawals of winnings from gambling sites. Moreover, the prevention of the pay-n-play gambling model refers to the casino and sports betting sites that are blacklisted by the Police Board of Finland. If the board determines the gambling site markets its services to Finnish players, this iGaming brand will end up on the list.

Also, in 2023 Finland is expected to end the Veikkaus Oy online gambling monopoly by introducing a multi-license system. The country should launch an investigation into ending its gambling monopoly and institute licensing for iGaming sites that are not part of Veikkaus.

The aim is to protect players since non-Veikkaus iGaming operators aren’t regulated. Moreover, the state doesn’t charge fees from non-licensed sites, meaning the profits from online gambling go to other countries. However, Veikkaus will continue to control land-based and lottery gaming even if the reform comes into force.

Finnish Market Updates

  • January 2023: Tytti Tuppurainen (Minister of European Affairs and Ownership Steering) reveals that Finland is preparing to remove the online gambling monopoly from the state-owned Veikkaus.
  • January 2023: The reform of Finland’s Lotteries Act introducing payment blocks comes into force. The reform affects Pay N Play payment services, which are no longer available.
  • December 2021: The Finnish Parliament approves the Finnish Gambling Law reform with changes that are expected to enter into force in January 2022.
  • January 2021: A number of proposals to reform Finland’s gambling legislation reach the government which opens consultations and schedules parliament debates after summer of 2021.
  • September 2022: EU’s northernmost country is moving to adopt a licensing model and establish a fully regulated market by 2026. This would mean an end to Finland’s state monopoly.

Are You Required to Pay Taxes on Winnings?

Taxes icon

Finland is somewhat of an outlaw regarding the EU’s accepted gambling practices. Despite the EU’s frowning, Finland maintains government-controlled laws and gambling sites. Finnish players can place bets with foreign operators, but these brands may not advertise in the FI market. Still, many view Finland as a liberal country regarding gambling.

While not particularly welcoming to foreign investors, the Finns have a liberal approach to gambling and laws affecting it. There are talks of dismantling the state monopoly, but we’ll have to see it to believe it. Finns seem to like it the way it is.

When it comes to taxation, Finnish players get to keep all of their earnings. All the winnings a gambler obtains in Finland are 100% tax-free. In other words, gambling winnings become tax-exempt income for the recipient.

This is derived from the fact that Finland is an EEA country. Finland’s tax authority is unlikely to check the origins of your gambling winnings unless it’s a huge amount. In that case, it may be wise to consult an accountant.

The games organizer, though, has to pay taxes. For example, online casino operators must pay a 12% tax on gross profits.

Can Casinos That Accept Finnish Players Be Trusted?

Handshaking icon

Casinos accepting Finnish players are either licensed by the Finnish government or by foreign entities that have been recognised by the industry. All the casinos recommended by CasinoBankingMethods.com at least, you can be sure of that.

International operators servicing Finnish customers have an increased presence on the market and their websites are mostly licensed by regulators such as MGA, UKGC, Alderney or Gibraltar. Curacao also appears from time to time, but Malta is probably the most frequent license issuer you will encounter playing at Finnish online casinos.

Fair gaming icon

Sites licensed by the UK Gambling Commission have gone through strict criteria for licensing sites, so you will be engaging in a secure experience and the highest level of player protection will stand behind your every real money wager.

You may also see sites with a license from Isle of Man, which is also a solid regulator. Any of the mentioned regulatory bodies make sure that sites adhere to gambling laws and meet the criteria for the provision of secure gambling online.

Furthermore, modern online casinos sites are bound to have firewall technology built in to prevent cybercrime and potential data theft. By playing at highly rated online Finnish casinos, you will have all these things covered and won’t have to worry about a thing.

Best Casino Bonuses for Finnish Players

Finnish online casino players are known as slot lovers, so correct us if we are wrong, but we can assume that free spins bonuses are the dream for you. If you come from Finland and want to game for something extra, CBM can assure you that these are the best bonuses you will find at the most popular Finnish online casinos. Welcome offers are terrific, offering you double the deposit in the worst case, but you’ll see that there are also other favourable options such as free spins, cashback bonuses, tournaments, reload bonus deals and more.

Arlekin

Welcome Package

40x (B+FS Wins)

Ongoing

€20/30 AU$

€10,000

85%

Billy Billion

Welcome Package

40x (D+B+FS Wins)

Ongoing

€20/AU$30

10,000

84%

Casombie

Welcome Package

35x (D+B) 40x (FS Wins)

Ongoing

€20/AU$30

No

83%

Zotabet

Welcome Package

WELCOME

40x (B+FS Wins)

Ongoing

€20/30 AU$

82%

Spinch

Welcome Package

WBSPIN

40x (B+D)

Ongoing

€30/45 AU$

82%

Kryptosino

Welcome Package

Free

Ongoing

€20

82%

Vegaz

Welcome Package

100FIRST

Free

Ongoing

€20

82%

Richard

Welcome Package

40x (B+FS Wins)

Ongoing

€/AU$20

82%

Local Payment Methods to Consider

Finland banking icons

Finnish online casinos are designed with Finns in mind, meaning they will not only offer software and games popular among Finnish players but also deposit and withdrawal methods that Finnish online punters find to be the best.

Banking services can be good even if they come offshore from providers used to operating in international environments. Nevertheless, it is always good to keep in mind local payment methods, as they usually prevail.

The reasons why local payment options are typically found more suitable over universal banking solutions are their convenience, accessibility and being affordable.

Finns are likely to be familiar with options such as Euteller, Entercash, Siru Mobile, and Zimpler, which is why many Finnish-oriented casinos offer them. Other excellent methods to consider using are Google Pay, Apple Pay, Trustly, and Nordea.

Casinos that accept online banking are particularly attractive to players using Suomen Verkkomaksut, a brand specialising in e-payments approved by the government. Finnish people are some of the most tech-savvy on the planet which makes e-wallets and online banking options the perfect fit for topping up gambling accounts.

Depositing with EUR Currency

Euro symbol

Finns use the Euro as local currency, sometimes also SEK. The great thing about using Euros for online transactions is that the number of casinos online accepting Euros is enormous. You can’t go wrong with picking out a EUR online casino since you will be paying without any conversion fees, which, as we all know, can be quite disruptive.

You can be in full control of your budget by using a locally-optimised banking method and domestic currency. Remember to always check your prospective casino’s terms and conditions associated with their offered banking options, just to make sure that there aren’t any hidden charges involved.

Top Land-Based Casinos in Finland

Land-Based Casino icon

The interesting thing about Finnish land-based casinos is that most of the proceeds contribute to society. Using gambling profits to support science, public health, education, and other sectors is normal in Finland. There aren’t many brick-and-mortar casinos available, but the ones that work are quite popular among locals and tourists. The preferred venue of most domestic gamblers is Casino Helsinki. Two other options exist, and we’ll describe them below.

Casino Helsinki

If you want to experience Las Vegas-style casino gambling, Casino Helsinki is the place to visit. The casino has been around for more than three decades, located in the very heart of Helsinki. While it may be medium-sized by international standards, this top Finnish casino offers plenty.

An important thing to remember about this venue is that it is non-profit. The entirety of its profits goes to charity. It is a state-owned casino, so it makes sense to redirect the money back into something good for everyone.

Casino Helsinki has over 330 slot machines powered by the world’s most reputable software providers. You can play games from Amatic, Aristocrat, IGT, Konami, Novomatic, and Scientific Games. The venue also houses more than 20 tables where patrons can enjoy several versions of blackjack, roulette, poker, and even Punto Banco. The poker room opens at 17:00.

Casino Helsinki’s table games:

  • Roulette
  • Blackjack
  • Punto Banco
  • Dynamic Poker Pro
  • Russian Poker
  • Free Bet Blackjack

Poker cash games are also available in a special poker room with 7 tables.

All Casino Helsinki patrons get a Casino ID card for authentication at both the tables and slot machines. The casino also checks every player’s identity upon arrival. Therefore, keeping a valid identity document with you is obligatory.

Casino Helsinki is open to visitors Sunday through Thursday, 15:00-02:00 and Friday through Saturday, 15:00-04:00. The venue also houses musical performances and has the following amenities: Sports Bar, Bar All In, Fennia Salonki, Pajazzo Trattoria (renovations should complete in spring 2023).

Casino Tampere

Like Casino Helsinki, Casino Tempere is owned and operated by Veikkaus Oy. The venue opened at Nokia Arena in the city center of Tampere in December 2021. It has a more cosmopolitan atmosphere and a two-floor casino lobby. The casino showcases a 300+ slots collection from manufacturers like IGT, Aristocrat, Scientific Games, and Novomatic.

Here’s a quick summary of the Casino Tempere games:

  • Slots like Cleopatra Gold, 88 Fortunes, Buffalo Gold, and Lucky Lady’s Charm
  • Roulette
  • Blackjack
  • Free Bet Blackjack
  • Dynamic Poker Pro
  • Cash poker tables in the Luhos Area

Casino Tampere is open Sun-Tue from 15:00 to 1:00 and Wed-Sat from 13:00 to 4:00. The entertainment at Casino Tampere is only available for adults. All patrons go through age and identity checks upon arrival. Visiting Casino Tampere also gives you access to the Casino Taproom brewery restaurant, the Emerald Lounge, and the Suisto Sports Lounge.

Most Famous Gamblers

Gambler icon

This Miss Finland is more than just a pretty face. Sara Chafak is a beauty pageant winner, yes. But she is also a rap artist, a host of a cooking show, a model, and a poker player. After events like the Finnish version of Dancing on Ice, she decided to participate in a televised poker tournament Shark Cage in 2014.

What happened in that tournament became part of contemporary poker history, as Chafak bluffed professional poker pro Ronnie Bardah in a heated Texas Hold’em round worth $701,000. The video went viral, and Sara became an icon of beauty and intelligence many would love to possess.

Patrik Antonius is a Helsinki native who was talented in sports and became a professional tennis player. However, a back injury stopped his tennis career, and a door opened for Patrick to discover poker. His career started booming after he began playing online poker in 2003. He was a familiar name on platforms like Full Tilt and Poker Stars, where his nick was FinddaGrind.

Antonius is most famous for holding the record for the biggest pot win in online poker history. He played against Victor Blom, known as Isildur1, and won $1,346,946. While Patrik’s focus were online games, he also has significant live tournament earnings.

Patrik Antonius and Ilari Sahamies met at a local billiard hall, which led to the young Sahamies starting to play poker. He became a specialist in pot-limit Omaha cash games with high stakes. Finnish poker pro Sami Kelopuro and Iilari cofounded the online poker hub Coinflip.com.

At the poker table, Sahamies is known as a trash talker. He also likes to drink alcohol, which proved to be a bad idea since he lost $700,000 in a single day and more than $3 million over four years due to his drinking habit. Under the nickname Ziigmund, Ilari made a name for himself and was known as the one giving the chills to opponents at the table.

Fun Facts

  • The highest amount won in an online casino is a whopping 18 million Euros. It took just 30 minutes in Mega Fortune, a game on the PAF gaming website. And, it is won by no other than a resident of Helsinki in Finland.

  • A recent study showed that they were in 4th place for the amount of gambling losses per person. These stats show that Finland loses approximately £2.5 billion per year.

  • Some 3% of Finland’s population has experienced some type of gambling problems. As per the study, in 2019 some 1.4% of the country population suffered seriously due to gambling which translates to some 52,000 people. The most recent study is showing a steady decrease of gamblers at risk. Numbers from 2015 show 15% of gamblers at risk, while the numbers from 2019 show a decrease to 11% for both men and women.

  • Finns are some of the biggest fans of casino games in the world, with the majority of adults in the country gambling on a regular basis. Part of this is due to the country’s unique history, with gambling being heavily promoted by the state decades ago as a way to raise funds via taxation to provide for social welfare.

  • In 2019, the approximate player base in Finland is more than 4.3 million active punters—74% of which are engaged in Jokeri/Lotto/Vikinglotto; 37% do Veikkaus lottery; and 36% play slot machines. Online gamblers are in the age bracket of 25-34.

  • Finland is number 5 in the list of largest gambling nations across the globe. Our only conclusion is that Finns really do know how to enjoy themselves. A lot of saunas and a lot of gambling – yes, please!

FAQ

There are no tax implications for winnings from gambling in Finland. However, if your winning comes from wagers made on events run by non-EEA companies, certain taxes might be applied.

The available payment methods depend on the online casino that you choose. Many of them provide options for using e-wallets, credit/debit cards and bank transfers. You can also use Nordea, Euteller or Zimpler at various casino sites – just sign up, go to the cashier and follow the instructions to make a quick deposit.

Sure! There are no restrictions regarding receiving online casino bonuses in Finland. It is best, however, to check with your chosen casino operator which promo deals are at your disposal. The most popular of the bonus offers are deposit bonuses, no deposit bonuses, and free spins bonuses.

There’s Peluuri which offers peer support, self-help tools and tips and ways to control gambling, plus several other major institutions such as Gamblers Anonymous (Gamblers Anonymous-ryhmä), GamCare and GambleAware, to name a few. These are all trusted organisations you can turn to if you feel you have been gambling irresponsibly.

You need to be at least 18 years old to be able to gamble legally at online casinos in Finland.

Yes, you certainly can. Most Finland casinos offer an app or a mobile-responsive website, both bringing you convenience, security and privacy. Just make sure you are connected to a secure and strong Wi-Fi signal.

Most casinos that offer their website in the Finnish language also offer support in Suomi. However, the support in Finnish may not be available 24/7, and also not at every Finland-oriented casino. Check the support times and also consider contacting support in English as an alternative.

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