Back in 2010, Veikkaus provided the Ministry with approximately half a billion Eurosto be shared with other national organizations. Following the decision to start offering the national lottery, Veikkaus gained increasing popularity among local citizens, with approximately 70% of the Finnish peopletaking part in these services.įor the time being, it is the Ministry of Education which allocates the proceedsgenerated from the state-owned company and distributes them to various art and science projects, as well as to amateur sports. The company, which is currently operated by the Ministry of Education of Finland, was established in 1940 as a result of the joined efforts of the Finnish Workers’ Sports Federationand the Football Association of Finland. According to information released by the company itself, Veikkaus has about 2 million regular customers, while approximately 400,000 people use its services every week. Veikkaus is currently fully-owned by the country’s Government, which has allowed to impose a legal monopoly on the Finnish lotteries and sports bettingoperations. The Finnish national betting agency, Veikkaus Oy, eliminated a total of 129 jobs after co-determination negotiationswere brought to an end at the beginning of the week.
