Veikkaus Touts Loss Limits for "All-Time Low" Problem Gambling

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Finland's gaming monopoly Veikkaus this week touted that problem gambling in the country is at an all-time low after it introduced loss limits on slot machines.

The company claimed that slot revenue is projected to drop by more than 80%, but that reducing monthly loss limits on the machines to €500 has had a positive societal impact, as problem betting levels are at their lowest reported levels ever. The restrictions initially were for online games but were extended to physical slot machines in August of this year.

The data released by Veikkaus indicated that up to 100,000 punters stopped gambling from September to October when they hit their limits. 80% of those stoppages had a self-imposed loss limit of less than €200.

Veikkaus said that use of ID for slots reached 80% during the year, and that they will be made mandatory in 2023.

Commenting on the change Veikkaus' Lauri Halkola said, "Ever since the compulsory loss limits were introduced, gambling has fallen significantly in the groups of both men and women, and in all age groups, and the differences between gambling rates have evened out.

"The most drastic drops have occurred in the groups playing the most and in the oldest age groups."

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.