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Veikkaus online gambling loss limits become permanent

| By Robert Fletcher
Finnish gambling monopoly Veikkaus has confirmed that temporary online gambling loss limits that were put in place at the start of the novel coronavirus (Covid-19) pandemic will become permanent, after the country’s government passed a decree approving the rules.
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The government in May last year issued a decree significantly reducing monthly and weekly loss limits for online casino offered by Veikkaus on a temporary basis during Covid-19.

However, the measures have remained throughout the pandemic, with the rules having been extended several times, the most recent being until 30 June.

The government has now confirmed that the loss limits will become permanent. 

Players will only be able to lose maximum of €500 (£429/$596) each day while playing online casino games with Veikkaus. The limit was previously set at €1,000 per day.

A monthly loss limit of €2,000 for online casinos games will also remain in place, as set out by the new decree.

“The reduced maximum loss limit has been in use for a year,” Finland’s Minister of the Interior Maria Ohisalo said. “Loss limits are a good way to prevent gambling harm. 

“In addition to gambling problems, lowering the loss limit will combat over-indebtedness and livelihood problems, and I am pleased that the daily loss limit will be permanently reduced from €1,000 to €500.”

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