Finland Lotto Review
Finland is a country that has a long history with organizing lotteries. In other words, people living on the Scandinavian Peninsula have had decades to practice and win some spectacular jackpots. Luckily, we live in a digitalized, globalized world. As a result, local perks have now become widely available across the globe.
Because of these digital perks, it’s now possible to test the attractiveness of Finland’s Lotto. Is this game worth a try? How do you play? What can you expect? So many questions, so little time to find the answer! Relax, sit down and sip on your coffee (or tea… or any other beverage that you want to enjoy). We’ve done all of the hard work for you.
A Brief History of Finland Lotto
The first lotteries in Finland were organized in the 1940s. The Finnish government has ever since licensed all of the games and regulated the way in which people play and get to win prizes.
Finland Lotto is also known as Veikkaus Lotto. It was launched in 1971 and the first drawing took place in January of the year. Over time, Veikkaus Lotto became the most popular one in Finland, regardless of the fact that residents of the country can choose among more than 20 games.
It’s interesting to point out that the game format has remained unchanged ever since the inception of the game. This format makes Veikkaus Lotto quite different from other national lotteries and it also enhances the odds of winning.
Is Finland Lotto a Scam?
Finland Lotto is a completely legitimate opportunity to win some cash. The good news is that there aren’t many scams using its name. Scammers are much interested in going after people who want to test larger games like Euromillions and Powerball.
More information about the game and the history of the operator is available on the official website.
The national operator that organizes Finland Lotto is also responsible for an array of other popular games in the country. These include Keno, Jokeri, Lomatonni, EuroJackpot, eBingo, Vakio, Viking Lotto and various others.
Veikkaus is a company that dedicates some of the funds generated through ticket purchases to sponsoring good causes in Finland. Some of the money will be dedicated to initiatives in the field of art, science, youth and sports. The Ministry of Education and Ministry of Culture are actively involved in the process. In other words, you have no reason to worry when buying your Finland Lotto tickets. The opportunity is completely legitimate.
How to Play Finland Lotto?
We’ve already hinted at the interesting format, and it’s time to elaborate. Finland Lotto is a 7 out of 39 game. To play, you’ll simply have to make your pick of 7 from the available pool. A single line is going to cost you 1 euro (if you live and you buy tickets in Finland).
When buying Finland Lotto tickets, players can also enter Joker for an additional opportunity to win some cash.
Apart from the standard ticket buying option, you can opt for the available Double. Playing Finland Lotto Double will cost you an additional 0.25 euro. This opportunity applies to a chance to double the amount you’ve earned through a standard entry.
Prizes and Odds of Winning
Veikkaus Lotto comes with a minimum guaranteed jackpot of 700,000 euro. Match all 7 of the numbers for the respective drawing and you’ll become at least this much richer. If there’s no winner for the drawing, the sum will roll over towards the next one. This is how Finland Lotto has managed to reach some pretty impressive jackpots over the years.
The biggest jackpot won in the history of Finland Lotto was 5.7 million euro. A single family matched all of the numbers in 2004 and it was the only winner of the impressive sum. The second biggest amount ever was 5.3 million euro won in 2008. Ever since its inception, Finland Lotto has produced over 270 new millionaires.
|Divisions||Numbers Matched||Winning Odds|
|1 Prize||7||1 in 15,380,937|
|2 Prize||6 + 1||1 in 1,098,638|
|3 Prize||6||1 in 73,242|
|4 Prize||5||1 in 1,477|
|5 Prize||4||1 in 89|
The odds of winning the jackpot are 1 in 15.38 million – much more favorable than what other national and international lotteries feature.
Matching 6 numbers will grant the second prize tier to all of the lucky ticket owners. The usual approximate size of the second prize tier is 50,000 euro and the odds of winning this amount are 1 in 1,098,638. The third prize tier features an approximate sum of 2,000 euro and odds of 1 in 73,242. There’s also a 50 euro prize with odds of 1 in 1,477 and a 10 euro prize with odds of 1 in 89.
Useful Tips for the Winners
According to reports, nearly 70 percent of the Finnish population plays Veikkaus Lotto. This is the main reason why the procedures for the winners have been simplified to the maximum.
One of the first great characteristics of Veikkaus Lotto is that all of the prizes are paid in the form of a lump sum, including the jackpot. All of the players have one year from the date of the drawing to make a claim. Prizes that are lower than 1,000 euro can be requested from any licensed retailer. Larger amounts will necessitate proof of identity and a claim submitted in the Veikkaus headquarters.
Prizes that exceed 20,000 euro are paid within a three week period, according to the official Veikkaus regulations.
Here’s the second piece of good news – lottery prizes in Finland are free from taxation. There could be some exceptions, but the general rule applies to the overwhelming majority of cases. If you’re an international player, you may want to check for taxes in your own country. The fact that you’ve won an international prize doesn’t imply you’ll be free from taxation in your own country.
Can You Buy Finland Lotto Tickets Online?
Veikkaus Lotto is one of the opportunity open to lottery enthusiasts from all parts of the globe.
Tickets for Finland Lotto can be bought online from a reputable lottery agent website. These websites have local representatives responsible for buying tickets on behalf of the clients. If you win through such a platform, the amount will be deposited in your account. A jackpot claim will have to be made personally.
The Bottom Line at Finland Lotto
Veikkaus Lotto has several features that make it a great lottery. Let’s repeat once again, everything that is good about the game and everything that makes it worth a try:
A reputable national lottery that is open to international players
It’s available in an intriguing 7 out of 39 format
There’s a minimum guaranteed jackpot of 700,000 euro
The jackpot rolls over in case of no winner
The odds of winning the jackpot are really good in comparison to what other national lotteries have to offer
There’s a doubling feature that increases the sizes of prices
The jackpot is paid in the form of a tax-free lump sum
The ticket price is low
This all sounds great. Is there anything that makes Veikkaus Lotto less lucrative? The shortcomings are just a few:
The lower prize tiers aren’t that impressive
The overall odds of winning any prize aren’t that high in comparison to what other national lotteries have to offer
If you’re an international player, you will be subjected to local taxes
Veikkaus Lotto is a lot of fun and you can buy your tickets effortlessly online, regardless of the part of the world that you inhabit. You should definitely give Finland’s most popular lottery a try. Who knows, it may become your next favorite and it may give you the long-awaited chance to win.