In 2022, the total revenue generated by Veikkaus for the state was
Veikkaus directed its development investments primarily towards its digital channel, where games developed by Veikkaus’ in-house gaming studio contributed substantially to the gross gaming revenue generated by the company's online casino, eArpa service, and other offerings.
Veikkaus kertoo liikevaihdokseen noin 13 miljardia euroa, kun lasketaan uudelleen pelatut voitot. Maksetuilla voitoilla vähennetty liikevaihto on noin kolme miljardia euroa.
Despite the growth in revenue, the Veikkaus Group reported a profit of EUR 311.9 million, a decrease of 5.7% from the previous year. This decline was attributed to increased total costs, including the lottery tax and development expenses. The lottery tax, in particular, saw an increase from the previous year's 3.4% to 5% this year, leading to a payment of EUR 25.9 million in the January-June period.
Regulatory changes cause Finlands Veikkaus revenue decline
The actual revenues of Veikkaus Group’s business in 2022 was 1,070.8 million. Parent company revenue from gaming operations for the 2022 fiscal year, i.e. gaming margin, was 1,070.6 million. euro (-2.7% compared to 2021).
Finland’s state-owned gaming operator Veikkaus has reported a 3 per cent fall in gross gaming revenue (GGR) to €1.07bn in 2022
In the report, Veikkaus celebrated progress in ID verification, revealing that 90.6% of domestic gambling revenue is now from authenticated gambling. Additionally, the company reported an 8% increase in registered customers to 2.5 million.
The gross gaming revenue from Veikkausâ most popular games Lotto and Eurojackpot dropped from the previous year due to jackpot levels that were lower than those of 2020. Lottoâs gross gaming revenue was EUR 162.7 million (-6.0%) and Eurojackpotâs EUR 127.1 million (-7.2%).
Veikkauss Profile, Revenue and Employees
Finland’s state-owned gaming operator Veikkaus has reported a 3.5 per cent drop in revenue to €1.03 billion in 2023
Veikkaus data shows 7% of players bring in 50% of revenue
Net profit at Veikkaus remained level at €330.2m (£283.1m/$390.6m) for the first half of its 2021 financial year despite the Finnish state-owned operator reporting a 13.2% year-on-year decline in revenue.
Veikkaus hails digital growth as ID checks hit revenue
Veikkaus saw its sales revenue fall by 6.8 per cent in the first half of the year with profit down by over 20 per cent.
Veikkaus profit steady in first half despite 13.2% revenue decline
Finland.- The state-controlled gambling monopoly operator Veikkaus has reported a sharp drop in revenue and profit for the first half of 2024. Sales were down by 6.8 per cent to €483.8m and gross gaming revenue (GGR) was down by 21 per cent. Operating profit fell by 20.4 per cent to €246.9m, and overall profit by 19.1 per cent to €252.3m.
Veikkaus full-year online revenues hit €300 million
The pandemic hit the slot machines hardest, as they lost 67.1 percent of their gross gaming revenue (EUR 45.4 million) as compared with the respective period last year. Due to various measures resulting from the pandemic, the slot machines were closed for a total of about four months during the period under review, depending on the level of the epidemic in the different areas. The gaming arcades and slot machines that had been kept closed were reopened at the end of the spring, and ca. 600 members of Veikkausâ staff who had been laid off got to return to their workplaces.
Veikkaus Shows Good H1 Digital and Revenue Growth
Veikkaus said revenue was impacted by the introduction of mandatory ID verification for ticket-based game sales last year and a similar requirement for scratchcard purchases this year. It added that investment in its future amid plans to impacted on profit.
Veikkaus Data Shows 7% of Players Bring in 50% of Revenue
Slotmill is excited to announce that Finland’s state-owned gaming operator Veikkaus has initiated the roll-out of the Slotmill game portfolio. Veikkaus is the largest – and only – licensed gambling operator in Finland (offline and online) with revenues of EUR 1,03 Bn in 2023.
Veikkaus revenue dips to €1.07bn in 2022
The gross gaming revenue from Veikkaus’ most popular game Lotto, EUR 74.2 million fell by 14.8% in the period from January to June as compared with the respective period last year. The fall was due to smaller jackpots than during the respective period last year and, e.g., the changes in consumer behaviour associated with general insecurity. Eurojackpot’s gross gaming revenue EUR 64.7 million remained at the same level as in the respective period in 2021 (0.0%). The ten-year-old Eurojackpot was overhauled in March 2022, with a new Tuesday Draw introduced besides the previous Friday Draw, and the maximum jackpot was raised to EUR 120 million. The gross gaming revenue was affected most by the introduction of the additional draw and the changes in consumer behaviour.
Veikkaus sees gross gambling revenue fall by 21 per cent in H1
Veikkaus games are estimated to generate nearly one billion euros a year. The revenue is used for the benefit of Finnish society. Veikkaus’ beneficiaries are active in the fields of culture, sports, science, youth work, social welfare and health, and the equine industry.