Finnish monopoly operator Veikkaus reported an operating profit of EUR 1.07 billion in 2022. This follows from the company’s recently published report.
The operator indicated land-based business returning to pre-pandemic levels. Throughout the year, all Veikkaus gaming halls and two casinos directly owned by the company remained open for the first time since the beginning of the coronavirus pandemic.
According to the documentation, the company’s gross gaming revenue was 164.6 million euros, an increase of 15.1% compared to the previous year.
Revenues from the most popular game, Veikkaus Lotto, fell 7.9% to €149.8 million. However, Eurojackpot revenues rose 18.9% to €151.1 million thanks to a reform to draw every Tuesday.
Sports betting revenue fell 16.9% to €123.8 million. This decline in revenue was partly due to the mandatory annual loss cap of €15,000 introduced for all customers at the beginning of February. However, from mid-June, players can apply to remove this restriction, thereby reducing the loss of gambling income during the year.
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