pelivaltion

Pelivaltion is a Finnish term that translates to "gaming state" or "gambling state" and refers to the state's role in the regulation and operation of gambling activities within Finland. The Finnish government, through its control over pelivaltion, aims to manage the social and economic impacts of gambling. This involves licensing, supervision, and the distribution of revenue generated from gambling.

The primary entity responsible for pelivaltion in Finland is Veikkaus, a state-owned lottery company. Veikkaus holds a monopoly on most forms of gambling in the country, including lotteries, instant games, sports betting, and casino games. This monopoly is established by law and is intended to ensure that gambling is conducted in a responsible manner and that the profits are channeled back into society.

Revenue generated by Veikkaus is allocated to various public interest purposes, such as funding sports, arts, science, and health initiatives. This model of a state-controlled gambling monopoly and the subsequent reinvestment of profits is a key characteristic of the Finnish pelivaltion. The system is designed to prevent the harms associated with unregulated gambling while also providing a source of funding for public good. The state's involvement extends to setting policies and regulations that govern responsible gambling practices, including measures to prevent problem gambling and protect vulnerable individuals.