Profits distributed to Finns

EUR 463 million to be enjoyed by all Finns

Big or small, individual or institution, near or far. Veikkaus’ operations bring enjoyment to all Finns. Every one of us is a winner through the activities of sports facilities, cinemas, theatres, scouts and much more. Many unforgettable experiences would be lost without the accurate and planned distribution of all the euros lost on Veikkaus games.

In 2010, the Ministry of Education and Culture distributed a record-breaking total of EUR 462.7 million, an average of EUR 9 million per week. Veikkaus’ good result significantly increased beneficiaries’ allocations. The Ministry also distributed EUR 30 million in undistributed prize funds from previous years, in particular to projects promoting employment for young people.

Veikkaus’ proceeds are the primary source of the Ministry of Education and Culture’s funding for sport (99%) and youth work (74%). Veikkaus funds account for about 54% of total funding for the arts and 29% for science.

Share of Veikkaus funds of all funds allocated by the Ministry of Education and Culture in 2010

Sector

Funds total EUR million

Share of Veikkaus funds in %
Arts 386.7

54.2 %
Sports
 137.8

98.7 %
Science 325.6

29.4 %
Youth work
 69.4

74.0 %

Veikkaus funds are distributed to Finnish culture in accordance with the Funds Distribution Act laid down by the Parliament of Finland. According to the act, 38.5 percent of the funds are allocated to arts, 25 percent to sports, 17.5 percent to science and 9 percent to youth work. Further, ten percent of the funds are channelled each year to the above-mentioned beneficiaries as separately specified in the State Budget.

Beneficiary sectors’ shares of Veikkaus funds distributed by the Ministry of Education and Culture 2007–2010

EUR million
 2010 %
2009
 2008 2007
Arts 1)
 197.9 42.8%
 204.7 189.2 184.8
Sports
 128.5 27.8%
 124.4 104.1 100.2
Science 90.0 19.4%
 86.6 77.1 76.6
Youth work
 46.3 10.0%
 44.8 37.5 36.1
Total 462.7 4)
 100.0%
 460.5 3)
 407.9 397.7 2)

1) Up until 2009, arts funding includes the Ministry of Education and Culture’s allocation to libraries. From 2010, State library funding is no longer included in these figures.
2) In 2007, the Ministry of Education and Culture distributed an additional EUR 4.2 million of Veikkaus’ retained funds.
3) In 2009, the Ministry of Education and Culture distributed EUR 17.0 million in undistributed prize funds.
4) In 2010, the Ministry of Education and Culture distributed EUR 30.0 million in undistributed prize funds to projects promoting youth employment in particular. Arts and culture received EUR 11.6 million of this sum, sports EUR 7.5 million, science EUR 5.8 million and youth work EUR 5.1 million.