I think the public understanding of the vice extends to the activity itself, not the economy that surrounds it. Do you remember the percentage used for the common good?
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I think the public understanding of the vice extends to the activity itself, not the economy that surrounds it. Do you remember the percentage used for the common good?
Their turnover was about three billion euros and their profits were about one billion euro last year. Nearly all of the profits go to the Ministry of Education and Culture and the Ministry of Social Affairs and Health. Some is given to the Ministry of Agriculture and Forestry.
Two billion euros are spent on running the business. The number of employees is nearly 2000.
https://cms.veikkaus.fi/site/binaries/content/assets/dokumentit/vuosikertomus/2019/veikkaus_osavuosikatsaus_q2_2019.pdf
Sounds scammy :D
It would be much more straightforward and less tainted with perverse incentives to straight up tax the money spent by the ministries. When you set up an organization like this, it tries to expand like they all do. What Veikkaus does is try and sell people gambling products. Now government funding is partially dependent on the success of that despite it causing a lot of problems. A number of washout politicians get cushy jobs at the board and management of Veikkaus.
You can regulate private gambling companies just as well like they do in Australia.