G3-247 Report ICELAND
01 The sports betting sector was permitted under legislation in 1972 via the law 59/1972 and the Icelandic Football Pools (Islenskar Getraunar) has the exclusive licence to run sports pools. Today there are various games from sweepstakes with Svenska in Sweden, temporary sweepstakes and multi player games. Islenskar Getraunir (football pools) was Betware’s first client with the first game on the internet launched in 1996.
02 In 1933 the university received a special licence from Parliament to operate a cash prize lottery called Happdraetti Haskolans (
hhi.is). This began a year later and today remains a major source of funding for the construction of new university buildings.
market. Since this time three other lotteries have been established including:
SIBS (The Association of Icelandic Heart and Chest Patients) class lottery in 1949, DAS (the Lotteries of the Retired Seaman’s Home) class lot- tery in 1954 and in 1986 the state lotto was intro- duced.
The state lotto, Islensk Getspa is the Icelandic lot- tery company which is run with the sports betting sector under the merged name of Islenk Getspagetraunir.
Sports betting was permitted back in 1972 by Islensk Getspa and in 1986 they were granted a licence to run Lotto with all profits going to sports and handicapped related organisations. The two companies merged in 2001 are run under one
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umbrella although they are two independent companies.
The company Islensk Getspa Management is made up of representatives from the Icelandic Sports Federation, the Icelandic Federation of the Handicapped and the Icelandic Youth Association.
Funds from these companies are re-distributed for youth, sports and disability projects with 46.67 per cent going to Sports and Olympic Federation, 40 per cent to disabled people and 13.33 per cent to youth projects.
Today the lottery has over 220 sales outlets in the country. Meanwhile lottery tickets can also be bought via telephone, online or via self service terminals. Sales in 2002 amounted to IKR2.2m
There are several games in the line up including Lotto, Viking Lotto, Euro Jackpot and sports bet- ting. Viking Lotto is operated in collaboration with number lottery organisations in other Scandinavian countries.
The sports betting sector was permitted under legislation in 1972 via the law 59/1972 and the Icelandic Football Pools (Islenskar Getraunar) has the exclusive licence to run sports pools. Today there are various games from sweepstakes with Svenska in Sweden, temporary sweepstakes and multi player games. Islenskar Getraunir (football pools) was Betware’s first client with the first game on the internet launched in 1996.
All winnings from the university lottery are tax free. Winning
percentages range from 50 per cent for some scratch ticket games to 90 per cent for VLTs.
Meanwhile The University of Iceland is today a public research university in Reykjavik and is the country’s largest and oldest institution of higher education. It was founded in 1911 and has grown from a small civil servants school to a modern comprehensive university with the capacity for around 14,000 students. It was formed after three former post secondary institutions united together.
In 1933 the university received a special licence from Parliament to operate a cash prize lottery called Happdraetti Haskolans (
hhi.is). This began a year later and today remains a major source of funding for the construction of new university buildings.
In 1973 the Law of the University of Iceland Lottery was introduced which said the profit from the lot- tery should be spent on building the university campus and maintaining the buildings and for research and the laboratories set ups.
The idea came from Jonas Jonsson of the Ministry of Culture. The University of Iceland Lottery (HHI) is wholly owned by the council and today operates
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