Norsk Tipping Collects $23.7m for Good Causes
LISTEN TO THIS ARTICLE:Norway state-owned gambling operator Norsk Tipping has raised NOK253m ($23.7m) from January to April for good causes. Representing approximately a NOK8m increase in money collected compared to the same period in 2022.
The funding is part of the operator's Grassroots Share initiative, which dedicates 7% of its customers' bets to good causes chosen by the player. Although all profits generated by Norsk Tipping are earmarked for social welfare developments, only Grassroots Share allows customers to actively vote on the organizations that should benefit from the funds.
The operator provides three payments yearly, on January 1, May 1, and September 1, and publishes information about the program's recipients.
So far, the local Association for the Relocation of Animals has been the highest beneficiary of the program, having received NOK1.39m ($130,000). Vålerenga Fotball is next with NOK1.2m ($113,000). The Children's Cancer Association Oslo and Akershus follows with NOK1.09m ($102,000).
Furthermore, the operator reported that the categories that have historically received the most support from Norsk Tipping customers are sports, recreation and culture, and art.
Currently, Norsk Tipping and Norsk Rikstoto are the only local companies allowed to offer gambling and sports betting services to Norwegian citizens. Last month, the country announced its plans to use DNS blocking to ban offshore gambling sites from offering their services to local customers.
According to the current Minister of Culture, Anette Trettebergstuen, the measure, if approved, will be implemented on January 1, 2024.
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