AbstractEstimates of regional and global freshwater N2O emissions have remained inaccurate due to scarce data and complexity of the multiple processes driving N2O fluxes the focus predominantly being on summer time measurements from emission hot spots, agricultural streams. Here, we present four‐season data of N2O concentrations in the water columns of randomly selected boreal lakes covering a large variation in latitude, lake type, area, depth, water chemistry, and land use cover. Nitrate was the key driver for N2O dynamics, explaining as much as 78% of the variation of the seasonal mean N2O concentrations across all lakes. Nitrate concentrations varied among seasons being highest in winter and lowest in summer. Of the surface water samples, 71% were oversaturated with N2O relative to the atmosphere. Largest oversaturation was measured in winter and lowest in summer stressing the importance to include full year N2O measurements in annual emission estimates. Including winter data resulted in fourfold annual N2O emission estimates compared to summer only measurements. Nutrient‐rich calcareous and large humic lakes had the highest annual N2O emissions. Our emission estimates for Finnish and boreal lakes are 0.6 and 29 Gg N2O‐N/year, respectively. The global warming potential of N2O from lakes cannot be neglected in the boreal landscape, being 35% of that of diffusive CH4 emission in Finnish lakes.