Online Gambling in Switzerland

● Overview of Online Gambling
● The Future of Gambling in Switzerland
● Gambling legalization in Switzerland

Overview of Online Gambling

The landlocked Swiss Confederation is best known for skiing, chocolate, neutrality and a rather secretive banking system. Despite the country’s reputation for being an international tax haven, Switzerland enjoys a low unemployment rate of 3% and is even considering enforcing a maximum pay gap of 12:1 between the highest paid worker in a company and the lowest. Yet for all the wealth invested in the country, the national gambling industry is only just finding its legs – particularly online.

Swiss players seeking a list of the best Switzerland gambling sites need to look no further. We’ve created this page to help residents of Switzerland by locating the top online gambling sites where they can get the most value and best overall gambling experience.

Nevertheless casino and gambling operations in Switzerland are rapidly gaining popularity, the same does not imply to online gambling. Web-based casino gaming operations is not allowed by the Swiss Government up to date. However, there is absolutely no piece of legislation in order to enforce the prohibition.

This is the reason why online gambling operations are still carried out. Millions of euros are spent on Internet gambling on an annual basis by the local citizens.

The Future of Gambling in Switzerland

The various modes of gambling have proven very profitable for the Swiss government, especially through the taxes on casinos. Yet despite the money charitably reinvested by the non-profit lottery companies, some are concerned by the health issues that have been created by gambling’s increasing popularity in the country. However, with the inevitable legalisation of online gambling creeping ever closer, it seems the Swiss government will continue to ride the money train that the industry is driving towards an even more lucrative future.

The Swiss online betting environment is evolving fast and one of the most important developments has to do with the forthcoming introduction of a new Gambling Agreement which is currently awaiting ratification by the cantons. That Agreement is due to come into force on the 1st of July 2020 at the earliest and it will establish a new regulatory body, the Intercantonal Gambling Authority (GESPA), which will replace Comlot. Hopefully, the new authority will reconsider the licensing system and put an end to the state monopoly.

Gambling legalization in Switzerland

Only legal entities are granted with casino licenses under public law. Up to date, licenses can be issued to co-operatives organized in accordance with the local law in case that their members have primarily resided in Switzerland. Licenses are also granted only if the applicant has enough capital, as well as good reputation and is able to provide guarantees for a proper business.

When it comes to issuing a lottery license, 토토사이트 such permissions may only be granted to corporations and public-law institutions, associations of individuals and foundations. All such lottery providers are required to have their primary address on the territory of the country.

The new legislation is creating a unique situation in Switzerland. To reduce the potential harm for gamblers that is associated with new forms of gambling, the legislation should be standardized and continuously optimized. These new measures require evaluation and government control.

Such licences are only granted in case that the application is backed by the appropriate canton and local community, and if some evidence for the economic benefit of planned casino facility for the region is proved by the applicant.

Games of chance will be strictly limited by law to special resorts like casinos and amusement arcades. Every person or legal entity wanting to run a gambling enterprise must apply for a concession from the federal government. The newly formed Federal Swiss Casino Commission note 4 will review the applications and make recommendations to the federal government.