Switzerland to Implement New Gambling Laws on January 1st

This story was published more than 1 year ago.

This week the Swiss Federal announced that they're enforcing the new gambling law, which will allow for online betting in the country of 8.4 million people.

The law will take effect on January 1st, 2019, and will give current land casinos the opportunity to apply for online licenses for six months. Beginning in July, the country's gaming regulator will get the ability to begin blocking offshore sites that are unlicensed. The measure appears to be popular in Switzerland, with 72.9% of voters back the law.

Other provisions in the gambling law would be a maximum buy-in of 200 Swiss Francs, with a maximum prize pool of 20,000 Francs. Raffle laws have seen their prizes increased to 50,000 Francs, and regional lotteries set to go to 500,000 Francs.

No comment from lawmakers was available as of press time.

About the author

Therese Williams // UK Correspondent
Therese Williams
Therese is a fervent fan of slot machines and pub fruities, often trying her luck at some of the top online casinos. She covers news for Casino Listings with a focus on the UK and Europe. Therese studied arts and creative writing at university and has written for newspapers in the UK.
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bgsharpe
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13 November 2018 - 9:40pm
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I didn't even knew that the online sportsbetting wasn't allowed so far in Switzerland and obviously the state have allowed over the years a lot of funds to leave the country into the direction of those offshore unlicensed operators...not any more I guess. ..they took the right decision I think.