Switzerland is a landlocked country located in Western-Central Europe. It shares borders with Italy, France, Germany, Austria, and Lichtenstein and is home to the famous Swiss Alps.
The country boasts a population exceeding 8 million people and is considered one of the most developed countries on Earth.
Switzerland also enjoys the highest nominal wealth per adult and is the eighth-highest GDP per capita.
This means that Swiss people generally have a good amount of disposable income to spend on gambling. Swiss gambling laws allow for all kinds of gambling.
There are about 20 casinos operating throughout the country as well as bingo halls, poker rooms, and regional lotteries which include limited sports wagering.
Internet betting, however, is illegal and there are no online gaming sites located here. With that said, Swiss online gambling fans are not penalized for placing bets with foreign online sites.
Authorities are in the process of drafting modernized internet gaming laws that are expected to legalize and regulate the industry.
It is believed that the new Swiss internet gambling laws will be put in place no sooner than 2019.
It is also widely expected that Swiss online gambling licenses will only be issued to applicants that operate legal land-based gambling establishments in Switzerland.
Until these changes occur, Swiss players can feel free to place bets at unlicensed foreign sites without fear of any repercussions.
The most reputable brands in online gaming accept wagers from Swiss players and they also give out some very valuable bonuses.
Top 10 Gambling Sites for Switzerland
What are the Best Gambling Sites and Promotions for Switzerland?
On the surface, Swiss online casino fans might be leery of using gaming sites that aren’t licensed or regulated in Switzerland but they shouldn’t worry. The top-rated internet gambling companies are respected around the globe for treating players fairly, providing a secure environment, and making sure that players are able to get paid promptly.
Swiss online casino players don’t just love the variety of games that are offered at Argo Casino, TitanBet or Nordicbet. They also love the great welcome bonuses. Many Swiss internet gambling gurus are cashing in on the €50 welcome bonuses that BetAtHome is giving away while the €100 casino betting bonuses from OptiBet and Casino King have made many Swiss online bettors quite happy.
These great bonuses aren’t limited to casino gaming. Online poker players, bingo buffs, horse racing fans, and slot jockeys are eligible for these betting bonuses. Simply refer to the promotions section at Gamblingjudge.com to get your bonus today. They are easy to claim and fun to use.
How Regulated is the Swiss Gambling Market?
Online betting in Switzerland is currently considered illegal which means that it is not regulated. Online players are more or less free to place bets with international internet gaming sites without any fear of prosecution. Land-based lotteries and betting are regulated by the Federal Act on Lotteries and Commercial Betting of 1923.
These regulations are enforced by the Lotteries and Betting Board. The Swiss Federal Gaming Board controls Swiss casinos and other brick and mortar gaming facilities under the Federal Act on Games of Chance.
Is Gambling Legal in Switzerland? What is the Legal Gambling Age?
Gambling in Switzerland is legal, licensed, and regulated. The exception is online betting which is illegal under current Swiss gambling laws. Players do not face prosecution for participating in gambling activities at foreign online gaming sites. Authorities are drafting legislation which should allow for the licensing and regulation of international online betting companies within Switzerland.
Does Switzerland Tax Gambling Winnings?
In Switzerland, gambling winnings are not taxed but operators must pay between 40% and 80% in taxes on gross revenues up to 10 million francs. Gross revenues exceeding 10 million francs see the tax rate rise by 1% per million francs.
What Currency and Payment Methods do Swiss Players Generally Use?
The official currency in Switzerland is the Franc and it is accepted throughout the country. Betting in Switzerland is very popular and more gamers are turning to foreign online sites to get their action. The vast majority of international gaming sites accept Swiss players and there are many easy payment options to pick from.
Major credit cards are commonly used and accepted at almost all gaming sites. EWallets such as Neteller, Eco and Skrill as well as prepaid cards like EntroPay, NeoSurf, and Paysafe are also widely accepted payment methods. Other options such as bank transfers also generally work well. It is recommended that you check with your preferred gaming site to see what the easiest method is for you.