Switzerland, the home of the affluent, has some of the best mountains for skiing, snowboarding and mountain climbing among others. Nevertheless, apart from the winter sports which are quite famous for in Switzerland, it has a properly organized and developed framework for gambling, including Switzerland bookmakers and Switzerland sports betting. This paper looks at the legal framework for these activities, the changes that have taken place and the effects on the Swiss gambling environment.
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Table of Contents
Summary of Key Events
Background of Gambling Laws in Switzerland
A Timeline of Key Developments:
- 1923: To this end, lotteries were legalised with the coming into force of the Act on Lotteries and Commercial Betting.
- 1993: It was partially legalize in which limited stakes casino gambling was allowed.
- 1998: The Federal Act on Games of Chance and Casinos provided an amendment of the Swiss Constitution where the aspect of casinos was legalized.
- 2000: Gambling was fully re-legalised and the industry expanded at an incredible rate shortly afterwards.
- 2018: Money Gaming Act was enforced along with Federal Gaming Ordinance as well as Federal Casino Ordinance on 1st January 2019.
- 2022: Federal Council decisions stipulated that the granting of new gambling licenses will start from the 1 st of January, 2025.
Swiss Bookmakers and the Applicable Legal Standards
Key Authorities:
- Gespa: This body issues and regulates licenses and large-scale operations which include lotteries, sports betting, and other skill-based games.
- Federal Gaming Commission (ESBK): Supervises the casino games under the Money Gaming Act.
- Cantonal Authorities: Regulate small scale gaming activities such as raffles and small poker games other than those situated in casinos.
Licensing:
The Swiss Federal Gaming Board (SFGB) is the licensing authority for gambling. There are two main types:
- Lottery License: According to the Federal Act on Lotteries and Commercial Betting which is under the regulation of the Intercantonal Lotteries and Betting Board (Comlot).
Casino Licenses: Two are available:
- Type A (Grand Casinos): The table minimums, maximums, or gaming machine limits have no restrictions; Progressive jackpot games are allowed.
- Type B (Spa/Resort Casinos): Only three tables allowed and the maximum bet should be CHF 25; no progressive jackpot allowed.
Gambling Taxes:
- Land-Based Gambling: A 40% tax rate for the first CHF 10 million of GGR per year, then rising by 0. 5% for every additional million, however, the maximum taxes that can be charged is 80%.
- Online Gambling: With regard to GGR, 20% tax is applied up to CHF 3 million per year, and then the rate increases by 0. 5% on every additional million up to a maximum of 8%.
Player Tax:
While the winnings that are realized from gambling in Switzerland from land-based casinos are not liable to taxes.
Recent Developments:
On April 27, 2022, the Federal Council adopted the structure of 23 regions for new licenses starting from January 1, 2025. An “A” license will need a location that can produce more than CHF 30 million in GGR per year while a “B” license will need CHF 10 million GGR per year.
Key Regulations of Switzerland Bookmakers
Federal and Cantonal Levels:
Federal: The specific legislation is the Money Gaming Act together with the Federal Gaming Ordinance and the Federal Casino Ordinance.
Cantonal: Inter-cantonal concordats govern the aspects that are not provided for by the federal laws. Notable agreements include:
- Cross-Switzerland Money-Gambling Concordat (GSK)
- Inter-cantonal Agreement on the Coordination of Money Games of 2020.
- Romand convention on gambling for French-speaking cantons.
Anti-Money Laundering:
- Federal Anti-Money Laundering Act (1997): Effective from 1st April 1998 up to the present.
- Money Laundering Ordinance (2018): Relations of the Federal Gaming Board, effective from January 1, 2018.
Legal and Prohibited Bets:
- Legal: Online lotteries, online sports betting and online skill games are regulated by Gespa and this means that they need permits from Gespa. There are only two registered companies that are allowed to conduct lotteries and sports betting and these are Swisslos and Lotterie Romande.
- Prohibited: Thus, betting that does not fall under the scope of a sports bet is allowed as long as it is a casino game and has not more than 1000 participants and a Swiss casino license.
Switzerland Sports Regulation and Honor
Sports Betting:
Sports betting is legal and the only two organizations that are allowed to offer sports betting are Swisslos and Lotterie Romande. Even though the regulation is rather high, the citizens of Switzerland show a great interest in sports betting, primarily, in football, skiing, hockey, and tennis.
The Sporting Event Milestones of Switzerland.
- FIFA world cup champion of the year 1954 was Switzerland.
- Roger Federer a Swiss tennis player has 20 Grand Slam titles to his name.
- Switzrland has been the place of conduct of 1954 FIFA World Cup and the Euro 2008 together with Austria.
- Switzerland’s national football team is affiliated to FIFA and has done fairly well in the international tournaments.
- Swiss athletes have been doing very well in Winter Olympics and other related international winter sports competitions.
Conclusion
The proper and highly controlled system of gambling in Switzerland creates a favorable and balanced environment for Switzerland bookmakers and Switzerland sports betting. Knowing these laws and regulations is essential to anyone who wants to discuss the Swiss gambling industry.
FAQ of Switzerland Bookmakers
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