Currently, online gambling is illegal in Switzerland. However, lawmakers are presently mulling over the idea of making online gaming legal in the country, as a new bill to regulate and legalize online gambling was recently submitted to the Swiss parliament.
If passed, the bill would allow the country’s 21 land-based casinos to offer gaming online. The hope is that such reforms will help to improve the country’s casino industry, which has dropped 30% in revenues since 2007, according to a report from thelocal.ch.
That being said, it’s clear that the government isn’t fully sold on the idea of legalizing online gaming, as earlier this year it reprimanded several sites, including bwin.party, for using Swiss imagery to market their brand to Swiss consumers.
Nonetheless, in spite of such reprimands and even though online gambling is illegal in Switzerland, this hasn’t stopped Swiss residents from engaging in offshore online gambling. However, if Switzerland legalized iGaming, these online gamblers who are pouring unquantifiable Swiss francs into outside markets may begin pouring their money into their own country’s market, instead.