Gambling in Switzerland: online great, offline bad?

According to the recently published sales figures for 2023, online casinos in Switzerland were able to enjoy a significant increase in sales. Land-based casinos, on the other hand, had to accept a decline in sales. But will this trend continue in the coming years, so that land-based casinos could even face extinction in the long term?

A good year ago, an article published on Casinova.org reported that Swiss casinos are increasingly focusing on the online trend. Now that the Swiss Casino Association has published its business figures for the past year a few days ago, it is clear that the online trend is already unstoppable. Land-based casinos are increasingly losing out and are having to accept declining sales.

Online casinos in Switzerland with double-digit growth

The ten licensed online casinos in Switzerland alone were able to generate gross gaming revenue of CHF 286 million in 2023. Compared to the previous year, this represents an impressive increase of 14.3%.

The land-based casinos in Switzerland achieved gross gaming revenue of around CHF 623 million in the same period. However, a comparison with the previous year shows that a slight decline in sales of 1.1% had to be absorbed.

There are currently around 250 gaming tables with roulette, blackjack and poker in the 21 land-based casinos in Switzerland. In addition, there are more than 4,500 slot machines in the local casinos, which account for over 80% of gross gaming revenue. In total, more than 4.5 million guests from home and abroad visited the land-based casinos in the Swiss Confederation in 2023.

Offline casinos still generate more than twice as much gross gaming revenue as online casinos in the country. However, it must be taken into account that only the ten licensed online casinos are included in this analysis. It must be expected that significantly higher gross gaming revenue will be generated on the “black market”, so that the bottom line is that sales will probably be higher online than offline as early as 2023. An article published in March dealt with the poor player protection in Casino Baden’s online offering and the sanctions associated with it.

It is therefore obvious that online business will have a lasting impact on the gambling industry in Switzerland. Just a few weeks ago we reported that a Swiss citizen had to pay a fine for playing on his own slot machines.

Conclusion

Of course, land-based casinos are by no means threatened with extinction. Last year alone, over 4.5 million guests visited the 21 land-based casinos in Switzerland. However, the current gross gaming revenue shows that the online trend is not stopping at the gambling sector. Consequently, it can be assumed that sales in online casinos in Switzerland will increase significantly again this year.

About Kevin Rendel 113 Articles
I'm Kevin Rendel and I'm testing online casinos for you. As a journalist and gambler I have been working in the iGaming sector for many years. Before that I published books and produced content for websites. At Casinova.org I am responsible for the English and German language content of the casino guide. In the online casino I know exactly what is important. I do not hesitate to call myself a real expert and I assure you, gamblers can rely on me and my experience!

Be the first to comment

Leave a Reply

Your email address will not be published.


*