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Switzerland’s casino market generated CHF878.5 million ($1.08 billion) in gross gaming revenue in 2025, down 2.1% from CHF898 million ($1.10 billion) a year earlier, according to the Swiss Federal Casino Commission (ESBK).
The ESBK report, published last week, covered the first year of a new concession cycle running to 2044. By year-end, Switzerland had 20 land-based casinos and nine online operators. The Swiss Federal Council had granted new agreements to all casinos for the 2025 year in 2024.
Land-based casino revenue fell 3.9% to CHF564.9 million ($694.8 million), while online revenue rose 1.2% to CHF313.6 million ($385.7 million). The figures came as separate data from Gespa, the Swiss Gambling Supervisory Authority, showed lottery and sports betting turnover fell 2.4% to CHF3.87 billion ($4.76 billion), with gross player yield down 3.7% to CHF1.203 billion ($1.48 billion).
Several license and operating changes took place during the year. Casino St. Moritz closed in April because of financial difficulties, and the ESBK revoked its concession in August. The license is not expected to be re-tendered before a federal review in 2028.
Casino Schaffhausen closed permanently in October after 23 years, with its staff and assets absorbed by Casino Winterthur. Casino Davos temporarily closed to relocate and reopened on December 15 after a regulatory inspection.
In online gambling, Mendrisio launched operations in July 2025. Casino Basel and Casino Montreux withdrew from the online market after determining the business was not financially sustainable, leading to the revocation of their license extensions. Prilly received until October 31, 2026, to begin operations because of unforeseen building remediation requirements.
The federal casino levy totaled CHF263.1 million ($323.6 million), down 2.1%. The federal government received CHF219.99 million ($270.6 million), while cantonal authorities received CHF43.08 million ($53.0 million).
The ESBK’s operating budget was CHF10.7 million ($13.2 million), with fees and fines covering CHF9.36 million ($11.5 million) and the federal treasury providing CHF1.35 million ($1.7 million).
Player-protection measures also remained under review. Registrations in the national exclusion register, Spielsperre, continued to rise annually after the 2019 gambling law reforms.
From Jan. 7, 2025, Switzerland and Liechtenstein began automatically recognizing each other’s exclusion orders. However, the ESBK said outdated or insufficient register data may require changes to the federal money-games law or its ordinance.
The commission also reported a “strong” rise in illegal online gambling in 2025. Enforcement included 580 domain blocks against unauthorized gambling websites and 105 new investigative cases..