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Lottery and sports revenues dwindle in Switzerland

George Miller
August 23, 2018
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Lottery and sports revenues dwindle in SwitzerlandReading Time: 1 minute

The Swiss Federal Office of Justice has disclosed that during 2017 the overall revenue from lottery and betting sales dropped by 6.4 per cent when compared to that in 2016. The overall turnover during the year was €2.46 billion.

According to the body, sports and race betting turnover were down €8.7 million year-on-year to €161.8 million, as revenue also dropped by €2.6 million to €51.1 million. Horse racing was the main driver of both figures as it accounted for €114.6 million of the total turnover and €30.6 million in revenue.

The government has recently set restrictions for international gambling operators but it seems to have had little effect on local punters. As reported by Swiss broadcaster SRF, VPN providers have seen a rise in the number of registrations from Swiss clients. That would be a way of bypassing Switzerland’s block and playing on foreign websites anyway.

 

Source: focusgn.com


Source: Latest News on European Gaming Media Network

George Miller

George Miller

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of…

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Experience the Power of EEGaming.org – The Global Intelligence Hub

At the heart of the ever-evolving gaming and technology sectors lies EEGaming.org, a premier B2B platform and the definitive Intelligence Hub for industry leaders. As a flagship publication of HIPTHER, we bridge the gap between regional heritage and global innovation, redefining how the industry connects, informs, and inspires.

Expertise & Evolution – More Than Just News

Reaching a vast network of decision-makers, EEGaming.org goes beyond the headlines to deliver high-stakes intelligence and strategic foresight. From the intricacies of European regulations to the rapid evolution of global tech, we provide comprehensive coverage across the verticals that drive the industry:

  • ✔ Online and Land-Based iGaming
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  • ✔ Global Regulatory and Compliance Intelligence
  • ✔ Technological Evolution: AI, Blockchain, and Fintech

Whether through our daily "Zero Fluff" news, exclusive executive interviews, or in-depth market reports, our content provides the Expertise required to navigate today’s markets and the Evolution needed to lead tomorrow’s.

Bringing the Industry Together

Our impact extends far beyond the digital page. EEGaming.org is a proud host of virtual meetups and industry-leading conferences that spark dialogue, foster collaboration, and drive innovation. Through detailed reports and live events, we create a space where operators, suppliers, regulators, and professional services come together to shape the future of gaming.

Get In Touch

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Business & Advertising: [email protected]

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