Switzerland’s regulated gambling sector recorded a decline in 2025, with total turnover slipping below CHF4 billion for the first time in several years as growth in online gaming slowed and several key gambling segments reported weaker results.
According to new figures published by the Swiss Gambling Supervisory Authority (Gespa), total turnover from lotteries and sports betting reached CHF3.87 billion during 2025, representing a 2.4% decrease from the previous year. Gross gaming revenue, or the amount retained by operators after player winnings are paid out, also declined, falling 3.7% year-on-year to CHF1.203 billion.
The downturn marks a notable shift for the Swiss market, which had enjoyed a period of steady expansion following the introduction of the country’s modern gambling framework in 2019. While online gambling continues to account for a growing share of the sector, the pace of growth has moderated, contributing to the overall decline in market performance.
Gespa’s report indicated that most major gambling categories experienced lower activity during the year. Lottery products, sports betting and other regulated gambling offerings all faced pressure as consumer spending patterns softened. The decrease in gross gaming revenue was slightly steeper than the fall in turnover, suggesting operators retained a smaller proportion of wagers than in the previous year.
Despite the annual decline, Switzerland remains one of Europe’s most tightly regulated gambling markets. The country’s framework allows only licensed domestic operators to offer online gambling services, while regulators continue to block access to unlicensed offshore platforms. Oversight of lotteries and sports betting is handled by Gespa, while casino operations fall under separate federal supervision.
The latest figures suggest that while Switzerland’s gambling industry remains stable overall, operators may face a more challenging environment in the coming years as market growth slows and competition for player spending intensifies. Regulators are expected to continue monitoring market trends closely, particularly as online gambling matures and responsible gambling measures remain a key focus across the sector.