Legal online gambling could bring $22 million to Switzerland

The Swiss government announced it is considering licensing Internet gambling sites. Switzerland, like any other country, is anxious about unregulated, growing in popularity online casinos, which pay no taxes and can represent potential dangers to consumers, reports OnlineCasinoAdvisory. 

Swiss authorities are likely to implement such measures as licensing of a number of online gaming sites, while cracking down on the black market operators that persist in doing business with Swiss citizens. The Swiss Ministry of Justice says it will craft a proposal licensing legal online gambling sites.

According to economists prediction proper regulation of Internet gambling could bring in approximately $22 million for the country every year.

Swiss lawmakers say about their willingness to continue to keep gambling using telephones or interactive television illegal. Online lotteries and Internet sports betting are already legal in Switzerland.

Source: OnlineCasinoAdvisory