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Luxembourg is a landlocked country located in central Europe. When it comes to gambling, the Luxembourg government has mixed opinions about this entertainment industry, and gambling is still strictly regulated in the Grand Duchy of Luxembourg.
Gambling activities like the lottery, sports betting, gambling, slot machines, or poker are all monitored under certain conditions set forth in Luxembourg law, in particular the Gambling Law. Only competitive games, free lotteries, and lotteries held exclusively for marketing purposes are not considered gambling and do not require any approval prior to providing Luxembourg bettors.
In just one year, the slot machines generated a turnover of 38 million EUR and the total proceeds at the Luxembourg casino was 21 million EUR. Each year, more than 400,000 people participate in betting at casinos, and Luxembourg has a profitable gambling industry, ranking third in the EU.
Laws of Gambling in Luxembourg
Gambling in Luxembourg is considered illegal unless a specific area is clearly identified by law. There is no definition of gambling in the Law of 20 April 1977 regarding the business of gambling or any other regulation, and the Luxembourg Department of Justice is responsible for licensing gambling private operators.
Article 1 of the Gambling Law imposes a complete ban on domestic gambling. As of 2017, there are only one casino and one active National Lottery network in Luxembourg. The Luxembourg government is planning to legalize a number of new casinos.
Although the revision plans have been under review since 2012, the process has been slow.
Gambling Events in Luxembourg
During the 1880s, forms of gambling were organized thanks to the opening of the Bourgeois Casino. This was Luxembourg's first casino for the aristocracy, the rich and famous of that era.
However, since 2007, online gambling operations in Luxembourg have been subject to regulations and the only option for bettors is a lottery, which offers instant winning games online.
Luxembourg players don't have a lot of choices when it comes to legal gambling games as the Gambling Law does not specifically mention online games. However, there are also a number of legitimate online sports betting websites in Germany that offer services to Luxembourgers.
The National Lottery in Luxembourg is held exclusively by the Oeuvre Nationale de Secours Grande-Duchesse Charlotte National Organization of Duchess Charlotte. This is a non-profit public organization under the supervision of the Prime Minister and the Minister of State. The net proceeds from the National Lottery activities will be distributed to charities.
When the total value of the lottery tickets issued is equal to or less than 12,500 EUR, authorization must be granted by the council of mayors and the ticket seller of the place where the main ticket is located.
Currently, the only authorized and regulated casino in Luxembourg is Casino 2000 Montdorf, and the legal types of betting games in Luxembourg include:
poker (can only be played in casinos);
sports betting (allowed at casinos, lottery, and bingo games)
Before immersing yourself in the world of betting, Luxembourgers need to choose a suitable online casino, and the main factor to help you make the right choice is to pay attention to the list of payment systems available. . Every popular online casino offers several deposit methods like:
Visa or MasterCard is the most popular form of payment, because of its reliability and safety in transactions. Payment systems via Visa or MasterCard not only allow payment for in-store goods and services but also allow money to be deposited into online casinos. Occasionally, the casino system will ask bettors to enter the code "CVV2" for added security.
Also, gamblers can choose eWallets like EcoPayz, Trustly, Euteller, Paysafecard, iDEAL, Neteller, etc. If Luxembourg players don't use the forms of payment listed above, they can use bank transfer - a very secure method. However, the time for making payments will be longer than in other forms.
Following the current trend, a number of Luxembourg online casinos also offer Cryptocurrency deposits.