Gambling in Monaco: Key Insights
Monaco is famous for its luxury casinos and traditional gambling scene. Its online gambling market, on the other hand, is primarily served by international operators. Here are a few key points about the state of gambling in Monaco.
- Monaco is known for its top-tier land-based casinos, including the famous Casino de Monte-Carlo, which was opened as early as 1863. The country legalised gambling in the same year.
- Currently, Monaco’s four land-based casinos are regulated by the Gambling Authority and Department of Gambling Control, which operates under the Ministry of Finance.
- The most recent and current legislation pertaining to gambling in Monaco is the Gambling Act of 1987, which addresses land-based casinos only. As such, the principality does not license or regulate online gambling or online casinos within its borders.
- Even though there are no Monaco-based online gambling operators, residents can still access international gambling platforms, as there are no laws prohibiting playing at international online casinos.
- Even though Monaco is one of the first places that comes to mind for gambling, its citizens are actually prohibited from entering land-based casinos due to a rule established by Prince Charles III in the 19th century.
- Monaco’s casino industry is valued at $5.04 billion in 2024, with projections indicating a growth rate of 8.2% annually over the next decade. By 2034, casino revenues are expected to surpass $11 billion.