Betting in Luxembourg – 5 Things You Need to Know

1. 1. The legal age for gambling is 18 years.
2. 2. Winnings from online bets are not taxed.
3. 3. The German operator Oddset is authorized by Loterie Nationale to accept only local residents.
4. 4. Bitcoin betting is legal in the country, as the CSSF (Financial Sector Supervisory Commission) accepts cryptocurrencies.
5. 5. Luxembourg ranks third in the EU for gambling revenue per capita.

Should you be searching for the best gaming options, the wild fortune bestes spiel remains one of the top favorite picks of players from Luxembourg.

General Information

⏩ Population: 613,894

⏩ Active Players: 295,000

⏩ Currency: Euro

⏩ Regulated Gambling Products: Sports betting and national lottery games

⏩ Regulatory Body: Ministry of Justice

⏩ Types of Operators: Online sports betting monopoly (Loterie Nationale), licensed land-based casino.

⏩ Status: Regulated

Online Gambling in Luxembourg: Legal Framework

The primary legislation providing for all forms of gambling in Luxembourg is the Gambling Act, which made it clear from the very beginning that "gambling activities are prohibited." Nevertheless, a number of amendments in the law have taken place to allow different forms of gambling currently existing in Luxembourg.

One primary amendment is the Grand Ducal Regulation, which governs sports betting. Also, there is the National Lottery Act, which establishes that every kind of lottery and online sports betting will fall under the responsibility of the National Lottery.

International bookmakers have no licenses; however, the German operator Oddset has full authorization to operate in Luxembourg. The tax regime applied to gambling is the same for both online and land-based activities, regulated by the Ministry of Justice. The tax rate on sports betting and lotteries is 15%, applied only to the operators and based on their gross gaming revenue.

Are Sports Bets Legal in Luxembourg?

Sports betting has been legal in Luxembourg for years, and Loterie Nationale regulates it by virtue of the official license awarded to it for providing sports betting services. The latest legislation has also legalized online sports betting for all residents of Luxembourg.

No one under 18 years of age is allowed to bet, and players do not have to pay any tax on their earnings. Sports betting licenses are only available to the National Lottery, but there are no restrictions barring residents of Luxembourg from engaging in betting on foreign platforms such as online casinos.

How to Deposit on Online Betting Sites

The instant deposit methods available on Luxembourg betting websites are the e-wallets such as Neteller, Skrill, and PayPal while instant banking methods include Sofort and Giropay. Others include those via credit/debit cards and prepaid vouchers.

For those who prefer to stick to traditional ways, several local banks in Luxembourg, like Advanzia Bank, help with bank transfers between your bookmaker and your bank account.

The Future of Online Betting in Luxembourg

This would give the national authorities some incentive to license international bookmakers and end the National Lottery monopoly because Luxembourg players can access any recognized betting site in this world without having to worry about any legal accountability or prosecution.

Unfortunately, at the moment, there are no concrete plans to legalize international betting operators. Therefore, the future of the online betting market in Luxembourg remains somewhat unclear.

Gambling in Neighboring Countries

When looking closely at the gambling landscape of the neighboring countries of Belgium, Netherlands, and France, valuable knowledge can be obtained for players. In viewing the situation and laws pertaining to gambling in each of such countries, better players will be enjoined in making decisions and spotting opportunities.

⏩ Love it or hate it, but online and land-based betting in Belgium is legal, which means that, depending on the country, online operators will have to comply with local laws and sometimes get licenses. Access to both legally and illegally operating Belgian betting sites is also possible by bypassing the government’s blacklist. If you want to do that, however, make sure you use a VPN.

⏩ In the Netherlands, the government has passed new gambling legislation, making online gambling and land-based betting options more flexible. Various betting options are now available on a regulated market with licensed operators. Sometimes, Dutch betting sites require local domains and, at times, even special arrangements to provide their apps to local players.

⏩ In France, land-based casinos and racetracks have historically existed alongside betting shops. Online gambling is also legal, and it's allowed to be done only through licensed operators that offer a wide range of casino games, sports betting, and poker. French betting sites provide the players with the maximum regulated options, thus protecting them.