Switzerland’s regulated online gambling market generated revenue of €23.5m in its first partial year of operations.

This week, Switzerland’s federal gaming board (ESBK) released its 2019 annual report, which showed the four locally licensed online casinos that launched operations in 2019 generated combined revenue of €23.5m following the market’s official launch last July.

The ESBK didn’t break out specific sums for each online casino but the Stadtcasino Baden group previously announced that its two sites (Jackpots.ch and Casino777.ch) reported combined revenue of CHF7.6m (€7.15m) last year while Grand Casino Luzern’s Mycasino.ch brought in CHF9m (€8.47m).

The only other casino to launch an online gambling site last year was the Swiss Casinos group’s Pfäffikon-Zürichsee, so subtracting the other sites’ contributions leaves us with around €7.9m in unaccounted online revenue. Which would make the Luzern casino’s Mycasino.ch (second to launch after Jackpots.ch) the market’s initial king of the hill.