Monaco Gambling Market Overview 2026: Land-Based Strength, Digital Opportunities

Monaco, January 2026 – Monaco’s gambling industry, dominated by the Société des Bains de Mer (SBM), continues to thrive in 2026, reinforcing the Principality’s reputation as a global hub for luxury gaming and tourism.

Strong Land-Based Performance
SBM reported €244 million in total revenue for Q1 2025/26, with gaming revenue of €50.6 million, marking year-on-year growth of 12% and 8% respectively. Table games—including roulette, blackjack, baccarat, and poker—remain the primary revenue drivers, complemented by 985 slot and video poker machines across SBM’s four main casinos.

Tourism continues to underpin growth, with Monaco attracting affluent international visitors drawn to exclusive casino experiences, luxury events such as Formula 1, and high-end hospitality offerings. Peak gaming activity occurs during evening hours, with VIP tables catering to high-rollers. Female participation is rising, particularly in slots and live dealer games.

Digital and Offshore Opportunities
While Monaco does not currently license online gambling, offshore operators continue to reach international players visiting the Principality. Crypto-enabled gaming and mobile platforms are increasingly popular among tourists, offering convenience, privacy, and immersive experiences aligned with Monaco’s luxury positioning.

Regulatory Framework
Monaco maintains strict control over gambling operations through Law No. 1.103 and the Groupe de contrôle des jeux. Key regulations include:

• Exclusive licensing for land-based casinos

• Prohibition on gambling for residents and excluded groups

• Progressive GGR tax rates up to 80%

• Mandatory AML/KYC compliance via the Autorité Monégasque de Sécurité Financière (AMSF)

No significant legislative changes are expected in 2026. The framework prioritises land-based operations while offshore iGaming fills the regulatory gap, providing opportunities for international operators targeting Monaco’s high-value visitors.

Market Outlook
Monaco’s gambling sector in 2026 remains a monopoly-driven, tourism-focused market. Growth is supported by luxury events, record-high hotel occupancy, and premium player experiences. Meanwhile, the unregulated online segment represents an evolving opportunity for digital innovation in alignment with Monaco’s reputation for exclusivity and high-end service.

For more information:
Société des Bains de Mer – www.montecarlosbm.com