Luxembourg is gearing up to tighten its 48-year-old gambling laws as online – and illegal – betting is taking off around the world.
The reform of the 1977 law on gambling is aimed at preventing and prosecuting all areas of illegal gambling, especially in restaurants and similar establishments, “by adapting these rules to the realities and challenges of the 21st century,” a justice ministry spokesperson said.
According to a November 2024 report by The Lancet public health commission on gambling, net annual losses by consumers in the global gambling industry are projected to reach nearly $700 billion by 2028 – larger than the entire economy of Belgium.
“Digitalisation has transformed the production and operation of commercial gambling, but the consequences of this shift and its effects on consumers have not yet been fully recognised,” the report’s authors wrote.
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