Monaco gambling market for operators: state monopoly
Land-based casinos are a state monopoly operated by Société des Bains de Mer (SBM) and regulated by the Gambling Authority. Monégasque citizens and residents are banned from gambling. Online gambling is unregulated, which creates a grey market accessible to players.
OverviewOverview built from public sources. An in-depth review of Monaco is available on request. Request it
Product by product
| Product | Status |
|---|---|
| Online betting · Online casino · Online poker · Lottery | Unregulated |
Regulator and player protection in Monaco
Heads-up for operators
3 items
SBM Concession Renewal
The current long-term concession granting exclusive casino operating rights to SBM is reportedly due for renewal.
Draft bill (Projet de loi n° 722) aims to amend Law No. 1.103 to formally define 'online games' and extend the ban on Monégasque citizens and residents to online games organized by the licensed monopoly.
Draft Law No. 722 to Amend 1987 Act
A draft bill proposes minor amendments to Law 1.103 to formally define 'online games' and extend the citizen gambling ban to these activities if offered by the monopoly.
Source: 1
Not yet in force: drafts, laws adopted without a start date, and sections of the law still to be commenced. An item moves to the timeline below on the day it takes effect.
Licence Types in Monaco
One licence type is listed for Monaco: State Casino Concession.
| Licence | Regulator | Term | Notes |
|---|---|---|---|
| State Casino Concession | Sovereign Ordinance (Government of Monaco) | Long-term, periodically renewed (currently to 2027) | An exclusive monopoly right granted to Société des Bains de Mer (SBM) to operate all land-based casino games of chance in Monaco. |
Gambling tax and fees in Monaco
SBM operates under a Sovereign Ordinance concession with significant revenue share to the Principality.
Year-1 cost: Not applicable
No commercial licenses are available for private operators in Monaco. The land-based casino market is a state monopoly operated by Société des Bains de Mer (SBM) under a special concession. As there is no licensing or application process open to other companies, there is no published fee schedule for compliance costs.
| Line item | Amount | Notes |
|---|---|---|
| Land-based Casino Licence | State monopoly Source2 | An exclusive concession is granted to Société des Bains de Mer (SBM). |
| Online Casino Licence | Not available | Monaco does not have a licensing framework for online gambling. |
| Online Sports Betting Licence | Not available | Monaco does not have a licensing framework for online gambling. |
| Online Poker Licence | Not available | Monaco does not have a licensing framework for online gambling. |
| Lottery Licence | Not available | Monaco does not have a licensing framework for online lotteries. |
No commercial licenses are available for private operators.
Which foreign licences Monaco accepts
All 8 foreign licences listed here are tolerated in Monaco.
ToleratedMalta (MGA) · United Kingdom (UKGC) · Gibraltar (GRA) · Curaçao (CGB) · Kahnawake (KGC) · Anjouan · Alderney (AGCC)
Monaco does not license or block MGA operators; sites are accessible without ISP blocking.
Isle of Man (GSC)
Monaco does not license or block IOM operators; sites are accessible without ISP blocking.
Bonus rules: welcome bonuses banned
The regulatory framework for gambling in Monaco focuses entirely on the land-based monopoly and does not address online gaming, so there are no specific laws, codes, or regulations governing online bonuses or promotions for private operators.
- Welcome bonus
- Banned
As there is no regulated online market for private operators, Monegasque law does not specify rules for any player-facing bonus mechanics on offshore sites.
- Penalties
The Criminal Code of Monaco outlines penalties for illegal land-based operations, but these do not extend to specific online bonus or advertising violations by offshore operators.
Advertising oversight applies to the land-based monopoly, primarily to prevent the targeting of Monégasque citizens, who are barred from casinos. No specific rules exist for a competitive online market.
Advertising: limited
Monaco has no domestic online-gambling licensing regime: the Service de Contrôle des Jeux regulates only the physical casino monopoly held by the Société des Bains de Mer under Loi n° 1.103/1987, and no local licence exists for online sportsbook or casino operators to advertise against. Because there is no licensable operator category and no regulator-issued advertising rules, the major ad and app platforms do not include Monaco on their certified-gambling allowlists, so paid gambling advertising is effectively unavailable there regardless of channel. There is no meaningful sportsbook-vs-casino distinction locally: neither vertical is licensed in Monaco, so both face the same platform-level exclusion.
| Channel | Status | Vertical & Platform Split (2026) |
|---|---|---|
| Google Search Ads | Banned | Google runs gambling ads only in the specific countries on its certification allowlist, and Monaco is not among them. With no local gambling licence to obtain and no Monaco entry in the allowlist, an advertiser cannot become Google-certified to target Monaco, so paid gambling search ads are not permitted. Monaco's tiny market means it is simply unlisted rather than explicitly opened.56 |
| App Store Publishing | Banned | Apple's Guideline 5.3 requires real-money gaming apps to hold the necessary licensing and permits for each geographic location where they operate. Monaco has no online-gambling licensing regime, so an operator cannot satisfy the licence requirement for the territory and a compliant real-money app for Monaco is effectively impossible to publish. This is a licensing gap rather than an explicit Apple country block.7 |
| Google/Apple App Store Ads | Banned | Google Play permits real-money gambling apps only in an explicit list of countries, and Monaco does not appear anywhere on that list of roughly 51 permitted jurisdictions. With no permitted-country status and no local licence, gambling apps cannot be distributed or promoted to Monaco through Google Play, and Apple's parallel 5.3 licensing bar produces the same outcome on the App Store side. Store-level gambling app ads targeting Monaco are therefore not available.89 |
| Meta (FB/IG) | Banned | Meta allows online gambling and gaming ads only in listed countries and only for advertisers who have received Meta's prior written permission. Monaco is not on Meta's list of eligible jurisdictions and offers no local gambling licence to underpin such an authorization, so advertisers cannot be approved to run gambling ads targeting Monaco. Paid gambling promotion on Facebook and Instagram is therefore effectively unavailable in the territory.10 |
| TV & Radio | Restricted | Loi n° 1.103/1987 frames gambling in Monaco as a state-authorized monopoly operated by the Société des Bains de Mer under the supervision of the Service de Contrôle des Jeux, with no online-operator category to advertise. In practice the only lawful gambling advertising is promotion by or on behalf of the licensed physical casino operator; there is no general permission for third-party or online-gambling broadcast advertising. Evidence on specific broadcast advertising restrictions is thin, so this is treated cautiously as restricted rather than freely legal.11 |
| Sponsorships | Restricted | Because gambling in Monaco is a single licensed casino monopoly with no online-operator licensing, sponsorship activity in practice flows from the Société des Bains de Mer casino brand rather than from third-party or online gambling operators. The Service de Contrôle des Jeux supervises the operator but publishes no distinct sponsorship-advertising rulebook, so third-party gambling sponsorships have no clear lawful basis. Direct evidence on sponsorship-specific rules is limited, hence low confidence.11 |
| Digital OOH | Restricted | Monaco's gambling framework recognizes only the state-authorized physical casino operator and bars Monégasque nationals from the gaming rooms under Loi n° 1.103/1987, so any digital out-of-home gambling messaging within the Principality would in practice be limited to the licensed casino rather than online operators. No regulator-issued DOOH advertising standard exists, and the resident-entry ban makes broad public gambling promotion sensitive. Specific DOOH rules are not documented, so confidence is low.11 |
Channel rules for Monaco reflect each platform's published policy and the sources numbered in each row (listed under Methodology & sources). Verify with the local regulator and your ad-platform account manager before launching.
How Monaco enforces against unlicensed operators
There is no public evidence of enforcement action taken by Monégasque authorities against unlicensed online gambling operators. The Gambling Authority focuses exclusively on the regulation and supervision of the land-based SBM monopoly. The online market is effectively ignored from an enforcement perspective.
- No record of ISP blocking campaigns against foreign gambling sites.
- No published fines or prosecutions of offshore operators for accepting players from Monaco.
- The regulator's stated role is the supervision of physical gaming houses, with no mandate covering the online space.
Market size: 0.2155B EUR (2025)
Gross gaming revenue in Monaco is approximately 216 million EUR annually. The most popular form of gambling is Casino. Online gambling represents 0% of total GGR. A culturally distinctive product in this market is Casino de Monte-Carlo.
- Land-based0.2155B EUR100.0%
Figures are for the fiscal year ending March 31, 2025, and represent the regulated land-based casino revenue from the state-monopoly operator, Société des Bains de Mer. Online gambling is not regulated in Monaco.
GGR figure3
Licensed operators: ~1
As of 21 Jul 2026, approximately 1 operator hold an active licence in Monaco. Size your entry against this base before committing capital.
Notable licensed operators
Casino Café de Paris
Traps operators hit in Monaco
Specific operational risks that have caught new entrants in this market. Each item is country-specific. Generic gambling-ops issues (KYC, RG tools) are not included unless they have a local twist.
Attempting to Enter a Closed Market
The greatest pitfall is for an operator to spend resources trying to get a gambling licence in Monaco. The market is a state monopoly granted exclusively to SBM under Law No. 1.103. There is no application process for new entrants, and no commercial licences are available.
Sources2
Misinterpreting the 'Grey' Online Market
While accepting players from Monaco is tolerated, operators should not interpret this as a legal right to operate. Any change in policy, potentially influenced by France or the pending Draft Law No. 722, could change the market without warning.
Sources14
Advertising Within Monaco
Advertising online services within Monaco could attract unwanted attention from authorities. Such activities would likely be viewed as a challenge to the state's monopoly and could provoke a regulatory or legal response to protect SBM's exclusive concession.
Sources15
Timeline: rules in force
- 1987
Law No. 1.103 Enacted
Law No. 1.103 relative aux jeux de hasard is enacted and provides the modern legal framework for the land-based casino monopoly and the ban on citizens gambling.
Source: 16
- 1869
Direct Taxation Abolished for Citizens
Revenue from the Casino de Monte-Carlo becomes so significant that Prince Charles III abolishes all direct taxation for Monaco's citizens.
Source: 17
- 1863
Société des Bains de Mer (SBM) Founded
SBM is founded and granted exclusive rights by Sovereign Ordinance to operate casinos in Monaco, which establishes the monopoly model.
Source: 18
Operator myths vs reality in Monaco
Common assumptions about gambling licensing that turn out to be wrong in practice.
- MythMonaco is a target market where we can obtain a European gaming license.Reality
This is false. Monaco is not in the EU and operates a strict state-monopoly system under Law No. 1.103. No licenses are available to private or foreign operators.
Sources16
- MythA French gambling license from the ANJ is valid for operating in Monaco.Reality
This is false. While Monaco's political and economic systems are closely tied to France, French gambling licenses have no legal standing or validity in the Principality of Monaco.
Sources13
- MythBecause online gambling is a 'grey market,' we can advertise our services freely in Monaco.Reality
This is a significant risk. While not explicitly regulated, any major advertising campaign would likely be viewed as a challenge to the state's monopoly and could provoke a response from the authorities to protect their interests.
Sources15
Markets that work like Monaco
Compared on what our records hold for each country: whether online casino, betting, poker and lottery are licensed, state-run or banned, the licensing model, what the operator tax is levied on and its band, how most advertising channels are treated, and how foreign licences are treated. A point we hold for only one of the two countries counts for nothing.
- Guinea-BissauAI overviewSouth SudanAI overview
Online casino, betting, poker and lottery unregulated; most ad channels banned; foreign licences mostly tolerated.
- San MarinoAI overviewMaliAI overview
Online casino, betting and poker unregulated; state monopoly; foreign licences mostly tolerated.
- AndorraAI overview
Online casino, betting and poker unregulated; most ad channels banned; foreign licences mostly tolerated.
Methodology & sources
This page is a Quick AI overview: a summary of public information, not yet checked against the law or the regulator. Treat it as a starting point. It has not yet been through our Deep AI Scan.
How we researchAsk us to run the Deep AI Scan for Monaco
Documents cited on this page
- 1LégiMonaco - Projet de loi n° 722
- 2Law No. 1.103 of 12 June 1987 on Games of Chance
- 3igamingtoday.com
- 4reddit.com
- 5Google Ads gambling & games policy
- 6Google 'Good Policy Health' update (Mar 2026)
- 7Apple App Store Review Guideline 5.3
- 8Google Play real-money gambling policy
- 9Google Play country allowances for gambling apps
- 10Meta online gambling & gaming ad policy
- 11Loi n° 1.103 du 12 juin 1987 relative aux jeux de hasard (Legimonaco)
- 12Monaco Government - Gambling Authority
- 13iGamingToday - Gambling Regulation in Monaco
- 14Draft Law No. 722 amending Law No. 1.103
- 15Hello Monaco - How Monaco Regulates the Gambling Industry
- 16LégiMonaco - Loi n° 1.103 du 12/06/1987
- 17FEE.org - Monaco's Unlikely Savior
- 18Wikipedia - Société des bains de mer de Monaco