Online sports betting and internet casinos allowed under certain conditions from March 2021. The internet business is particularly tricky: it satisfies addicts’ need to keep their arousal by betting quickly and over and over again.
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For a long time, internet gambling was banned in Germany. That is why the providers acquired their license abroad and paid taxes there – concessions in Malta and Gibraltar are popular. In autumn March 2020, after years of tough struggle, the federal states reached an agreement on the “third state treaty amending gambling”. It should allow online sports betting and casinos on the Internet under certain conditions. It also allows more than 20 previously approved gaming providers. The new contract is expected to come into force in mid-2021.
The New State Treaty On Gambling
With the new State Treaty on Gambling, advertising for sports betting with active athletes and officials will be prohibited. So it is in the first section of the contract under paragraph 5, article 3.
The essential points of the new State Treaty on Gambling
- Online live betting is intended to be limited.
- Sports betting providers must ensure that minors cannot sign up and bet.
- A player’s deposit limit should be limited to 1,000 euros per month – across all providers.
- For this purpose, a central, provider-wide lock file should be set up.
- A gaming authority based in Saxony-Anhalt is to monitor these new rules.
Federal states earn with:
Certain sports betting offers are legal in Germany: Products from the German Lotto and Totoblocks, Oddset.
The providers have to pay a five percent betting tax for every domestic sports bet. This income is divided among the countries. Baden-Württemberg took in a good 56 million euros in 2018, five years earlier it was only 32 million. Rhineland-Palatinate was also able to almost double its income from sports betting within five years. In 2013 it was 19 million euros, in 2018 it was 33 million.
The federal states do not take action against sports betting providers. You earn with.
Betting providers – sponsors for top German teams
Countless clubs today have betting providers as sponsors and consequently their logo on their jerseys.
Sports betting providers know how to sweeten entry into gambling for new customers. You bait them with gifts. Almost all of them offer a 100 euro bonus, some lure with up to 500 euros. The principle is simple: if you bet 100 euros, you get 100 euros on top.
In addition, sports betting providers suggest that “real experts” could even earn money with bets. However, numerous studies have shown that it makes no difference whether laypeople or experts type. It remains a matter of luck.
The misconception of having the game under control
Nevertheless, betting providers promise that players with good expertise can earn money by betting on sports results. According to a study by the German Sport University Cologne, particularly active athletes are subject to this misconception.
After years of negotiations, the federal states seem to have agreed on an interstate gaming treaty with binding specifications. It should come into force in 2020. Education is also important – especially in sports clubs.