GAMBLING NEWS
Sportsbetting to be legal in Germany
May 21, 2010
It has come to our attention that there has been a stir happening in one of the world’s most exciting online gambling markets. We can confirm that the Olympic Sports Federation has called upon the German government to start legalizing sportsbetting in the country. Onlune gambling is currently illegal for German consumers and in collaboration with some of the country’s top sporting bodies a call has been made to the government to legal this type of online betting. A major sport body the Bundesliga has joined forces with the Olympic Sports Federation to fight for this right to legalize sportsbooks.
The fact of the matter is that German customers who wish to gamble online can only do so with the state monopoly owned providers, this said, online players are far worse off through a much lower payout rate than the average European online gambling operator. Another huge disadvantage for online players is that gambling deposit options are also limited and some payment methods like Click and Buy is commonly used. Huge sponsorship deals lead to dead ends as major sporting teams cannot find suitable sponsors, which is currently offered by online operators. The sporting teams are basically locked in and cannot apply to outside companies willing to sponsor them.
Online casinos are also losing out on the state monopoly and with the Olympic Sports federation stepping in , there could possibly be a glimpse of light at the end of the tunnel with regards to playing online games in Germany. By playing an old type of product and being inferior to its peers, the local betting customers playing at Lotto Bayern are forced to play at online sportsbook or even bingo rooms that are illegal in Germany. Hopefully with the power that the Sports Federation brings to the table, Germany will soon be open to a host of online operators.
By opening the market in Germany, the government will definitely benefit by regulating the industry and not be forced to make players play at an inferior company. By simply listening to what the sporting bodies have got to say, the sporting teams can benefit from sponsorships and online players will have the benefit to play at amazing online poker, casino companies. Germany is moving in the right direction and we are holding thumbs that things will work out.
