Sunday, May 13, 2012

Germany’s Online Gambling Sector Sees €1.5 B Worth Of Profit By 2015


Germany expects to yield a staggering growth of €1.5 B in its gaming market as the country implements the new Interstate Treaty on Gambling that will liberalize its gaming economy.

The market boom
According to the Media Entertainment and Consulting Network (MECN), German players delivered a total of €45 B, generating a gross revenue of €10 B. These figures foresee an ultimate increase upon the enactment of the new gambling policy this 2012.

The key drivers
One of the key drivers that is said to take Germany’s gambling market is the sports betting industry.  It is estimated that around 2,500 private operators shall open soon in Germany.

Other than sports betting, online lotteries are also expected to fuel the country’s online gambling sector.

Interstate Treaty on Gambling
The changes and modifications of the Interstate Treaty on Lotteries gave birth to the Interstate Treaty on Gambling.  The former penalizes online gambling as well as the act of promoting or advertising it, thus preventing the entry of private operators, which, in return, resulted to the state’s monopoly of the gambling industry.

However, the policy has been consistently challenged by the appeals of private operators that
question the legality of prohibition orders and sanctions that they receive.

After two (2) years of consistent appeals and pleas, a recommendation to liberalize gambling in the country, was formed.

German online gambling population
An estimate of 2.2 million Germans is part of its online gaming community, with online lotto emerging as the favorite—garnering a total of 700,000 regular online players. Next is online poker with a 500,000 regular players.

Germany’s impressive online gaming potential is indeed, good news to many private operators. This apply not only to sports betting providers but also to online casinos. Once liberalization is pushed through, it cannot be denied that the country’s ability to generate income and revenue is something that many providers cannot ignore.

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