New State Treaty Legalizes Online Gambling in Germany
$5,000 Welcome Bonus
New State Treaty on Gambling legalizes online gambling in Germany. It also bans virtual casino games like poker and roulette and slot machines. The treaty takes 70 pages and applies to all 16 states. Addiction experts are critical of the treaty. It may be many years before the supervisory framework to protect players is complete.
New State Treaty Legalizes Online Gambling in Germany. The industry is worth billions and employs around 200,000 people. Gross revenue generated in 2019 was estimated to be in excess of €13 billion. There are three types of online gambling market: regulated, grey market and black market. The grey and grey markets are less reliable and more profitable. Some payment methods like Trustly might stop working. Addiction specialists accuse the government of bowing to the wishes of the lucrative industry. Critics claim that operators forced the state’s hand by promoting illegal online games.
The new treaty provides for some concrete protections for players. The new gambling authority responsible for the treaty will not be operational until 2023 or later. There are concerns that the new authority lacks the capacity of similar governing bodies in the UK and Denmark.
