Players in Germany spent around \u20ac9.3 billion on sports betting last year, which represents a 21% increase over 2018.<\/p>\n\n\n\n\n\n\n\n
Germany.- The German sports betting association,\u00a0Deutsche Sportwettenverband<\/em><\/strong>\u00a0(DSWV), has unveiled details about the segment\u2019s performance last year. Players in Germany spent around\u00a0 \u20ac9.3 billion on sports betting in 2019, representing a 21% increase over the same period the previous year.<\/p>\n\n\n\n The DSWV talked about recent figures from the Federal Ministry of Finance from Germany and explained that the 21% is especially impressive as 2019 did not feature a football World Cup or any other major tournament.<\/p>\n\n\n\n Mathias Dahms, president of the DSWV, said: \u201cSports betting has reached the centre of society in Germany and has become a popular leisure activity. The common good also benefits: Last year, sports betting providers paid around \u20ac500 million in sports betting tax.\u201d<\/p>\n\n\n\n Dahms also said that after years of political discussions, the nationwide approval process for sports betting providers has been running since the beginning of the year. According to the responsible regional council in Darmstadt, at least 45 applications are expected. The first permits are to be issued in the spring.<\/p>\n\n\n\n He explained: \u201cThe federal states are now obliged to show that their regulatory framework works and that they can effectively combat unlicensed offers. In some cases, improvements are necessary so that there is no displacement of players into the black market and distortion of competition.\u201d Players in Germany spent around \u20ac9.3 billion on sports betting last year, which represents a 21% increase over 2018.<\/p>\n","protected":false},"author":2,"featured_media":3410,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Germany's sports betting market experienced a 21% GGR increase to \u20ac9.3 billion in 2019, contributing \u20ac500 million in tax revenue, despite the absence of major sporting events. The DSWV highlights the segment's societal integration and the ongoing nationwide B2C licensing process, with 45 applications anticipated and first permits expected in spring. Industry stakeholders emphasize the critical need for robust regulatory frameworks to prevent black market displacement and ensure competitive parity.","focusai_entities":"Deutsche Sportwettenverband (DSWV), Federal Ministry of Finance, Mathias Dahms, regional council in Darmstadt","focusai_location":"Germany, Darmstadt","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.95), affiliate_publisher (0.75), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.85), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Regulatory Framework Efficacy?","query":"What specific improvements are deemed necessary for Germany's regulatory framework to effectively combat black market displacement and ensure competitive parity among licensed operators?"},{"label":"Licensing Process Timeline?","query":"Given the expectation of 45 applications and first permits in spring, what is the projected timeline for full market licensing and the potential impact on market share distribution among approved entities?"}],"footnotes":""},"categories":[16331,155],"tags":[233],"class_list":["post-3408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-elsewhere-news","category-sports-betting-news","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3408","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=3408"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3408\/revisions"}],"predecessor-version":[{"id":777008685,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/3408\/revisions\/777008685"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/3410"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=3408"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=3408"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=3408"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/p>\n","protected":false},"excerpt":{"rendered":"