Germany
G
ambling has a long standing history in Germany. The territory of Baden claims to be the home of the world’s first legal casino
back in 1765 even though there are tight restrictions in place for the gaming sector.
The Federal Rennwett und Lotteriegesetz (RennwoLottG) which is the horse racing and lottery legislation, dates back to 1922 and is still in place with adaptations added over the years.
Sports betting in Germany is very popular, particularly football sports betting and horse racing. The German Derby is a huge crowd puller and German’s are so passionate about their sport they have a dedicated bookmaker for horse racing called RaceBets which is only available via the internet. Some 40 percent of this company is owned by Germany Racing and it is the official platform of the German Racing Authorities.
German Racing has been around for 188 years as the oldest organised sport in Germany. RaceBets has a licence in Malta plus a German bookmaker licence and offers bets on worldwide horse and greyhound racing internationally online.
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There are around 40 horse
racing tracks in Germany. There are no dog racing tracks as betting is not permitted
nationally. The majority of races are broadcast via live streams.
There are around 40 horse racing tracks in Germany. There are no dog racing tracks as betting is not permitted nationally. The majority of races are broadcast via live streams.
Turnover for the horse betting sector in Germany in total is estimated to be €300m which includes foreign races as there is a large amount generated from French races. There are some 550 horse breeders in Germany.
Meanwhile ice hockey, basketball and handball are also hugely popular. Sports betting in Germany is dominated by large chains running franchise
systems and a concession procedure is carried out for those requiring licences. This has been criticised in the courts and many providers are from Malta or Gibraltar and therefore operate in a legal grey zone as they pay taxes overseas.
In reality Oddset is the only company legally allowed to offer sports betting. Providers of the lotteries and sports betting are state owned companies such as Lotto, Toto and Oddset and this is coordinated by the Deutsche Lotto und Totoblock (DLTB) a consortium of state owned providers. DLTB is made up of 16 independent lottery companies in the states and was founded in 1955.
Oddset is a part of the DLTB and is basically a monopoly in the sports betting market. Every state and city has at least two Oddset stations whilst you can place bets at any Lotto outlets of the DLTB which have 23,000 points of sales. Oddset revenue is said to be between €3n and €5bn. Some say revenues are much higher in reality although this is the amount taxes are paid on. Tax rates are five percent on turnover.
Oddset has provided betting options in Germany
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