Sports Betting Market in Germany Breaks Sales Records
Strong growth again in 2019 (+ 21%) | Permits expected in spring DSWV Presidium strengthened
BERLIN, Germany — German betting customers made around 9.3 billion euros in betting stakes in 2019. This emerges from recently published figures from the Federal Ministry of Finance. This means that the sports betting market has grown by 21 percent compared to the previous year – in a year without a soccer World Cup or EM.
The President of the German Sports Betting Association (DSWV), Mathias Dahms, comments:
“Sports betting has reached the center of society in Germany and has become a popular leisure activity. The common good also benefits: Last year, sports betting providers paid around half a billion euros in sports betting tax.”
After years of political discussions, the nationwide permit procedure 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.
Mathias Dahms explains:
“It is now up to the federal states to show that their regulatory framework works and that they can effectively deal with unlicensed offers. In some cases, improvements are necessary so that there is no displacement of players into the black market and distortion of competition.”
DSWV Presidium strengthened
In this phase of decisive regulatory changes for the industry, the DSWV Presidium was strengthened with experienced industry experts: Jochen Weiner (Tipico), who was already a member of the Presidium, was succeeded by the General Assembly as the successor to the previous Vice President Dr. Günter Schmid elected. Christoph Nestelberger (GVC Group) is a new member of the DSWV Presidium.
About the DSWV
The German Sports Betting Association (DSWV), founded in 2014, is the association of the leading German and European sports betting providers. Based in Berlin, the DSWV sees itself as a public contact, especially for politics, sports and the media. Its 17 members, who represent between 80 and 90 percent of the sports betting market that pays taxes in Germany, are committed to modern, competitive and European law-based regulation of sports betting in Germany. All member companies have licenses in EU member states and participate in the nationwide sports betting permit procedure in accordance with the Third State Treaty on Gaming. They have paid over two billion euros in sports betting taxes in Germany since 2012.
SOURCE: Deutscher Sportwettenverband e.V. (German Sports Betting Association).Tags: Germany, German Sports Betting Association, DSWV