Online Gambling Legislation in Germany
It seems we’re getting closer to see online gambling within the German market fully regulated. Glücksspielneuregulierungstaatsvertrag, the German gambling regulatory has received approval to regulate gambling activities in all the states of Germany. The final approval by the European commission has not yet been approved, but we’re seeing that more likely the German market will be fully regulated from the 1st of July 2021.
What are the requirements to apply for a Gambling License?
At this points, it’s hard to say the exact plan, but from the information collected, it seems that the new regulation will hit hard on gambling limits. To start off with, the maximum amount an online gambler can spend across all operators will be limited to €1,000 per month. What does this mean? It means that a German player can only play with €1,000, unless he/she wants to raise the bars and asks the relevant authority to increase the limit. Will this be fair on a citizen that has paid his/her taxes and wants to place some bets, and can afford it, that begs the question?
Games availability and Betting Limits?
We have seen various operators that has either withdrawn completely from German acquisition, and others that are preparing to be compliant with the current published requirements. Some of which seems to be the removal of jackpot games, table games such as roulette, black jack, baccarat, craps and so on. This means there will be less selections of games for online players that resides in Germany. More restrictions will come to affect on the game and literally bet limits. It is being said that the maximum bet limit on slots will be set to €1. This means that not only the operators have to adjust by the shared €1,000, but also ensure that the game providers have such limit feature in place in their software. Betting will also be affected, as it seems some type of betting combinations or betting styles will be removed from the bookies offer services to German players.