Cashpoint, a subsidiary of Gauselmann Group, became the first company to have been granted a license to host both online and land-based sports betting in the country. On October 9, the German regulator issued licences for the bwin, SportingBet, Ladbrokes and Gamebookers brands to enable each of them to offer sports-betting products to customers. The Hessian state secretary for the interior ministry has urged members of its parliament to approve the planned German gambling treaty, as he touted his state's stewardship of sports-betting licensing.
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Bonuses at German Betting Sites
Most German bookmakers offer sign-up bonuses and ongoing promotions to customers in order to attract punters and keep them coming back. Some of the best betting sites available to German residents are listed above and each of those will offers a welcome bonus to new customers.
Our team has tested out lots of different offers from different online betting sites, but the list we have created above has the best of the bunch. These free bets are always worth taking advantage of, so check them out now.
Payment and Banking for German Punters
For the websites which were licenced by Schleswig-Holstein, there is little cause for concern for customers, as everything is ‘legitimate’ and lawful. A range of Visas debit and credit cards , as well as Mastercard can be used.
Although there is no evidence of prosecution by German authorities on those using unlicensed websites, some German punters prefer to err on the side of caution and use an online e-wallet. There are a dearth of providers of these payment services, with many being founded in Germany. They include:
- PayPal – PayPal is an industry leader when it comes to online payment processing and is well loved in Germany. The company’s excellent reputation for safety and security will allow you to relax and enjoy your sports betting experience. PayPal is also a great choice if you have multiple betting accounts or want to exchange between different currencies.
- ClickandBuy – Originally launched in 2000 from Cologne, the company has since relocated headquarters to London, after the German gambling laws gave the owner cause for concern. Clickandbuy can be used on over 770 gambling sites worldwide, including big names such as Ladbrokes, 888Sport, and William Hill.
- CLICK2Pay – A Munich based firm with 888 websites to choose from. Their wallet can be used on sites such as William Hill, Betway and Pokerstars.
- E-wallets – Major international e-wallets such as Neteller and Skrill can also give German citizens the anonymity they desire when betting online at German betting sites.
- Fully licensed and certified by independent regulators.
- Approved for secure financial transactions and data protection.
- Reputation for dealing with complaints quickly and fairly.
Germany’s Stance On Gambling
Gambling has long been intertwined into German culture. The territory of Baden boasts claim to be the home of the world’s first legal casino, opened all the way back in 1765. Recent years have seen a restrictive government policy towards gambling, with extremely controlling legislation in place.
Opposition from the EU and betting firms has been supported in the court of law, but the current climate is still somewhat cloudy. At the start of 2008, the ‘Interstate Treaty on Gambling’ was implemented by 15 of the 16 German states. This treaty was initially meant to have a four-year lifespan (it actually ended up lasting four and a half years), before being reviewed.
The crux of the legislation was a complete prohibition of online gambling for German citizens, apart from horse racing. The treaty extended internationally, with foreign bookmakers who provided their services, or promoted their products to Germans, facing sanctions. The law gave permission for ISP’s to block access to online casinos and other gambling portals and made it illegal for German banks to accept transactions from betting sites.
Naturally, with ten percent of all online gamblers around the world being German, these restrictive laws were met with disdain from much of the population, with few taking notice. Despite the threat of legal action, the German government had no jurisdiction other countries and therefore foreign bookmakers tried to capitalise on the German citizens’ thirst for a bet.
Indeed, Bwin, one of Europe’s premier bookmakers, reported that in 2011, (during the ban), action from Germany comprised more than 20 per cent of their €816m net gaming revenues. Effective from the 1st July 2012, the German betting market was partly liberalised. Private enterprises were able to apply for sports betting and lottery licences and the companies were also able to apply for a licence to operate online. The number of licenses was initially limited to twenty, with a 5% tax imposed on stakes. Online casinos games remained illegal under the revised act.
Despite the more liberal sports betting regulations, common consensus was that the German authorities were protecting their state-owned betting model and making it extremely difficult for foreign companies to obtain a licence. By 2016, the Court of Justice of the European Union declared the treaty of 2012 in violation of EU laws and principles for the free movement of services within the Union.
German Betting Companies Near Me
A new Treaty was approved by Germany’s 16 states in March 2017, which increased the number of available licenses from twenty to forty. However, this new treaty also came under fire as it merely increased the number of licenses without fully opening up the German online gambling market.
More recently, the German online slots market was shocked by the news that major slot providers Novomatic and Merkurs restricted their games in the country. The suspected reason behind these withdrawals was due to potential legal implications from either Germany or the EU. However, there is no sign of sports betting taking a step backwards or facing legal sanctions in Germany.
Can I Bet Online In Germany?
In a word, yes. With such an active betting population and the underlying support of the EU, unlicensed bookmakers are paying scant regard to German laws and regulations. Along with bookmakers, poker and casino revenues are also a significant income generator and are offered by major European firms.
Tax on Winnings at German Betting Sites
Since 2012, all sports betting in Germany has been subject to a 5% tax on stakes. This tax is applicable to all residents of Germany and anyone placing a bet within Germany. This move appeared further evidence of the German authorities’ attempts to deter people from gambling online. Having 5% of the betting stake deducted is certainly a negative and makes turning a profit a much stiffer task.
German Betting Companies Inc
German bookmakers have responded in different ways to the tax; Bwin have decided to absorb the tax themselves, thus allowing customers to bet normally. This has impacted on profit per bet but has kept the popularity of the site high. Other firms such as Ladbrokes have taken the approach to only tax winning bets, with the companies covering the tax on losers, whilst Stan James do not tax German players at all – they do not hold any license in Germany.
Germany’s Favourite Sports
Germany has an incredibly rich sporting history, with football and horse racing being the two most popular sports for betting in the country. Bayern Munich are one of the world’s premier football teams, and there is significant betting interest from Germany punters in both the Bundesliga and other elite leagues in Europe.
The German Derby at Hamburg attracts top class equine fields on a yearly basis. Other popular sports for betting include:
- Ice hockey
- Basketball
- Handball
- Boxing
- MMA
The Deutsche Eishockey Liga is one of the premier ice hockey leagues outside of North America, boasting the highest number of overseas Canadian and US players. With average crowds of 4,300, the Basketball Bundesliga (BBL) is also gaining in popularity and is contested by 18 teams from across Germany. Handball has gained more exposure in recent years in Germany and was first contested at the 1936 Olympics in Berlin.
German Betting Sites – Our Verdict
With a population of over 80 million and a passion for gambling, the German sports betting market is an attractive one. Nonstopbonus 2. Unperturbed by the protectionist policies and attitudes adopted by the German authorities, European firms have made it extremely easy for German citizens to strike a bet, be it on Sports, Poker or in the Casino.
With increasing pressure from the European Union for Germany to adopt a fairer approach to licencing, and the likely realisation by the policy makers that by allowing more businesses to operate in their country, tax revenue can increase, the future looks bright.
German Betting FAQs
Yes. There may be restrictions in place if you use a bookmaker from a specific country, but this can be bypassed by using a VPN.
There are many great bookmakers that offer excellent odds and markets on football matches including the Bundesliga. If you sign up, you may also be eligible for free bets.
Yes. Most online bookmakers now offer mobile betting for German players. This means you can bet on the go and in-play on your favourite sports.
Yes, most bookmakers offer bonuses when you sign up to their site. It’s not just new players that enjoy perks though - many sites offer regular bonuses for betting on sports.
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Keto 18 6. FN Media Group Presents Microsmallcap.com Market Commentary
NEW YORK, Jan. 22, 2021 /PRNewswire/ -- The numbers from 2020 are rolling in, and it's clear that it was a monster year for online betting across many different markets. It appears that there will continue to be a rise in availability of online betting opportunities, including the recent hints of NY Governor Andrew Cuomo for more betting in his state. Quick to adapt to the adjustment were a series of very competent online gaming developers who not only had big wins in 2020, but are looking to continue that momentum throughout 2021, including from Bragg Gaming Group (TSXV:BRAG) (OTCQX:BRGGF), Penn National Gaming (NASDAQ:PENN), Score Media and Gaming (TSX:SCR), Caesars Entertainment (NASDAQ:CZR), and MGM Resorts International (NYSE:MGM).
The momentum isn't restricted to North America, where several new markets opened up in 2020, but is also in the European Union, which is seeing its own online casino revolution-and is set to increase to nearly US$35.5 billion by 2022.
Seizing on the opportunity, Bragg Gaming Group (TSXV:BRAG) (OTCQX:BRGGF) has spent the last year rapidly expanding its footprint in the EU, recently announcing the launch of its wholly-owned subsidiary ORYX Gaming's entire remote gaming server (RGS) portfolio with leading global online sports betting and casino operator Betway-which is licensed for business in several prominent industry-related markets, including the UK, Malta, Italy, Denmark, Spain, Belgium, Germany, and Ireland.
'We're delighted to see our partnership with Betway go live and our titles are going to offer a new dimension of content to their players,' said Matevz Mazij, Managing Director of ORYX Gaming. 'Our RGS content has already been proven strong in Germany and beyond, and this partnership will further strengthen the reach and reputation for both our companies.'
According to the deal, Betway can use ORYX's player engagement tools, including free spins, tournaments, and leaderboards, as well as data services available via ORYX Hub.
'Seeing the array of premium content from ORYX become available to our customers is the result of hard work and close collaboration,' said Paul Adkins, Marketing and Operations Director at Betway. 'It's great news for everyone involved and we're sure that it's the start of a relationship that will be a huge success.'
Bragg had already established a German presence through a partnership with Greentube-owned brand StarGames to provide content through ORYX Gaming.
Prior to that, Bragg signed deals in other EU markets (including Nordic markets, Switzerland, and the Netherlands). Overall, the last 12 months represented a year of positive momentum for Bragg Gaming Group, including the reporting in Q3 2020 of an exceptional revenue growth of 72%.
Through its deal with Choice Hotels, Penn National Gaming (NASDAQ:PENN) will be adding 22 casino resorts to Choice's Ascend Collection brand, creating reciprocity between the two companies' loyalty programs. However, Penn saw a major shakeup recently with the stepping down of its CFO Dave Williams.
Casino operator Caesars Entertainment, Inc. (NASDAQ:CZR) made a splash into the online betting world in 2020, through a major $3.9 billion deal with UK sportsbook giant William Hill. Though costly, Caesars firmly signaled it's going to take online gambling seriously.
'We're looking at different activities and bolt-on acquisitions,' said Caesar's CEO Itai Paznerto Reuters. 'This [William Hill's European business] can definitely fall under that category.'
As large as the William Hill deal was, MGM Resorts International (NYSE:MGM) is looking to make an even bigger $11 billion takeover of British betting and gambling company Ladbrokes, which used to be owned by the Hilton Group.
Yet despite its size, Ladbrokes' owner says MGM's takeover proposition undervalues the company.
MGM said the deal would further bolster the combined entity into a global gaming company with presence in both online and retail channels and end-to-end technology stack.
Up in Canada, Score Media and Gaming (TSX:SCR) looks to be coming into 2021 with its ambitions high. Now considering a listing on a US stock exchange, Score Mediaand Gaming saw its total gaming handle on its theScore Bet up 535% year-over-year.
As we head into 2021, companies like Bragg Gaming Group continue to look for innovative ways to keep their momentum going strong.
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