Germany’s
Online Gambling Sector Sees €1.5 B Worth Of Profit By 2015
Germany expects to
yield a staggering growth of €1.5 B in its gaming market as the country
implements the new Interstate Treaty on Gambling that will liberalize its
gaming economy.
The
market boom
According to the Media
Entertainment and Consulting Network (MECN), German players delivered a total
of €45 B, generating a gross revenue of €10 B. These figures foresee an
ultimate increase upon the enactment of the new gambling policy this 2012.
The
key drivers
One of the key drivers
that is said to take Germany’s gambling market is the sports betting
industry. It is estimated that around
2,500 private operators shall open soon in Germany.
Other than sports
betting,
online lotteries are also expected to fuel the country’s online gambling
sector.
Interstate
Treaty on Gambling
The changes and
modifications of the Interstate Treaty on Lotteries gave birth to the
Interstate Treaty on Gambling. The
former penalizes online gambling as well as the act of promoting or advertising
it, thus preventing the entry of private operators, which, in return, resulted
to the state’s monopoly of the gambling industry.
