GamingIntelligenceGroup.com - Germany to Liberalise Sportsbetting Market

GamingIntelligenceGroup.com - Germany to Liberalise Sportsbetting Market
The budget and financial speakers of the Christian Democratic Union and the Christian Social Union agreed this week at a meeting in Stuttgart to propose abolishing the state monopoly on sports betting, and to allow the lottery market to continue unchanged under the terms of the 2004 State Treaty.

The terms of a liberalised sports betting market are to be drawn up in a separate State Treaty.

The Union's fiscal policymakers believe that the liberalisation of sports betting should be accompanied by the levying of a special incentive tax. It is to be ring-fenced on the basis of the player's place of abode and therefore assure the federal states a source of revenue from sports betting. This will provide continued funding for mass sport, charities, culture and addiction prevention measures.