Legal sports betting through the new State Treaty on Gambling – are there differences between the individual providers?

Legal sports betting through the new State Treaty on Gambling – are there differences between the individual providers?

After years of uncertainty, sports betting has been legal in Germany since July 1, 2021 with the new State Treaty on Gambling. Previously, sports betting was issued under a European license that was not recognized by the German government, or held a Schleswig-Holstein permit that was restricted to residents of the state. Betting was a gray area throughout Germany, which was legitimized primarily by trumping German law with the help of European law. However, more than a dozen betting shops now offer legal sports betting in Germany. This article presents the differences between the bookmakers and the requirements that each betting provider must meet.

Attractive bonus offers for sports betting still possible
Even with legal sports betting, new players do not have to do without lucrative bonuses. Offering free bets or deposit bonuses for new and existing customers is still permitted by the State Treaty on Gambling. Sites such as bonuscodes.com clearly put together the latest offers. The Betano promo code from the sports betting provider with a German license unlocks a €10 free bet and a deposit bonus of up to €100.

There are also attractive bonus offers for existing customers who activate free bets or odds boosts at the betting shops. This means that players in Germany benefit from the significantly higher security due to the strict requirements of the authorities and still do not have to forego lucrative bonuses.

Hardly any restrictions on the betting offers of the bookmakers
Before the State Treaty on Gambling was passed, there were numerous discussions about how much the licensed bookmakers have to restrict the offer for sports betting. Above all, a restriction or even a ban on live betting was discussed in order to limit the potential for addiction. Almost a year after the State Treaty on Gambling came into force, however, these fears have not come true. An extensive live betting section is still available at the betting shops, allowing betting tips from the German Bundesliga to U20 teams in Brazilian leagues. This opens up new winning opportunities for professionals if they are familiar with the respective teams and players.

Legal requirements to be observed by all
bookmakers 5% betting tax is taken over by some bookmakers
Anyone who has been placing sports bets online for some time may be bothered by the betting tax, which is based on the Racing Betting and Lottery Act (RennwLottG). According to this, betting providers in Germany have to pay a tax of 5 percent for betting tips. Avoiding the betting tax is impossible for a German license. However, there are differences in the implementation, so that with some betting shops such as Betano, the tax is taken over by the provider. The player no longer has to calculate how the 5 percent affect the betting odds, but can display the possible winnings at a glance.

Registration limited to players from Germany
The sports betting providers not only have to comply with the German requirements in order to secure approval from the authorities. Violations of the laws in other countries must not occur if you want to be considered a serious partner. Due to a different legal situation, companies licensed in Germany are not automatically entitled to legal sports betting in Austria or Switzerland. Information on this can be found in the general terms and conditions, which often state that a place of residence in Germany is a prerequisite for using the bookmaker.
Measures to protect against gambling addiction
An important factor for the German license was the protection against gambling addiction, so that the bookmakers have to implement numerous measures. These include, for example, financial limits, voluntary exclusion from betting providers or the protection of minors. The legal measures against gambling addiction must be observed by all platforms in order not to violate the conditions of the sports betting license. For possible advice, the providers refer to the Federal Center for Health Education (BZgA), which is also responsible for gambling addiction in lotteries. The protective measures are intended to avoid gambling large sums that one cannot afford.

Mobile apps enable betting anywhere
For betting on mobile devices, most bookmakers with a German license provide a responsive website that can be opened in the browser and automatically adapts to the smaller screens. Placing sports bets is even easier if the betting shop offers its own app for Android and iOS. The applications, which were specially designed for smartphones and tablets, offer all the features of sports betting providers on the sofa or on the go. Simple user guidance makes navigating the sports betting apps particularly easy.

Legal Sports Betting Enables Paypal’s Return
The German license, which enables the legal sports betting offering, has also ensured that more payment methods are available. The popular online payment service PayPal had withdrawn from the betting market for a long time due to the uncertain legal situation. Thanks to the German license to offer sports betting, Paypal can now be used again for deposits and withdrawals at Betano and other bookmakers.
In addition to Paypal, the usual companies Visa/Mastercard and paysafecard or payment by bank transfer are represented at many betting shops. Cryptocurrencies do not seem to be allowed by the authorities at the moment, because they have not yet been found at licensed bookies. There are hardly any major differences for deposits or withdrawals from the individual bookmakers. Which means of payment are available can be read directly on the websites of the betting shops.

Melissa Galbraith
Melissa Galbraith is the World News reporter for Globe Live Media. She covers all the major events happening around the World. From Europe to Americas, from Asia to Antarctica, Melissa covers it all. Never miss another Major World Event by bookmarking her author page right here.