Oct 14 2014

Betting Business is booming

Although the match fixing in football makes lately have unpleasant headlines, sports betting is enjoying growing popularity in Germany. The German sports betting market is moving, which can be seen in sports betting site like allpro collage bowls. The already existing only limited monopoly of the state sports betting could fall or be consolidated with a new legal basis. Public and private providers are now fighting hard for their market share.

To the LandesbankRheinlandPfalz invokes the Exchange and publishes its own newspaper articles about sports betting. Is the private sports betting operators is already given a significant position in the German market for sports betting? Private providers have been in 2004, possessed a market share of around 74%. In addition, very small and insignificant the sports betting market in Germany is long gone. According to the Cologne Institute Sports and market, 10.4 million people in Germany show interest in sports betting.

Seven million bet currently active on the Internet from private providers such as Bwin, Starbet or Bluevex. The share of the global market for sports betting online betting games is, according to the website of the sports betting experts and business consultant Jens H. Leinert at about 35 percent. Although so Leinert further in 2004, most betting revenue is generated, is still offline, but at least 2% or € 8 billion came from online betting games.

In recent years, the various providers of sports betting developed unevenly. The gross betting revenue from private providers Bwin was 2004, for example, nearly three times higher than in the previous year. The profits of the provider Bet-at-home and Sportwetten.de stagnated. The state has experienced provider Oddset even declining revenues. According to the info graphic in an article in the Frankfurter AllgemeineZeitung of 28 March 2006 declined, while sales at Oddset of 540 million euros in 2000 to 430 million in 2005.

Sports betting friend like that will not matter, however, is Oddset as state providers obliged to give up part of its income for charitable purposes. The legal deposit for a good cause is, depending on the province between 15% and 20%. The states will receive an additional 16.66% of the revenue of the state sports betting operator as lottery tax. Decreasing revenues from Oddset could therefore complicate the financing of social sectors such as the grassroots.