By European standards, Germany is a pretty massive nation and home to one of the leading economic markets on the continent. With a lot of excess profit made by a large percentage of the population, it’s no wonder the gambling industry enjoys the popularity that it does.
German gambling law has permitted many forms of gambling for quite some time now. Originally the industry was dealt with in a federalist manner, by which I mean to say that individual states were responsible for regulating the gambling institutions in their area.
The industry is dealt with in a different manner these days. Due to the blossoming of the gambling industry and its high demand on behalf of the German people, there are now as many as 70 different gambling institutions set up all over the country.
The previously mentioned gambling institutions are most popular in the form of brick-and-mortar casinos, and gambling cruise ships. On top of these locales, the locals can play at online casinos in Germany.
Internet gambling in Germany is not a practice that is regulated or taxed by the government. This is due to the fact that online casinos in Germany are, in fact, based elsewhere in locations where online gambling is explicitly legal and, therefore, outside the governments jurisdiction.
The industry will probably see a surge in action in the very near future, especially when it comes to sportsbooks, because the 2010 International Ice Hockey Federation World Championship is being held within the nation, specifically in Gelsenkirchen. Spiked interest will be reflected in the German population’s bets.