The betting market is active and developing in Europe and the CIS. Germany is one of the largest representatives of the Europe region, the largest European country in terms of population, and Europe’s economic powerhouse. Sports betting services are provided by legal bookmakers and international betting companies that operate under an offshore license issued on the Isle of Man, in Curacao, and so on. Internationally licensed Russian and European bookmakers operate in the country. Despite the different licenses and origins, players’ requirements for betting companies remain the same: reliability, a broad range of events and prop bets, a user-friendly website, and a variety of withdrawal options.
Legality of the Bookmaking Business
Bookmaking is allowed by law in Germany. The number of legal bookmakers has increased year by year. In 2019, players from Germany made bets totaling 9.3 billion euros and the government raised half a billion euros in tax revenue. Germany is a federal republic, where each region plays an important role in lawmaking. There may be minor differences in the laws that legalize the betting industry in each region of Germany. It should be noted that the number of bookmakers that are willing to be licensed to work legally in Germany has been growing year by year. All regions have the same tax policy on betting regulation. The tax rate is 5 percent. If players win, they pay the tax, and in the case of their loss, the payment is made by the bookmaker.
There is no shortage of legal bookmakers in Germany. There are both local bookmakers and betting companies from different countries that obtained an additional license in Germany. In Germany, there are both big bookmakers and small ones that have just started to fight for their piece of the pie. Legal bookmakers include Wetten.com and Digibet. Both bookmakers offer high odds, responsive customer support, and a wide selection of events and prop bets. German bookmakers accept bets online from players from Germany and other regions.
How to Choose a Bookmaker for Betting
The Bookmaker Expert website presents the best bookmakers accepting players from Germany. When compiling these ratings, we took into account: – Possession of a license, in this case issued by local authorities, in an offshore country or the UK. – The option to open an account in national currency. – Time needed for processing bets and withdrawal requests. It usually takes no more than 12 to 36 hours to process a request and transfer funds. Some bookmakers do offer instant withdrawal of winnings. – Availability of customer support and communication methods. Reviews from real players and the existence of mobile applications are no less important factors in compiling our ratings. We look for companies that simplify operating activities and accept bets online easily.
The main betting currency for players from Germany is the euro, but a number of bookmakers will also take bets in dollars and pounds. Players have access to local bookmakers, officially approved foreign bookmakers and offshore bookmakers that are available through working mirrors.
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