famous horse jockeys As highlighted previously by iGB, a study from the University

famous horse jockeys As highlighted previously by iGB, a study from the University

famous horse jockeys As highlighted previously by iGB, a study from the University of Leipzig has warned that close to half of all online gambling in Germany still takes place with unlicensed operators.The study was commissioned by the German Online Casino Association (DOCV) and the German Sports Betting Association (DSWV). It highlights that close to 50% of all German players use unlicensed sites. .The study estimates three-quarters of online revenue is generated by the black market. As a result, hundreds of millions of Euros in annual tax revenue is missed out on.Most recently, Yield Sec charted an 11% growth in the illegal market in Germany, giving it a 47% share of the total marketplace for online betting and gambling, compared to 53% legal.YIELD SEC’S DATA FOR THE UNREGULATED GERMAN MARKET HIGHLIGHTS A WORRYING TREND .If this ruling were to rule in the plaintiff’s favour, then Hambach & Hambach highlights that Germany will have to reimburse all taxes previously paid to the state. “Germany will have to reimburse paid taxes for the past,” they explain. .Solving Germany’s regulatory quagmire .The third issue, as highlighted by Hambach & Hambach, is that German states will be liable for all damages incurred. .“The German legislator has first enacted a licence system for sports betting with an illegal limitation to 20 licences which was in breach with EU law. As a result licences have not been issued.

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