Profits and Risk of Addiction
What does the State Treaty on Gambling say?
The State Treaty on Gaming contains one of the last state monopolies. With the exception of horse betting, games of chance may only be offered by the 16 state lottery companies. This includes casinos and the state sports betting company Oddset. The contract has existed since 2008. In the future, according to the will of most countries, seven private sports betting providers will also receive a license limited to five years. The prime ministers want to sign the new contract at the beginning of June.
Who is responsible and who makes money from it?
The federal states are responsible for the games and betting and collect the money, in 2010 it was around 3.3 billion euros. They have all signed the State Treaty on Gambling. The licensed betting providers are now supposed to pay 16.67 percent of their customers’ stakes as taxes.
Why are the federal states focusing on sports betting?
Until now, only the state-owned company Oddset was allowed to offer sports betting, as internet betting has been illegal since 2008. But there is a loophole in the law of “unregulated providers”: Germans can bet money with private companies if they are not licensed in Germany. Because the providers do not actually exist, the state cannot collect any taxes – and the turnover of the betting companies is increasing massively.
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What consequences would privatization have for sports associations?
The state sports federations receive money from the state betting income, which accounts for around 80 percent of their budget. You now have existential fears. Your umbrella organization, the German Olympic Sports Confederation, suggested restricting the choice of private providers by only granting licenses under strict conditions. According to the Sport bund, private companies should meet requirements such as reliability and liquidity. He also insists on specific information in the amended State Treaty on gaming when it comes to distributing the money.
How addicting are betting and gambling?
According to the Federal Center for Health Education, sports betting on the Internet and gaming machines are particularly addictive like ‘ como fazer aposta multipla’ . Almost 500,000 people in Germany are addicted to gambling, determined the universities of Greifswald and Lübeck. In a current study commissioned by the Federal Ministry of Economics, visitors to gambling halls were questioned. Half of them said they had “lost control of the game”. Almost a quarter said they had to “limit themselves financially” in their lives because a lot of money was spent on the machines.
How do health politicians deal with the issue of gambling addiction?
Because of the high risk of addiction, the Ministry of Health is also dealing with slot machines. Health Minister considers the slot machines to be the largest group of addicts. He suggests a “player card” – a chip card that verifies the age of majority of the players and limits financial losses. The drug commissioner of the federal government (FDP), called for machines in restaurants to be banned completely and the requirements for amusement arcades to be tightened.