Central Europe

German Sports Betting Stakes Increase 21% in 2019

Published

5 years ago

February 12, 2020

Niji Narayan

German Sports Betting Stakes Increase 21% in 2019

Reading Time: < 1 minute

Deutsche Sportwettenverband (DSWV), the German sports betting association, has revealed that consumers in the country spent approximately €9.3bn on sports betting in 2019, up 21% on the previous year.

DSWV said that the year-on-year growth was impressive seeing as 2019 did not have a major international football tournament, whereas 2018 had the FIFA World Cup.

Operators paid a total of €500m in sports betting tax during the 12 months through to December 31, 2019.

“Sports betting has reached the center of society in Germany and has become a popular leisure activity,” Mathias Dahms, President of DSWV, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.