The new legislation will come into effect in July next year and will constitute one of the most significant overhauls of the gambling industry in Germany.
All companies who wish to continue servicing the German market would have a grace period by October 15 to ensure that they are compliant with the terms of the Glücksspielneuregulierungstaatsvertrag.
The reconfiguration of the German market won’t affect just iGaming companies. Sports betting operations will also have to introduce a €1 per spin stake limit.
Germany will allow blackjack and roulette games to be serviced to the country’s gaming population during the grace period, but they must be provided separately from online slots.
All players will now face a blanket spending limit settled at €1,000 a month, restricting the potential of problem gambling in the country. Individual players will be able to apply for a €10,000 monthly spending limit, but their cases will be examined by gambling firms to determine if players are solvent to afford to spend that much on casino gaming.
Breaching any of the rules outlined in the new treaty would come with license revocation or a fine in the very least. The only state to be exempt from the rules in the transition state is Schleswig-Holstein, but the state will also have to comply come July, 2021.
Germany is enacting the largest re-regulation of its iGaming and sports betting market. The re-regulation of the market would enable operators such as Bitcasino, 1xBit, and FortuneJack to seek and cement their presence in the country.
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