Germany 's imminent gathering of its sixteen heads of state this week will see the issue of gaming brought to the fore again. In anticipation of the ministerial conference, Germany's Olympic Sports Federation, Deutsche Olympische Sportbund (DOSB), The German Football League (DFL) and the Sports Aid Foundation have jointly designed a proposal which has been submitted to the heads of state chancelleries outlining its vision for a regulated and liberalized gaming sector.
The group proposes a dual model whereby the State lottery would remain a state-run monopoly but that the sportsbetting sector be opened up to private providers with stringent regulations put into place covering licencing and admission requirements (such as reliability, liquidity, collateral, etc).
The sportsbetting market in Germany is estimated by the state at 200 million Euros, however, DOSB-General, Michael Vesper says its worth more - in the region of three to seven billion Euros.
The collective sports bodies have suggested in the proposal, a three to ten percent tax on betting turnover from licenced private operators.
The current Gambling Treaty will expire in late 2011 and the DOSB proposes its model be adopted from 2012 on a trial basis for a period of two years.
Source: InfoPowa News