Technological advancements have changed and altered many aspects of the society. Many sectors seem to have been affected and the gaming industry has not been spared either. Today more than ever before, there are thousands of online gaming firms that have been established in a bid aimed at capturing the market and subsequent profit margins associated with this industry. In a majority of countries across the globe, the number of online casinos seem to have surpassed brick-and-mortar or traditional casinos by far due to the convenience that comes with online casinos.
In Germany, the online casino industry seems to have grown beyond the forecasted figures with a sizable number of online casino firms being in operation across the country. Even though the government of Germany has tried its best to ban online gambling, nothing positive has been achieved as such. In fact, as the government tries to outlaw online gambling, there seems to be an increase in such activities. Germany has a sizable number of online casinos that are in operation today.
Online gambling in the state of Germany is complicated. There 16 federal states with all of them having different laws and regulations regarding online gambling. With a lack of unity, online casinos have mushroomed at unprecedented rates serving millions of people across the country. Generally, online casino gambling is alive and thriving in Germany. Federal states that have tried outlawing this practice seem to be on the losing end as the internet allows users to access online gambling sites out of their jurisdictions.
It is a tasking exercise getting the exact number of online casinos that are currently operating in Germany. According to recent polls, more than three million Germans participate in online casino gambling. This is a lucrative market that is profitable to entrepreneurs, and for this reason, there are hundreds of online casino sites have penetrated the German market with the aim of capturing a significant market share.
Lately, though, the German government seems to have softened its stiff stand regarding online gambling by compelling online gambling sites to be licensed and be ready to avail their financial reports when needed. This is a move that has seen a number of online casinos in Germany mushrooming faster than expected. Online casinos that are in business across Germany are required to follow certain rules and regulations before being licensed to operate. A majority of them are required to clearly specify their terms and conditions, privacy policies, and ethical means of doing business among others.
As of today, due to relaxed policies, international or foreign-based online casino sites can now be found in the German market. Even though there are locally-owned online casinos in operation across the country, there are hundreds of foreign-owned online casinos now in operation across Germany. To operate in the country, online casinos are compelled to adhere to some rules and regulations laid down by German’s betting and licensing commission. However, one thing that stands out is that a lot of online casinos are currently present in Germany offering their services to Germans.