Germany’s Christian Democratic Union and the Christian Social Union have agreed to propose abolishing the country’s state monopoly on sports betting and to allow the lottery lotto market to continue unchanged under the terms of the 2004 State Treaty.

The Union said that the liberalisation of sports betting should also be accompanied by the levying of a special incentive tax, levied on the basis of the player’s place of abode and therefore assure the federal states a source of revenue from sports betting. “This will provide continued funding for mass sport, charities, culture and addiction prevention measures,” it said in a statement.
Tags: Lottery Lotto, German Lottery, Lottery Game Online

This entry was posted on Monday, April 23rd, 2007 at 8:45 pm and is filed under Europe Gambling, Gambling Industry News, Lottery, Sports Betting. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.