Tag Archives: Federal Ministry of Finance

German sports betting authority calls for political intervention

SBC News German sports betting authority calls for political intervention

German sports betting revenues fell sharply by 20% in 2020, largely attributed to cancelled sporting events and closures of betting shops due to the COVID-19 outbreak. According to sports betting tax figures published by the Federal Ministry of Finance, total sales amounted to €7.8 billion, 16% lower than the industry record high of €9.3 billion in 2019. If the months …

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