In a shocking new report released by the German government, it has been revealed that black market accounts for up to 4% of the country’s Gross Gaming Revenue (GGR) in the year 2023. This alarming statistic has raised concerns among lawmakers and regulators about the impact of illegal gambling activities on the country’s economy and society.
The black market for gambling in Germany has been a persistent issue for many years, with unlicensed operators offering online betting and casino games to German citizens without proper regulation or oversight. These illegal operators often attract customers with enticing promotions and high payouts, luring them away from licensed and regulated platforms.
According to the report, the black market for gambling in Germany generates billions of euros in revenue each year, depriving the government of much-needed tax revenue and funding for social programs. This illicit industry also poses serious risks to consumers, who may not receive the same level of protection and support that they would from licensed operators.
In response to these findings, German authorities have announced a crackdown on illegal gambling activities, with increased efforts to identify and shut down unlicensed operators. The government is also considering implementing stricter regulations and penalties for those found to be engaging in illegal gambling activities.
Industry experts have warned that the black market for gambling in Germany is likely to continue to grow if not properly addressed, posing a threat to the country’s economy and public safety. They have called on lawmakers to take swift action to combat this issue and protect consumers from the dangers of unregulated gambling.
In the meantime, German citizens are being urged to only engage in gambling activities with licensed and regulated operators, in order to ensure their own safety and support the country’s legal gambling industry. With the government’s increased focus on cracking down on the black market, it is hoped that illegal gambling activities will soon be brought under control and regulated in a way that benefits both consumers and the economy.
