European laws: changing the online gambling world
According to the European Gaming & Betting Association, online gambling has had steady growth over the last several years. From a market share of €22.2 billion in 2018, it’s set to reach €29 billion in 2022.
The German legislators realized this and decided to respond. Their idea is to implement a general national license for providing online gambling in this country. It’s something Germany will implement in July 2021 since everything is ready to go.
Schleswig-Holstein is the only state that providers can operate from in entire Germany. However, the national government managed to get all states on board to sign the German Interstate Treaty on Gambling – ISTG 2021.
According to details, ISTG will offer a licensing regime that operators can acquire for providing online poker, slot machines, and sports betting. This will lift all bans on playing web-based poker and slot games in this country.
Here is an overview of what ISTG will change:
Advertising – internet gaming platforms can advertise from 9 PM to 6 AM. Other conditions include that no ads can target minors or claim to resolve someone’s financial problems.
Slots – each spin will have to last at least five seconds. The maximum wager per spin is €1, which could lead to jackpot restrictions.
Accounts – operators should confirm the identity of every player. That means ensuring they are of legal age and allowed to play online casino games.
Sports betting – you can wager on events in session, but also before a match begins.
As for the current providers who don’t operate from Germany, they will have to adjust their platforms to new regulations. The experts believe they can continue operating as long as they accommodate fresh rules.
While Germany tries to maximize its national benefit from this growth of online gambling, Norway seems to go down a different road. Some reports indicate an increase in online gambling of 62% in this country. Their government doesn’t see that as a good thing.
Norwegian gambling laws are already strict, and they plan to continue tightening them. Despite that, more than 50% of the total income leaves this country. Norway plans to act by putting the gaming industry under control. According to reports, they’ll adopt a licensing model to increase the revenue portion that stays in this country. The national government will also continue running campaigns that demotivate gambling.
Although Great Britain has left the European Union, it’s still interesting to see how they are changing gaming regulations.
Banning all “immediate stop” or “turbo play” features that accelerate play on slot machines or provide an illusion of control to a player.
Putting a restriction for a single spin to a minimum of 2.5 seconds.
Banning an automatic play option – players have to press the “Start” button to initiate each spin.
No images or sounds that present as a win the sum that is below or equal to the wagered amount.
Banning option to play multiple slot machines simultaneously.
These have some similarities with the EU’s ideas to protect players while assuming control over the market and promoting responsible gambling.
Responsible Gambling
Educate yourself about problem gambling!
The aim is to enable people to make informed decisions about their participation in gambling and, if harm has occurred, to provide access to gambling help services.
Gambling should be a part of your social life without dominating it. Responsible gambling is about making it a positive and enjoyable experience.
Gambling is not the answer to any problem