Germans have access to slot machines and other online casinos games that you will typically see in Vulkan Vegas NZ. However, is sports betting a big thing in the country? Several interviews with German citizens reveal that they are looking for something.
A survey indicates that the most important factor for German gamers when choosing a sports betting agency is the number of sports and leagues. Many of these respondents love sports betting, but they are not the least bit interested in online gambling, particularly casino games.
The brand MySportwetten completed this survey to gain more insight into how their players feel about the sports betting market. They did the survey as part of their effort of bouncing back from the blow of the COVID-19 pandemic.
The survey was conducted only among the members of the MySportwetten community. The brand has more than 11,000 users in Facebook, but the number of survey participants was not disclosed. This is not to say that there is not enough leagues or sports in the existing German playbooks. It just goes to show that this is important to them.
The second on the list is an acceptable cash-out system or process. This includes processes such as the ease of cashing out their winnings. The third is having competitive odds.
The next three most important, according to the survey, are as follows:
- Trust in the bookmaker
- The gaming experience through the app
- Absence of betting tax
Why was the tax included? Back in July 2012, German players on sports betting sites had to pay 5% tax on every bet they make. To circumvent this, there are some bookies that do not charge this tax and instead gives the players a sports bonus. Then the tax is paid for by the bookies on behalf of the player.
The survey was not exclusive to what players deem important. The survey also asked the players what things about online gaming do not interest them. Naturally, the participants said that gambling on other games, like slots and table games, was not part of their interest.
This should not come as a surprise. Many of the participants were there only because MySportwetten is primarily a sports betting site and a casino second.
Meanwhile, the UK Gambling Commission noted that there is a notable recovery in the sports betting sector despite the COVID-19 crisis. The data set comes from the largest online operator called YouGov.
This positive surge is brought about by the return of five sports. The sports betting increased by 64% from April to May, and the UKGC has shown that gambling participation has been consistent between April and June.
From June 28 onwards, the UKGC has noticed that there was a rise of 5% in gambling participation, which is a testament that players are now coming back to because elite-level sports are now back in operations. The Premier League Football is one of these sports that the UKGC is referring to.
Without the real-event sports in place, sports betting would have continued its descent, with virtual sports its only potential source of revenue.
Despite this, there is still a decrease in the number of players for the live events—and COVID-19 is the obvious culprit.
Revenues are up, but the player count is lower than the usual. Even real event sports betting has not increased in the player count because of the crisis, even if the revenue was up by 13%.
Based on studies, the active player count has decreased by 1.2% between April and May. The active players, however, increased their bets, and this has increased the revenue by 13%. It is a widely accepted fact that betting activity has come to a decline because of the pandemic.
Virtual sports have also taken a hit. As the real-event came back into action, bettors shifted their wagers from virtual games to real events. At the height of the pandemic, there was no other choice for gamers but to bet on virtual sports.
During the same period, the number of online casino players dropped by 4%. Online poker took a bigger hit as the number of players dropped by 11%.
In conclusion, the UKGC stated that online gambling and sports betting on kiosks had seen a fall. The decreases may be relatively small, but still had an impact on online gaming revenues. Virtual betting, however, has seen a spike both because of the pandemic and the Virtual Grand National that happened sometime in April. To read more on topics like this, check out the blog category.