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Stats on the Monopolies

It’s been no secret that the online casino gambling and betting monopolies are not a fan of competition – countries like Sweden and Germany offered their gamblers some of the worst odds in the world on the recent World Cup betting. This is news has been previously covered, but now that all of the data has been complied just how bad those odds were is actually shocking. Germany took home the prize as the worst betting monopoly in the world with German bettors at the online casinos taking home a whopping 38 percent less than bettors in the liberalized European markets.

This is a huge difference in the marketplace and a key argument that the online casino use when arguing that the European Commission needs to take more aggressive steps toward leveling the playing field in Europe. Over the past several years the Commission has successfully worked with the French market, Italy, Greece, Denmark and others to create more open regulations that allow foreign online casinos competition within the state market rather than the non-competitive marketplace of a state-run gambling monopoly. Some of these countries are further along than others and the World Cup results could actually force some countries to stick to their liberalization plans just a bit more.

State monopolies, on average, offered worse odds by 32 percent than their competitors in the open marketplace. This proves that an open market is far bettor for the online casino bettors themselves; the state-monopolies already know that competition though means offering more competitive odds – which means less money. In order to open these markets the European nations are looking at an entirely new regulatory and taxation structure for their countries, something that takes time and a lot of approval before implementation. The statistics show some pretty alarming trends though in these state-run monopolies…they are not in it for the welfare of the players, they are raking in the dough by not competing with any other European gambling groups.