By EWN • 02 March 2022 • 12:14
Sports betting continues to grow in popularity. Countries across the world have either legalized sports betting or are planning to do so shortly, but what is the state of affairs in Europe? And how will it affect your winning chances?
European countries are often in agreement. Still, when it comes to sports betting and online gambling, every country has its own stance on the matter. It can be confusing if you are looking to bet in another European country. Find out the regulatory differences between the European countries.
A lot of people think that the European Union has a much bigger influence on the member states than it has. When it comes to sports betting and online gambling, the EU has no wish to interfere with the laws of its member states, not as long as they comply with the fundamental freedoms established under the treaty on the Functioning of the European Union. For example, the freedom to open a business in another EU country.
Each country in the EU is an autonomous state. For this reason, the sports betting laws can differ quite a lot from country to country. In some European countries, a monopolistic sports betting operation has been established. Usually, it is either state-controlled or operated by a private sector with an exclusive right. Other countries, however, have established licensing systems that allow several private operators to offer sports betting at the same time. The number of countries enforcing a licensing system is growing.
As a bettor, you probably won’t notice if the betting site you are using is operated by a monopolistic sports betting site or a licensed betting site. Both are regulated and safe to use. However, the competition between the licensed betting sites may influence your chances of winning a big reward. More licensed operators mean more competition which is to your benefit. They will all compete to attract bettors, and they will have to steal bettors from each other by offering bigger rewards. They also have to offer bets on many different sports. You can read tips for upcoming matches in your favorite sports and start betting yourself.
Yet, 25 out of 29 European countries have established a licensing system. 21 of these countries have a multi-licensed system, while 4 have a mixed licensing system with a monopoly on either sports betting or casino gambling. The only countries in Europe that still retain an exclusive state-owned monopoly for all online gambling, including sports betting, are Norway and Finland. This means that most Europeans can benefit from the competitive field of sports betting. As sports betting is growing more and more popular, more Europeans may follow suit and either legalize sports betting or move to a multi-licensed system. Read European sports news to keep an eye on any changes within sports betting legislation.
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