The German state of Schleswig-Holstein today passed legislation to legalize and regulate online poker.
It is the first German state to do so and the online gaming industry now hopes the other 15 states in the country will follow suit and incorporate the law into their statute books.
There will be an unlimited number of licenses issued in the state and tax will be levied at 20 percent of gross profits, which is not overly burdening to operators and offers a decent margin to work within.
The legislation was supported by PokerStars whom will certainly move in heavily on the new market.
The biggest question is wether licensed operators with the legalised state can take bets from German Nationals outside that state and how the mechanism would work for this.
It will now be very interesting with the other 15 states in Germany to also legalise Online Poker now the ressure has been put on by Schleswig-Holstein.
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