Is there any betting tax at Bwin and how it is calculated?

how is bonus tax calculated

Since Bwin is an international company with thousands of customers worldwide, please search for the betting and gambling laws of your country for 2015. You could also try to contact the official authorities in order to fully understand the existing terms so that you will not have to experience tax problems. For example, if you have won a certain amount of money playing poker on the Bwin poker tables, you should not hesitate to call the support team or search for the tax that will be charged on your gross profit. That way you will not only be able to calculate what your net profit will be but also you will be familiar with the tax rates in your state without having to interact with the heavy administration. An excellent example is when in 2012 the government of Germany voted a new Lottery and Gambling law. This reflected very bad both on the bookmakers and the german market. Customers from Germany who wanted to place bets on sports or just to have fun in the Casino or Poker sections were confused and were not acquainted what was happening in their player accounts. Thus, 2012 was said to be the year when betting providers changed entirely their betting tax policies. The Bwin Party would like to inform its current and new clients that the client support team is at their disposal if there are any unclarities regarding tax and gambling laws.

An exemplary explanation of the betting tax

The bookmaker belongs to a large group of sports bookmakers that share the taxes with their customers. The leader Bet365, for example, operates the same way. Bwin charges only the winning tickets, whereas covers completely the taxes of the others all by itself.

Reasons to place bets at Bwin that speak for themselves

The Bwin party alone stands for tradition and reliability. The Electra Works Limited, which is responsible for the platform, is registered and licensed in Gibraltar. The Bwin party holding is one of the

most financially strong online bookmakers.

A massive positive impact on the company’s rating has the policy towards new customers’ bonuses. The Austrian bookie is the only online bookmaker that doesn’t mention minimum odds in the bonus conditions. Currently, no other company on the market can shine which such an offer. Furthermore, bonus periods are very generous and must be met within a year. In comparison, the only other online bookmaker that can withstand Bwin’s offer is Tipico, which currently doesn’t require any time limits. In summary, however, the Bwin Bonus is with 50 Euro behind the top players from Bet365 and Tipico, which offer twice the sum at the start.

Betting at the Austrians is very satisfying with customers having the option to choose from a portfolio of 30,000 bets every day. The offer is confident in width and depth. A very high priority has the Live Betting section which is topped only by Bet365. The range of real-time betting includes main sports such as soccer, tennis, volleyball, handball and basketball and exotic ones such as badminton, darts and snooker. The Live Center is spiced up by numerous stream transmissions which are available around the clock. In this sector, Bwin has much more to offer to its customers than most sports channels on TV in 2014. Football matches of the German Bundesliga and the Spanish La Liga enjoy almost a cult status on weekends although, for legal reasons, in some states, the bookmaker could encounter problems broadcasting them.

The horse racing sector has experienced a huge boom in recent months with the company firmly establishing itself as the number one bookmaker on the market. Races are also transmitted live. In this case, however, live streaming isn’t exactly free, because a small bet is required to be placed on the race before it starts. With the success of horse races, greyhound racing is also moved into the betting portfolio. However, this section is more for the lucky or absolute professionals upon the Bwin customers.


Category: Taxes

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