When it comes to money, the government likes to get involved because it wants to get some of the money too. But what exactly are the tax rules for gambling?
You do not have to pay taxes in German-speaking countries. As a professional poker player, things are different, but with casino games and slot machines, the winnings are tax-free without exception. It does not matter whether it is a casino or an online casino.
However, according to the new gambling regulations, online casinos have to pay 5.3% tax on all bets made by players. The casinos pass these taxes on to players by reducing winnings. But at the same time, there are still online casinos with no taxes.
What to do if you win big at the casino?
Winning big is the dream of many players. But when you win a big chunk – maybe even over a million euros – you can make a whole series of mistakes.
To make it easier to get rich, we have written a guide to winning big at casinos.
Problems with online casinos
Account verification is unpopular. Uploading copies of documents such as ID and proof of address is a nagging problem. Unfortunately, this is all necessary to keep players’ security high. This is to prevent fraud (also at the expense of players). Casinos without verification are a utopia.
Slow payouts
Poor customer service that does not answer our questions effectively
Outrageously high wagering requirements for the bonus or other unfair bonus conditions
Lack of measures to promote responsible gambling.
Of course, an online casino also needs a state license and a good reputation, because there are also gambling providers who unscrupulously rip us players off (see blacklist). We have written about reputable online casinos on how you can recognize trustworthy providers.