Europe’s Varying Taxation on Sports Betting

Norway

In Norway, a 5.3% betting tax is imposed on both online and land-based sports betting providers. The tax is separate from amusement and sales taxes. However, players are not required to declare or pay taxes on their winnings unless they are professional gamblers.

Austria

There is no taxation on sports betting for providers in Austria, as it is not classified as gambling. Additionally, players are not taxed on their winnings.

Switzerland

In Switzerland, players are taxed on sports betting winnings exceeding 1,000 Swiss Francs annually. Accurate documentation is mandatory to facilitate tax reporting.

United Kingdom

The UK has a complex taxation system for remote and pool betting, with rates ranging from 15% to 21%. Efforts are underway to simplify the taxation structure.

Italy

Providers in Italy face a high 24% betting tax, leading to potentially lower odds for players. However, players are not taxed on their sports betting winnings.

Spain

Spain imposes a 20% tax on sports betting. This rate was reduced from 25% in recent years.

Latvia

Starting January 1, Latvia will implement a 20% gambling tax, including on sports betting, aligning with the country’s overall tax adjustments.

Conclusion

The disparity in sports betting taxation across Europe has implications for both providers and players. While some countries have reduced taxes in recent years, others have increased them. The European gambling market may see further changes in the future.