Sports betting: Are betting winnings tax-free?

Germans bet a staggering 9.3 billion euros on sporting events in 2019. This means that betting stakes have more than doubled within five years, according to Statista. Commercial sports betting providers such as Bwin, Bet365, tipico, Interwetten and Admiralbet are the main beneficiaries of this trend. The state sports betting Oddset has a significantly smaller market share and the conclusion of Oddset bets is currently also only possible in 9 of 16 federal states.

Continue reading “Sports betting: Are betting winnings tax-free?”