Sports, Fantasy Sports and Virtuals
Updated with effect from 13/10/2022
bet365 covers any tax costs incurred from winning Sports, Fantasy Sports and Virtuals bets for eligible customers, meaning no deductions are made on the winnings of eligible customers (your bet slip will confirm whether your tax will be paid by bet365). This will be done automatically at the time of bet settlement and will ensure you receive the total value of returns from your bets in cash.
For information, a breakdown of the tax rates can be found below.
Tax deductions are calculated on the winnings of each individual bet slip. A bet slip may include one or more bets placed at the same time. Winnings will be broken down into financial bands and tax will be applied in accordance with the relevant percentage for each band based on the following scale:
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0% tax on winnings up to and including €100
-
2.5% tax on winnings from €100.01 to €200
-
5% tax on winnings from €200.01 to €500 and
-
7.5% tax on winnings over €500
NB: bet365’s concession to cover the cost of your taxes on Sports, Fantasy Sports and Virtuals is applied at our discretion and we reserve the right to amend, withdraw or change eligibility at any time.
Examples
a) If you place a winning bet of €100 with odds of 1.90, the bet will return €190 in total. Your winnings are €90 and as your winnings are less than €100 no tax is due.
b) If you place a winning bet of €100 with odds of 2.50, the bet will return €250 in total. Your winnings are €150, and the tax is due as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€200 | €50 | 2.50% | €1.25 |
Total tax payable is €1.25 and this will be covered by bet365, so you will receive total returns of €250
c) If you place a winning bet of €100 with odds of 9.00, the bet will return €900 in total. Your winnings are €800, and the tax due is as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€200 | €100 | 2.50% | €2.50 |
€200.01-€500 | €300 | 5% | €15 |
Over €500 | €300 | 7.50% | €22.50 |
Total tax payable is €40, and this will be covered by bet365, so you will receive total returns of €900
NB: bet365’s concession to cover the cost of your taxes on Sports, Fantasy Sports and Virtuals is applied at our discretion and we reserve the right to amend, withdraw or change eligibility at any time.
Football – 6 Scores Challenge
Updated with effect from 24/04/2023
bet365 covers any tax costs incurred from winning 6 Scores Challenge Prizes for eligible customers, meaning no deductions are made on the winnings of eligible customers. This will be done automatically at the time of settlement and will ensure you receive the total value of the prize in cash.
For information, a breakdown of the tax rates can be found below.
Tax deductions are calculated on the winnings of each individual Prize. Winnings will be broken down into financial bands and tax will be applied in accordance with the relevant percentage for each band based on the following scale:
-
0% tax on winnings up to and including €1000
-
20% tax on winnings over €1000
NB: bet365’s concession to cover the cost of your taxes on 6 Score Challenge Prizes is applied at our discretion and we reserve the right to amend, withdraw or change eligibility at any time.
Examples
a) If you receive winnings of €200, as your winnings are less than €1000 no tax is due.
b) If you receive winnings of €100,000, the tax is due as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€1000 | €0 | 0% | €0.00 |
€1000.01-€100,000 | €99,000 | 20% | €19,800.00 |
Total tax payable is €19,800 and this will be covered by bet365, so you will receive total returns of €100,000.
Gaming
Any winnings from a Gaming session (Casino, Live Casino or Games) will be taxed at the rates set out below. bet365 will cover the cost of the tax in the 15% band (i.e. on winnings between €100.01 and €500) and any tax due in this band will not be deducted from your winnings. Any required deductions will be made when your session has finished.
A session for the calculation of tax owed on winnings from Gaming starts from the moment you connect to the Central Information System (CIS) (i.e. from when you log into your account) and ends from the moment you disconnect from the Central Information System (i.e. until you log out of your account), and it shall last no longer than 24 hours.
Your winnings will be broken down into financial bands and the tax calculated will be based on the relevant percentage for each band using the following scale:
-
0% tax on winnings per session up to and including €100;
-
15% tax on winnings per session between €100.01 and €500. bet365 will cover the cost of the tax in the 15% band and any tax due will not be deducted from your winnings; and
-
20% tax on winnings per session over €500
Examples
a) If you stake €50 in a single session on roulette and return €150, your winnings are €100. As your winnings are less than €100 no tax is due.
b) If you stake €50 in a single session on roulette and return €450, your winnings are €400. Tax will be applied as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€ 0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €300 | 15% | €45.00 |
Total tax due is €45.00, and this will be covered by bet365 which means you will receive total returns of €450.
c) If you stake €100 in a single session on roulette and return €700, your winnings are €600. Tax will be applied as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €400 | 15% | €60.00 |
Over €500 | €100 | 20% | €20.00 |
Total tax due is €80.00, but bet365 will cover the tax due in the 15% tax band (€60), which means that you will only pay tax on the final €100 of winnings. This means you will receive total returns of €680
If at any point during a session your winnings meet the minimum amount where your overall winnings would be subject to a withholding tax deduction, the relevant tax will be deducted from your winnings as you continue to play during the session.
If your winnings for the session then decreases, the withholding tax amount is reduced and a proportion of tax previously deducted would be returned to your account, so the final deduction of tax reflects your winnings at the end of each session (as defined above).
Examples:
a) If you stake €100 in a single session on roulette and return €700, your winnings are €600. Tax will be applied as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €400 | 15% | €60.00 |
Over €500 | €100 | 20% | €20.00 |
Total tax due is €80.00, but bet365 will cover the tax due in the 15% tax band (€60), which means that you will only pay tax on the final €100 of winnings. This means you will receive total returns of €680
b) If in the same session you stake a further €60 on games and lose this amount, you would then have net winnings of €540. The applicable tax would be updated as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €400 | 15% | €60.00 |
Over €500 | €40 | 20% | €8.00 |
Total tax due is €68, but bet365 will cover the tax due in the 15% tax band (€60), which means that you will only pay tax on the final €40.00 of winnings, that is €8. This means that you will be returned €12 i.e. the difference between the original deduction of €20 and the revised liability of €8 following subsequent gambling activity.
NB: bet365’s concession to cover the cost of your taxes on a Gaming Session is applied at our discretion and we reserve the right to amend, withdraw or change eligibility at any time.
Poker
Any winnings from a Poker Cash Table or Poker Tournament session will be taxed at the rates set out below. Any required deductions will be made when your session has finished.
A session for the calculation of tax owed on winnings from Poker Cash Table starts from the moment you connect to the Central Information System (CIS) (i.e. from when you log into your account) and ends from the moment you disconnect from the Central Information System (i.e. until you log out of your account), and it shall last no longer than 24 hours. For Poker Tournaments, each tournament will be treated as a separate session for the calculation of tax owed on winnings.
Please note, Poker Cash Tables, Poker Tournaments and Gaming are taxed as separate products with separate sessions. Winnings from Poker Cash Tables do not count towards Poker Tournaments sessions or Gaming sessions and the associated taxes and winnings from Poker Tournaments or Gaming do not count towards Poker Cash Table sessions and the associated tax.
Your winnings will be broken down into financial bands and the tax calculated will be based on the relevant percentage for each band using the following scale:
-
0% tax paid on winnings per session up to and including €100; and
-
15% tax on winnings per session between €100.01 and €500; and
-
20% tax on winnings per session over €500
If at any point during a session your winnings meet the minimum amount where your overall winnings would be subject to a withholding tax deduction, the relevant tax will be deducted from your winnings as you continue to play during the session.
If your winnings for the session then decreases, the withholding tax amount is reduced and a proportion of tax previously deducted would be returned to your account, so the deduction of tax reflects your winnings at the end of each session (as defined above).
Examples:
a) Poker Cash Tables - You buy into a cash poker game for €10 and leave the table with a return of €180, i.e. net winnings of €170. Tax will be applied as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €70 | 15% | €10.50 |
Total tax due is €10.50 and is paid in full. This means you will receive net returns after tax of €159.50.
If in the same session you buy into a further cash poker game for €60, lose this amount and leave the table with €0, your net winnings would then be reduced to €110. The applicable tax would be updated as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-100 | €0 | 0% | €0.00 |
€100.01-€500 | €70 | 15% | €10.50 |
Total tax due is now €1.50. This means that you will be returned €9 i.e. the difference between the original deduction of €10.50 and the revised liability of €1.50 following the subsequent gambling activity.
b) Poker Tournaments - You register for a tournament for €10 and finish the tournament with a return of €180, i.e. net winnings of €170. Tax will be applied as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €70 | 15% | €10.50 |
Total tax due is €10.50 and is paid in full. This means you will receive net returns after tax of €159.50.
If you register for a further tournament for €60, lose this amount and finish the tournament in a position that returns €0, your net winnings would still be €170 in respect to the first tournament and €0 in respect to the second tournament, as for Poker Tournaments, each tournament will be treated as a separate session for the calculation of tax owed on winnings.
If, in the further tournament, you finish the tournament with a return of €500, your net winnings for the second tournament would be €440 and tax would be applied as follows:
Total Winnings | Taxable Winnings | Tax % | Tax Paid |
|---|---|---|---|
€0-€100 | €0 | 0% | €0.00 |
€100.01-€500 | €340 | 15% | €51.00 |
Total tax due for the second tournament is €51 and is paid in full. This means you will receive net returns after tax of €389 for the second tournament.
Winnings
Poker Cash Tables - Winnings will be treated as received when you leave the cash table.
Poker Tournaments - Winnings will be treated as received when you finish participating in a tournament or where you unregister from a tournament.