Taxation of sports betting
Important information for all customers with domicile in Germany:
Taxation on sports betting
An updated version of the Betting and Lotteries Act came into force on 01.07.2021, as is evident in our General Terms and Conditions.
All sporting bets placed by customers who are domiciled or have their usual place of residence in Germany are subject to a taxation of 5,3 % from 01.07.2021 onwards.
Bets in Slots are not included in this new regulation.
Interwetten, as all other providers, is obliged mandatorily to remit 5,3 % of the bets placed directly to the competent tax authorities. In view of our low profit margin, we will be able to bear this tax burden only if we pass on this additional cost to our customers, at least partially. We have therefore worked out a fair solution, which still allows the customer enjoy the sport.
Betting is our sport – a fair solution for Interwetten customers
For over 30 years, we have felt obliged to provide our customers with excellent rates, quick disbursements and a maximum of player protection. A standardized deduction of taxes from your bet to cover our costs, is not possible.
We reserve the right to retain a share of 5,3 % of your profits, as a special accommodating gesture towards Interwetten customers. That means:
We take the liberty, only if you win the bet, to split a minimal amount with you to cover the tax burden. If you do not win, we will bear the tax burden alone.
In future, your betting card and your bank statement will show all profits minus the tax amount collected. Otherwise, nothing changes for you – not our rates, our service nor our sporting spirit!
We hope you continue to enjoy our vast range of sporting and live bets. Please contact us in case of any queries.
Your Interwetten-Team
Taxation on sports betting
An updated version of the Betting and Lotteries Act came into force on 01.07.2021, as is evident in our General Terms and Conditions.
All sporting bets placed by customers who are domiciled or have their usual place of residence in Germany are subject to a taxation of 5,3 % from 01.07.2021 onwards.
Bets in Slots are not included in this new regulation.
Interwetten, as all other providers, is obliged mandatorily to remit 5,3 % of the bets placed directly to the competent tax authorities. In view of our low profit margin, we will be able to bear this tax burden only if we pass on this additional cost to our customers, at least partially. We have therefore worked out a fair solution, which still allows the customer enjoy the sport.
Betting is our sport – a fair solution for Interwetten customers
For over 30 years, we have felt obliged to provide our customers with excellent rates, quick disbursements and a maximum of player protection. A standardized deduction of taxes from your bet to cover our costs, is not possible.
We reserve the right to retain a share of 5,3 % of your profits, as a special accommodating gesture towards Interwetten customers. That means:
We take the liberty, only if you win the bet, to split a minimal amount with you to cover the tax burden. If you do not win, we will bear the tax burden alone.
In future, your betting card and your bank statement will show all profits minus the tax amount collected. Otherwise, nothing changes for you – not our rates, our service nor our sporting spirit!
We hope you continue to enjoy our vast range of sporting and live bets. Please contact us in case of any queries.
Your Interwetten-Team