Technical article
WSB about gambling & taxes - When the tax authorities play along and when they don't
Crisis time is gambling time.
In 2023, the German tax authorities collected 2.48 billion euros from the taxation of lotteries, sports betting, online poker & co. That's 51.5 % more than ten years earlier!
Are you also trying your luck at gambling? If so, you'll be contributing so much tax to the state coffers:
🎲 Domestic lotteries:
20 % of the net game price
🎲 Sports and horse racing betting, online poker and virtual slot machines:
5.3 % of the net stake
If you hit the jackpot, you are even doubly lucky.
You are suddenly rich and don't have to share the windfall with your tax office - because gambling winnings are tax-free!
👉 As a new millionaire, do you need a few tax-saving investment tips? Feel free to contact us. We will be happy to assist you and help you with your tax questions and concerns: www.wsb-berater.com/leistungen
#Gambling #Taxes #Jackpot #Finance #Tax knowledge #WSB