European Friendly Sportsbook

Due to increasing legality of sports betting across Europe, and since some of the most expansive online sports book websites do business there, online sports betting continues to grow. The number of people placing sports bets online increases yearly across many of the European nations.

What Are The Best Sites For Betting On Sports in Europe?

In order to understand the laws more easily and to make claiming wins on your taxes less complicated, you might prefer to place your bets on a sports book site that exists as a legal entity in your own country. Before you get started with your first deposit, fully researched all the local laws regarding online gambling. There are many booking sites that are run and regulated by the specific countries, which may afford more security for your deposits and personal information.

As long as you review all of these safety precautions and privacy guidelines of a particular site, the choice then comes down to finding the sports betting web sites that offer the games and types of bets that you are most interested in. With all of the promotions that offer or substantial betting bonuses or free money added to your account when you make a deposit, it is beneficial for you to search around to find the absolute best deal possible. This will depend largely on how much you have to wager and how experienced you are in the sports betting world.

The European online sportsbook industry grows considerably every year. This not only benefits new markets who are hungry for their sports betting action, but also increase competition and help local governments through increased revenue and taxation.

Best European Deposit Methods for Sports Betting

The most well-known and respected deposit processing programs for sports bettors in Europe are Neteller and MoneyBookers. Both of these companies have a history of serving the international community honestly and securely for all their deposit and withdrawal needs. The vast majority of the sports betting sites also take credit cards, which is perhaps the fastest way of funding. The largest European bookmakers offer multiple methods of funding your account, including direct bank transfers and money wires, in order to facilitate your quick and easy sports betting action.

Sports Betting Laws in Europe

No matter where you decide to gamble online, you should be aware of the particular laws of the country you live in and the one in which the casino exists. Review the following information about the legalities of online sports betting in some of the major European nations.

The United Kingdom: Not only is all online sports betting legal across the United Kingdom, the winners do not have to pay taxes on the amount they withdraw. This goes for all other types of gambling as well.

France: In the past, France has only a loud state-run gambling establishments, but the government has now allowed sportsbook in sites from other European Union countries to offer gambling as well. While most online betting methods are legal, betting exchanges are still forbidden. Winners do not have to pay taxes on the money they take home unless they file their taxes stating they are a professional gambler or sports bettor. Since the winnings make up the total income of these individuals, they must pay taxes like any other industry workers.

Italy: Italian citizens also do not need to pay taxes on any online gambling winnings. This is the mother country who has recently moved away from state-run establishments only and has opened the industry to major European sportsbooks.

Germany: In the recent past, all sports betting in Germany was illegal. However, they have recently joined the rest of the European Union in allowing regulated sports bookmakers to do business there. Germany does collect a 5% tax on all gambling income.

Sweden and Norway: The Scandinavian countries offer both European Union sports betting opportunities and state-run sites, which are only available to the citizens of Sweden and Norway. Gamblers who use EU sites to place their wagers can enjoy it not having to pay tax on their winnings, but a 30% tax is collected four wins outside of Europe.

Spain: While all sports betting websites are illegally accepted in Spain, the amount people win will be subject to a 10% to 30% tax. The amount required to pay depends upon the type of bets that are being placed.

Greece: A tax of 10% on all gambling wins must be paid in Greece. Sports betting and other gambling sites online have only recently become legal in this country. People living or playing in other countries in Europe should always check local laws to make sure their sports betting practices are completely legal. Many of the European countries are regulating online sports betting and allowing people to gamble conveniently online.