AW promotion. Almost every Polish casino offers online betting. The industry is regulated in great detail and we are going to show you how this system works
Poland has a surprisingly large betting industry that, according to unofficial estimates, attracts hundreds of thousands of gamblers a month. A typical online casino is able to attract many players because it is extremely versatile. hundreds of games available 24/7 as well as all types of betting lines.
You can bet on virtually any sport, including major athletics competitions. However, many fans of this sport are still not sure how it all works. Is it legal to bet on athletics? Who regulates the market? We aim to answer these and several other questions in the upcoming sections.
Is sports betting legal in Poland?
The first question is fundamental because you need to know if you can really bet on sports. The simplest answer is: Yes, you certainly can. All you have to do is visit online casino – Online casino in Poland – choose your betting provider, register and start placing bets. There is a whole list of reputable online casinos in the country based on iGaming Comparator, a unique casino quality rating system, so you can quickly find a legitimate site.
This is possible thanks to the Polish Gambling Act, a legal framework that regulates the entire industry in this Central European country. Based on this document, online betting providers are allowed to operate if they fulfill the following conditions:
– Data storage and archiving
– Site domain
– Data reconstruction and integrity
Most importantly, each entity must allow the National Revenue Board to freely access their data. And it’s not just the ability to access the data, but the NRA must have the ability to search, filter, and print information.
Taxes related to betting
The second most important aspect of the story has to do with taxation. How does Poland tax casino games and betting?
First, they introduce a so-called betting tax (or turnover tax). In this case, players have to pay 12% of the total bet (i.e. staked money) for literally every bet they place. This is the responsibility of the bookmaker. they must deduct this portion of the total before calculating your winnings, if any. In short, the player is the one who pays this tax when placing the bet.
Second, there’s this thing called the Big Wins Tax. The term itself is pretty self-explanatory because you will be taxed if you win big. But what is the big win in Poland? In this country, every winning above PLN 2,280 (or approximately $550) is subject to taxation; you must pay an additional 10% tax on these large winnings. This tax is deducted from the payment by the operator itself before payment is made. All this is done based on the rules established by the Republic of Armenia Department of National Revenue.
Final thoughts. The bet is legal but expensive
As you can see, sports betting in Poland is completely safe and legal if you visit a legitimate bookmaker or online casino. On the other hand, the country is probably trying to discourage some players by introducing a rather strict tax policy. From our point of view, this does not change the fact that betting on athletics is very interesting and potentially profitable. What do you think about it?
The post Online casino regulations in Poland. What sports bettors need to know about athletics betting appeared first AW:.
