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Sports betting in general: High amount won at Tipico

Topic created on 23rd Sep. 2019 | Page: 1 of 4 | Answers: 39 | Views: 29,334
tobinho1899
Amateur

High amount won at Tipico

23rd Sep. 2019, at 08:06 am CEST#1
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Hello,

i have won a higher amount at Tipico( Just under 59.000€) do I have to pay attention to anything when transferring the money? Do I have to report something to the tax office etc? What if my bank has inquiries where the money comes from? Can I declare sports betting?


Greetings

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Simbda
Top Member

High amount won at Tipico

23rd Sep. 2019, at 08:41 am CEST#2
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As far as I know, that's up to you. Whether you declare it. Or are wins not tax-free?

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Rebelllady26
Experienced

High amount won at Tipico

23rd Sep. 2019, at 08:49 am CEST#3
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Sports betting is taxable, I believe. Online Casinos are tax free. Correct me if I am wrong now

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tobinho1899
Amateur

High amount won at Tipico

23rd Sep. 2019, at 08:53 am CEST#4
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Okay, but what if the bank asks, they are not stupid, if it says payout from tipico. may they take my money away, because it comes from sports betting not or? Sorry for the stupid questions but am really excited at the sum

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Rebelllady26
Experienced

High amount won at Tipico

23rd Sep. 2019, at 08:56 am CEST#5
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tobinho1899 wrote on 23/09/2019 at 08:53: Okay, but what if the bank inquires, they are not stupid, if it says payout from tipico. may they take away my money then, since it comes from sports betting not or? Sorry for the stupid questions but am really excited at the sum

You, I would be excited too. 😂🤣 Maybe you ask at Tipico? They need to know. I think they also have to point something like that out to you.

Congratulations on your win. Let it crack, but so right

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S****8

High amount won at Tipico

23rd Sep. 2019, at 09:01 am CEST#6
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Congratulations on the win !

So online casino I would not specify ...if you read here so what the banks think of it.

Sports betting is ok...especially since Tipico in DE even has branches where you can play.

So always specify sports betting, if bank asks

And never play again ...such a win comes only once ...

May ask how high the stakes were and what you played ?

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G****e

High amount won at Tipico

23rd Sep. 2019, at 09:05 am CEST#7
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Congratulations. Specify sports betting. Nothing happens. With a bill or how did you land the dough? 😁💪💪

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tobinho1899
Amateur

High amount won at Tipico

23rd Sep. 2019, at 09:06 am CEST#8
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Hi, yes Tipico has only told me that I have to inform myself whether I have to report it or not. So I have a total of 16.00 € used and in the certificate I always had per game 2 results. So had 6 Bundesliga results correctly was a total quota of 213.000

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tobinho1899
Amateur

High amount won at Tipico

23rd Sep. 2019, at 09:07 am CEST#9
1 Like

Liked this post: Avatar von pawel_008 pawel_008
is also on the tipico since among the top winners

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Anonym

High amount won at Tipico

23rd Sep. 2019, at 09:12 am CEST#10
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In principle, I'm glad I've never been in such a situation. Imagine winning so much and then the money is blocked, confiscated or something else. A nightmare. The quick search on the net has brought the following result:

"To be absolutely sure that the Online - Betting are allowed, you can choose a Provider that is proven to pay the tax levies. These include Tipico, Bet365 and Interwetten, among others."

Furthermore, I found that the providers have to pay 5% taxes of the betting turnover. So I guess you don't have to pay capital gains tax.

What is also cool is that sports betting on the Internet is mostly legal. Playing slots, on the other hand, is illegal gambling. It's all a bit silly, isn't it???

I don't know if the nosy guys at the bank ask any questions when they receive money like this. Normally the Heinis have straight with the people banks and savings banks everywhere faster the nose in it than one guckn can.

Can you actually transfer the money in one go??? They normally have monthly limits, don't they?

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