At this time, Betano does not apply any taxes or withholdings on winnings generated within the platform. This applies to both Sports Betting prizes and Casino winnings.
What This Means for You
When you win a bet or a Casino prize, the full amount is credited directly to your Betano account:
- No deductions: You receive 100% of your net winnings credited to your account.
- No withholdings: No tax percentage is deducted when your winning bets are settled.
- Tax-free withdrawals: Once your verification requirements are met, you can withdraw your available balance with no tax charges applied by Betano.
Could This Change in the Future?
Betano operates under the current legal framework of the jurisdiction where it is licensed. If local legislation were to establish new taxes applicable to gambling, Betano will:
- Adapt its processes to comply with the new regulations.
- Notify you in advance of any changes that may affect your winnings.
- Explain in detail how withholdings would be applied and update this Help Center section accordingly.