Gambling Winnings Tax In The UK How much do you owe the taxman after that big win? The answer is 0%! Casino players based in the United Kingdom do not have to pay any tax on their winnings, no matter the size of the win. This means that you do not need to pay tax on anything you win. The UK Government does care if you win £1 or £100 million. It doesn’t matter if you win at football betting sites in the UK or pocket your prizes via a lottery. UK players do not pay tax on their gambling winnings to the tax authority, HMRC (Her Majesty’s Revenue and Customs). In short for the customer there is no tax to pay on either bets or any subsequent winnings in the UK. If you are not based in the UK you may be liable for tax in your own jurisdiction if you take any winnings back to that teritory, you are advised to check in advance. The short, simple and wonderfully sweet answer is that no, there is no tax at all to pay on either gambling winnings or stakes in the UK (if you are not based in the UK please check your local jurisdiction). This is a stark contrast to how the UK, Australia, New Zealand, and some other countries approach taxing casinos. Even Canada doesn’t tax gambling winnings, making it a desirable destination for American gamblers. On the other hand, France has a 2% tax on poker winnings. In the Netherlands, you will pay 29% on all winnings above €454. The tax-free status of gambling in the UK has not always been in place, however, and until relatively recently punters did have to pay tax on their bets/winnings. Betting shops were legalised in the UK in the 1960s and from then until 2001 there was a 9% tax levied against bettors. Well, good news: when it comes to UK-based gamblers, there is no tax to pay on your winnings – even if you win a million pounds. The position with tax has changed several times over the past 20 years or so but punters have been exempt from paying tax for a long time now, with the tax burden falling on the bookies and betting sites instead. No, gambling is tax free in the UK. While players in some countries such as the USA, France, and Macau have to deal with gambling taxes between 1% and 25%, bettors in the United Kingdom have the privilege of keeping the entirety of their winnings. Although any winnings gained from gambling be it online, in a high street bookmaker or in a casino, are exempt from tax in the UK, you may be in a situation where some interest earned on those winnings whilst they are in a bank account, savings account, trust fund or bond will be taxable. The short answer is no—your gambling winnings aren’t taxable, at least in the UK. Here you won’t have to pay taxes on any of your winnings or stakes. It doesn’t matter if you’ve won £100 or £1 million. This applies to all types of gambling—from bingo, to slots, to lotteries, and even horse racing.
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