Are Bet Winnings Tax-Free?

Betting FAQ

  • Are Professional Gamblers Taxed?

    No. Neither professional nor amateur gamblers are taxed. The UK government does not make a distinction between amateur and professional gambling. Any profits you make from gambling won't be taxed.

  • Can You Still Play on Off-Shore Sites?

    Yes. Many online gambling sites that are registered to operate in the UK are based off-shore. UK players can still play tax-free on these gambling sites, as long as they are registered in the UK. If you play on an unregistered gambling site, then your gambling winnings may be subject to taxes.

  • Is Gambling Income Taxable?

    It is not taxable in the UK. Even if you consider yourself a professional gambler, your earnings from gambling won’t be taxed. This is true no matter what form of gambling you earn your money from. Be it blackjack, sports betting, etc.

  • Can you Deduct Your Gambling Losses from your Taxes?

    No. In the same vein that your gambling winnings aren’t taxable, your gambling losses aren’t deductible either.

  • Do you Need to Declare Winnings?

    Yes. You are required to declare winnings even if you will not be taxed. It has to be declared on your annual tax return.

  • Are Lottery Winnings Taxed?

    Lottery winnings are not taxed in the UK.

  • Is there a cap before your gambling winnings are taxed in the UK?

    No. No matter how much you win in the UK, your gambling winnings are not taxable.

  • Which Countries in the UK won’t tax my winnings?

    Every country in the UK does not tax gambling winnings. This includes England, Scotland, Wales, and Northern Ireland. If you live in those countries, your gambling winnings will not be taxed. As long as you win from a gambling-related industry such as betting, casino gaming, sports bets, and more.