I won 500 euros and dont know what to do before spending the money ...

[MichaelTaylor]

I'm new to online betting, but I won 500 euros in an online game.

It might not seem like much to many people, but for me it's a significant amount. Does anyone know if I have to declare this winnings to the tax authorities in any way, or is it something that goes unchecked?

[cocopop3011]

7 hours ago, MichaelTaylor said:

I'm new to online betting, but I won 500 euros in an online game.

It might not seem like much to many people, but for me it's a significant amount. Does anyone know if I have to declare this winnings to the tax authorities in any way, or is it something that goes unchecked?

Hi and welcome to the forum - it will depend on the rules in your country to be honest. 

[Afi4wins]

@MichaelTaylor Hi there.

Firstly, we need to know from which country you are playing from, because different countries have different regulations regarding taxes on winnings.

And of course, before you can make a withdrawal from any casino, you need to go through their KYC (Know Your Customer) approval process first. Different casinos have slightly different requirements on this, and so again, we need to know which casino you made that 500 EUR winning from.

Then someone here may be able to give more specific help and advice for you.