Gambling In Spain

Spain Gambling Tax

Deposit and withdrawal methods used in Spain

In 2002, concerning online gambling, the Spanish government began the process of regulating and legalizing the online gaming activity, and this process is continuing till the present day. However, in later days the Spanish government ignored the calls of European commission in opening the gambling market. Spanish casinos welcome players from all over the world, and hence there are numerous payment methods that they offer to its customers. The most popular payment methods are Visa, Neteller, Moneybookers, EntroPay, UKash, ECOCard, Click2Pay, Master Card and of course Citadel Direct. Let us have a look at few online gambling payment methods of Spanish casinos as follows.

900Pay: With this payment method, you can make instant transfer to your account, this is actually an easy method and doesn’t charge any extra fee for its service.

QuickTender: This is an easy to use payment methods that accepts cash as well as credit cards. To know more about this payment method, you can check it from relevant Spanish casino where you are going to play.

Epassporte: This is an internet eWallet system very similar to Visa card. There is no fees or charges associated to the service provided by Epassporte.

Gambling taxes in Spain

The owners of the casinos in Spain must bear taxes from about 20 to 25% on the profits received by the casinos by offering services to its customers. Nevertheless, prior to the gaming licenses provided to the casinos, there were retroactive taxes that were to e paid by the customers or gamblers using the Spanish casinos. The casinos are supposed to use a formula in order to determine the tax, net income, along with the commissions. In addition, there is also admission fees associated with the gambling in Spain.

Legality of gambling in Casinos

All the gambling activities in Spain are 12 legalized and hence the players can have fun with any of their favorite gambling activities. In the year 1977, Spain legalized its gambling activities, and in the year 1981 it legalized the gambling activities based in pure luck. The legal age of players to be allowed to gamble is 18 years, below that if players gamble they will have to bear serious punishments. The most popular games in Spain are dominoes and card games, and Spanish people love to watch and bet at the cockfighting games.