Sports Book

TAXATION SPORTS BOOK

According to the law 4141/2013 (Official Gazette published A' 81) our Players’ net profits are subject to the following tax rates per column:

· Tax-free (Tax 0%): column net profits up to 100 euros

· Tax 15%: column net profit from 100.01 to 500 euros (The tax is charged on the profits which exceed 100 euros per column)

· Tax 20%: column net profit from 500.01 euros or more (The tax is charged on the profits which exceed 500.01 euros per column)

Only if your net winnings are subject to taxation, this option will appear under your slip.

Note: The column value in OPAP S.A. is 0.25 euros.

Example 1:

€10 stake (40 columns) in a fivefold with total odd 200

Profit = €2.000

Net profit per column= €1.990/40= €49,75

There is no tax, because net profit is lower than €100 per column.

Example 2:

€20 stake (80 columns) in a sevenfold with total odd 500

Profit = €10.000

Net profit per column= €9.980/80=124,75

The first €100 per column are tax free. The next €24,75 per column are charged with 15% tax (€3,71 per column x 80 columns = €296,8). Thus the player receives €9.703,2 (€10.000- €296,8).