In line with Greek gaming law, we withhold Player Withholding Tax (PWT) from profits over €100 earned when playing on Poker and Casino.
How will the PWT tax be calculated?
- For cash games and Casino games: We withhold the PWT from profit above €100 from gaming transactions in a 24-hour session. The Greek Gaming Regulations defined this rule. We'll take into account any activity that crosses over when the session ends for the next session.
- For tournaments and Sit & Go's: we calculate and deduct the PWT for every individual tournament’s profit (buy-ins minus prizes) as soon as you leave or when the tourney is over. We'll also consider the bounty prizes for tax purposes. However, we won't add these prizes to the tournament’s profit calculation. Instead, we'll consider them as part of the daily profit calculations (similarly to what happens with Casino profits).
How are my profits calculated?
- Cash games: winnings minus bets placed in the gaming session (excluding any amounts where you are still at the table at the end of the gaming session).
- Tournaments and Sit & Go: prizes won in each tournament, minus the buy-ins.
- Casino games: winning bets minus bets placed in the gaming session.
Here are the rates of tax currently:
| Profit |
PWT rates |
| €100 or less |
0% |
| from €100.01 to €500 |
15% |
| €500.01 and more |
20% |
Profits from gameplay in other currencies will be converted to euros using applicable daily exchange rates.
The value of your account balance is not relevant for PWT as PWT applies to the profits you get from using our products rather than the funds in your account. Deposits and withdrawals are not considered for PWT.
If you want to read more about Player Withholding Tax, visit this page.