Tax-free winnings: Casinon.com explains how it works for Swedish players Playing at online casinos is very entertaining, but it can be difficult to know the tax regulations. Do you need to pay tax on your winnings or not? The fact is that it varies depending on which casino you play at. Here we take a closer look at how tax-free winnings work. Swedish casinos mean tax-free winnings Since the Swedish Gambling Act came into effect in 2019, you as a player can make unlimited withdrawals without having to pay tax. This applies to all casinos licensed by the Swedish Gambling Authority. Instead, the gaming companies pay tax directly to the Swedish state. The tax rate is 22% of the turnover. As a Swedish player, you do not need to do anything when playing at a Swedish casino. You simply withdraw the money directly using your preferred payment method. It also does not matter how big the winnings are. When do you have to pay tax on your winnings? If you choose to play at a casino without a Swedish license, you must pay more attention to the rules. Here you need to consider two things - which license the casino has and whether they target Swedish players or not. Winnings from casinos licensed in the EU/EEA are normally tax-free. However, this only applies if they do not market to Swedish players. If you choose a casino licensed outside the EU, you must always pay tax on your winnings. It is up to you to report this when you file your tax return. The rate is 30%, just like regular income. However, this only applies to winnings over 100 SEK. When you play at casinos without a license, you also need to consider the exchange rate and that your winnings will be converted to SEK. How to know if the casino has a Swedish license It is very easy to see if a casino has a Swedish license or not. You simply click on the casino in question and scroll to the bottom of the page. If you see a logo from the Swedish Gambling Authority, it means that the gaming company has a Swedish license. Please read the fine print where it states exactly how long they have held the license. There you will also find information about the casino's address and other details that may be useful. You can also recognize a Swedish casino as they offer deposits in Swedish Krona. They also usually have a Swedish-language site. All Swedish casinos must comply with the laws set by the Swedish Gambling Authority. How to declare your winnings If you were to win money at a casino without a Swedish license, you must declare your winnings. This falls under capital income. You must therefore report your entire winnings in the next tax return and pay 30% in tax. It is important to save the history of all your withdrawals. If you have any questions about this, it is best to contact the Swedish Tax Agency directly. They can guide you on how to proceed. Play smart and choose the right casino to avoid tax If you want to ensure that you do not have to pay tax on your potential winnings, it is advantageous to play at casinos with a Swedish license. If you choose to play at casinos within the EU/EEA that do not have a Swedish license, it is important to ensure that they do not specifically target Swedish players. For casinos outside the EU/EEA, all winnings are taxable and must be declared. Therefore, you should not choose a casino licensed outside the EU as you will automatically become liable for tax. However, some still choose to play at these casinos. It is, of course, up to each player to decide.