Facts and Advice About Gambling at Online Casinos in Denmark
Online gambling in Denmark is extremely popular, with many players betting on sports, playing at online casinos, and enjoying a few hands of poker every single day. Find out everything you need to know about online gambling in Denmark right here!
Is Online Gambling Legal in Denmark?
Yes, online gambling in Denmark is perfectly legal. It used to be the case that the laws surrounding online gambling were slightly complex, and not understood by the majority of people. Thanks to Act nr. 848 of 2010 on Gambling, which came into effect in 2012, the law is now crystal clear though. While Danske Spil, a state owned company, has a monopoly on lotteries, horse racing and pigeon racing, all other forms of gambling can be provided by private companies, providing they have obtained a licence from the Danish government.
Online gambling in Denmark is regulated by the Danish Gambling Authority (DGA), and they have licenced many large companies to conduct business in the country. The authorities are very serious about stopping Danish players from playing at unlicensed sites though, and have blacklisted a number of them.
Are Online Gambling Winnings Taxable?
There’s good news for those gambling in Denmark, as any profits made from gambling are completely tax-free. Online casinos based in the country pay tax of 20% on all of their profits though, so the government still makes a considerable amount of money from the industry. This is one of the lowest rates in Europe though, and it could lead to Denmark becoming a hub for online gambling companies on the continent.
How Danish Players Make Deposits at Online Casinos
Players in Denmark can use any one of many different depositing options, as there are no restrictions on them regarding how they deposit funds. Like most countries though, the vast majority of players prefer the ease of depositing using a credit/debit card, although many also use services such as Skrill and Neteller. Many, but not all, online casinos also offer the chance for players to play using DKK, although some will require deposits to be converted into other currencies, such as USD, GBP or EUR.
It should be remembered that Danish players will be prevented from signing up and depositing at a number of sites, as these sites are yet to get a licence from the Danish Gambling Authority. There are still many sites that will accept Danish players though, including a number of big companies.
The Best Software for Danish Players
Like most countries, the most popular casino software providers in Denmark are the big names, like Microgaming, BetSoft and Playtech, however there are also many other companies with software available in Denmark. Thanks to the relaxed online gambling laws in the country, it’s possible to find pretty much any casino game when playing online. Providing players only play at reputable casinos, downloading software should be completely safe.