Is winnings from online sport bet winnings legal and taxed?

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Nitish

Student

21 Points Posted on 30 March 2018

Hello Sir/Madam,

I have used online sport betting sites such as Bet365 (company registered and regulated by UK govt) and used online wallets such as Skrill and Neteller (owned by PaySafe group, registered in England) for depositing money to the betting site, since Indian debit cards are not accepted directly by Bet365, I have made some money using sport betting, which is a game of skill and not any card games, I withdrew the money from the Betting site to the above mentioned E-wallets, from these e-wallets I want to withdraw to my Indian Bank account via a wire transfer (note, my e-wallet balance is stored in USD) is it legal to do so, can this be a violation of FEMA since FEMA itself has no specific bans on remittance to India from sport bet winnings?? If legal what is the tax I must pay??

Replies (2)

Tom Sands

London

22 Points Posted on 04 May 2020

You shouldn't be paying taxes for that. I don't know if it is illegal or not but I don't think that anyone pays taxes for that. Just enjoy the money you won. Spend it on something and don't worry about taxes. I win money on online betting and I immediately spend it on something else because it is mine.

Michel Anderson

22 Points Posted on 05 August 2026

I think this is a very important question because many people who use international betting platforms wonder about the same thing. The rules on taxes and international money transfers can be quite different depending on the country, so it's always better to check the latest regulations or consult a tax professional before making a withdrawal. While reading more about sports betting platforms, I ended up finding Batery Casino, and it was interesting to compare the information available on different platforms. Hopefully someone with direct experience or legal knowledge in India can provide more specific guidance.