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What games of chance do Spaniards prefer?
The Christmas lottery is the game preferred by the Spanish, according to the number of participants annually. Secondly, there is sports betting, which has its great bastions in football, tennis, racing and basketball, especially when international competitions are approaching. For example, the Champions League, a Grand Slam, or the NBA playoffs.
Concerning casino games, the classics such as roulette, slot machines, poker or blackjack are the ones that register the most money and players throughout the year. The possibility of getting a larger prize is its main attraction. The physical casinos in Spain have, for the most part, classic French roulette, online French roulette, and American roulette. Lightning Roulette, from the Evolution Gaming studio, has also become a very famous game of chance in Spanish territory. However, many Spanish players prefer to play roulette in gaming halls. For its part, the most popular slot machines are Book of Ra, Zeus, Cleopatra, Neopolis. In the online version, Chiquito, Book of Dead, La Mina de Oro and Dioni, Gonzo’s Quest. Bingo is another of the games of chance that attracts a greater number of participants throughout the year, with the average player profile being a person over 40 years of age, due to its great tradition in Spain. For this reason, many online casinos also offer video bingo games, such as Super 90, Fortuna 90, Suerte 90, Yobinguera90, Beach Bingo, Monsters Bingo, Golden Lucky Cat Bingo or Roma Bingo.
Regulation of casinos and games of chance in Spain
Casinos in Spain have been legal since 1977, thanks to Royal Decree-Law 16/1977, which legalizes face-to-face gambling and betting activities. The regulation of the activities of physical casinos, game rooms and sports betting, as well as the issuance of licenses, the collection of taxes and municipal taxes is the responsibility of the autonomous community where the establishment is located. For their part, online casinos were legalized in 2012, after publishing Law 13/2011, which ensures the safe and fair development of online games in Spain, through the DGOJ. After the last modification of Royal Decree 958/2020, it can be said that online operators in Spain are the most highly regulated on the European continent.
To obtain a general license in the “bets”, “contests” or “other games” modality, as well as specific licenses for each type of game, an online casino must meet a series of legal, economic, and technical requirements. One of the most prominent is the social capital that an online gaming establishment must-have. This must be at least 100,000 euros. They must also be domiciled in Spain or the European Union and have a statement regarding the personnel and technical equipment approved and regulated by the relevant regulations.
Bitcoin Casinos in Spain
By the provisions of the law, casinos with cryptocurrencies are prohibited in Spain since this type of currency is not regulated in the Spanish market. Therefore, there is no legal option to play and collect prizes with this currency, and websites or casinos that allow it are illegal.
The DGOJ finds it difficult to analyse and block all the pages with online gambling and betting with Bitcoins, which sometimes bypass security controls. In this way, some online casinos without a license operate in Spain, getting users to deposit their cryptocurrencies. This translates into innumerable losses, both for the State, which cannot apply gaming taxes and for the players, who will not be able to withdraw their money.
If you want to bet with this type of capital, the only legal alternative is to convert it into euros and deposit this money in the online casino, using the payment method regulated and established by the entity itself.
Choice Casino assumes no responsibility for playing on these websites. Remember that casinos with cryptocurrencies in Spain are illegal.
Contribution of games of chance to the economy of Spain
Physical casinos and gaming halls declare their taxes before the tax administrations of the autonomous community in which they are located. These depend on your gross income, ranging from 15% to 58%, and vary by region. In addition, each autonomy establishes a fixed amount that the operator pays annually for each slot machine, depending on the type. On average, around 3,500 euros per year are taxed for each slot machine. For example, in Madrid, 10% of gross income is taxed, apart from the fixed taxes for each machine.
The tax rate for online casinos is between 20% and 25% of their gross income, according to Law 13/2011 regulating online gaming. According to a Codere study, online casinos generate more than 40,000 million euros a year, contributing more than 1,500 million euros to the State. Sports betting, poker and roulette are the types of games that raise the most money at the end of the year.
Taxes paid by casino players
All users who play in physical and online casinos in Spain are required to declare their gaming winnings in the Personal Income Tax (IRPF) in the annual income statement, taxing them as capital gains. In case the prize is not money, the player is also obliged to pay taxes on the gift, be it a trip or a car.
The percentage to be paid is calculated with the total income per year, ranging between 19% and 47%. The minimum taxable winnings from the game are €1,000 per year, provided that the annual income exceeds €22,000. If the player does not earn more than €22,000 per year, he may not have to declare the prize, if it does not exceed an amount of €5,000.
Choice Casino recommends declaring all types of gambling winnings in physical and online casinos in Spain, regardless of the player’s annual income.
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Sports betting houses in Spain
The true popularity of sports betting came with the advent of the Internet. Thanks to their adaptation to all mobile devices and their loading speed, they have become the favourite online game in Spain. In addition, some sports betting houses have incorporated the broadcasting of some events, such as football matches in the German or Italian league. The most famous in Spain are Bet365, Codere, Betway, William Hill, Luckia and Betfair. Its sports offer covers many disciplines, the most prominent being football, basketball, and tennis. The rest of the modalities that they offer are athletics, handball, baseball, billiards, cricket, darts, formula 1, winter sports, rugby, American football, futsal, golf, hockey, boxing, Olympic games, volleyball, water polo, ping pong, horse, and greyhound racing, cycling, Nascar or Dakar.
The payment methods of legal sports betting houses are completely safe and private, being practically the same as online casinos. That is, credit or debit card, Paypal, bank transfer or prepaid card.
Physical bookmakers vs online bookmakers in Spain
The game halls that have sports betting terminals offer bar service and live broadcasts of different disciplines, such as football, tennis, basketball, boxing, or MMA. In this way, a wonderful atmosphere with fans is created, something that does not happen in the online version. Another very favourable aspect is the option to enter and/or withdraw money immediately at the same location. Some of the most popular bookmakers with physical rooms in Spain are Codere, Luckia and Sportium.
For its part, the online version offers immediate availability on any device, simple, safe, and private use. They have a greater sports offer, with prizes with a bonus percentage, depending on the bet. In addition, some online betting houses have incorporated this last year recommendations of the most frequent bets among users.