How to declare earnings from foreign sports betting

Is it possible to declare winnings from sports betting?

You can do it, however, even if it’s not currently mandatory to do so, that doesn’t mean that it won’t be in the future, quite the contrary. Indeed, the fact that a specific statute doesn’t currently exist don’t prevent a specific statute from being created and then governed by appropriate laws.

For the moment, punters are not categorized as gamblers. So you may prefer to stay that way for as long as a lack of legislation exists and then change when there are any new developments; or you may choose to declare everything to avoid having to refer to any of the numerous laws and amendments that are ratified each week. If you’re earning less than 30,000 euros, a Neteller or Skrill account will be all you need. For anything above that figure, you should get multiple accounts or become an entrepreneur.

This is applicable for operators with or without a gambling licence in Ireland because the law doesn’t take this into account ; you can win this money, but you aren’t suppose to have it. Conversely, it’s the same thing for poker: however, if you are a poker player you must declare your winnings. Whether your winnings come from one site or another, the fact remains that if the money is collected in Ireland, it is subject to Gambling Regulatory Authority of Ireland taxes. As well, as a professional player, you must declare your winnings (except if you only play very rarely, in which case the law views you as an “amateur” or “occasional” player).