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Spain, with it’s laid-back culture and affinity towards sports, has a long history of betting. This has extended into the 21st century where you’ll find a wide selection of exciting online betting sites in Spain.
Interestingly, although sports betting has been around for several decades, the industry has only been regulated over the last 10 years. With regulation comes tighter control but also better oversight. As such, online betting in Spain is currently enjoying a golden age of prosperity – both for players and operators. Our latest guide will outline the current online betting environment!
As is the case in most countries, betting has long been part of the Spanish culture. In actual fact, gambling on one form or another has been around since ancient times. However, it was only in the late 1970s that gambling – based on skill – was legalised. Barely 5 years after this, gambling on games of chance was also included in the definition of legal gambling activities.
With the advent of the internet, many govermnets were slow to latch onto the new phenomena that is online betting. As such, Spanish betting sites went through a period of operating within an unregulated market. Much of this can be attributed to the fact that Spain is made up of more than a dozen self-governing regions. It was only in 2011 that a nation-wide Spanish Gambling Act was introduced. In the last 10 years, online Spain betting sites has expanded into the market. Today, there is a myriad of betting in Spain available.
As we’ve alluded to above, betting sites in Spain have only come to the fore in the last 10 to 15 years. In 2006, the Spanish government signed into law the first online gambling bill. This bill set the tone for things to come. In 2011, a national gambling act was passed. Known as the Spanish Gambling Act, it has had a far-reaching effect. In accordance with this act, the body responsible for regulatory oversight is known as the Direccion General de Ordenacion del Juego (DGOJ). The DGOJ decide on who receives gambling licenses and who do not qualify. The DGOJ will only issue licenses to those sites who are registered as being Spanish; thus each site must have the .es domain. In addition to this, online betting sites looking to offer multiple products (sports betting and online casino services) must apply for two different licenses. This by-law has meant that many online operators feel that it is more viable to offer a single betting service via their platform.
Up until 2018, the taxes on winnings was set at 25%. This was rather high in comparison to other countries across Europe. However, the uniform gambling tax was then reduced by 5% to 20% – a far more inclusive tax. Winnings that do not exceed €2,500 are not taxed by the state. Thus, you can walk away with 100% of your winnings in cases where they are limited to €2,500 or less.
There are a multitude of top online betting sites in Spain. From industry-favourites such as William Hill to Interwetten, Spanish players have a wide range of operators to choose from. There are also a number of local online bookies that bring with them an exciting mix of services which are directed at the heart of local culture.
Many of the best betting sites provide multi-faceted platforms; with a sportsbook and online casino on offer. This gives you the chance to enjoy all types of online gambling services without having to open multiple accounts. We recommend that you take a look at our featured bookmakers so that you can find an online platform that will cater to all of your betting preferences.
Creating an account couldn’t be easier with the top betting sites in Spain. You’ll quickly realise that it only takes a handful of minutes to complete the registration process. All that you need to do is select a betting site that you feel is best for you. Once you visit the homepage, you can click on the tab which says ‘Sign Up’ or “Join Now’. complete the online form by filling in your particulars and providing the necesary documentation when needed. You must submit an identification document in order to verify your age. Once you have completed this, you’ll be the proud owner of an online betting account.
The last step you need to take in order to start betting with Spanish bookmakers is to fund your account. You can visit the ‘Cashier’ section and link a payment method. Today, you’ll be able to use payment methods such as online card payments, transfers, e-wallets (Skrill, PayPal, and the like), and various prepaid cards. Once you have funded your account, you’re ready to start betting on your favourite sports and online games.
In terms of the future prospects of betting sites in Spain, we believe the only way is up. The Spanish government has recently decreased the tax rate attached to online gambling activities. This has certainly made it far more enticing for operators and players alike. With the threshold of non-taxable winnings being as it is, we believe a constant influx of new players will continue to grace online platforms.
One hindrance to a more-inclusive betting market is the difficulties in obtaining licenses. Due to varying laws across regions, online operators are required to apply for multiple licenses. This inefficient process may need to be revamped if future growth within the industry is primed to take off.
When it comes to online betting, you’ll find that different countries implement different laws. Certain countries or territories look favourably upon online betting as there are massive financial rewards, as in tax, to be reaped. However, this isn’t necessarily the sentiment that is shared by all state authorities. As such, it’s important to find out if online betting is legal where you reside. Take a look at our latest coverage of betting sites in Spain to find out more.
Creating an online account in this day and age is incredibly easy. All that you need to do is follow the online process outlined by the online betting site in question. You’ll find that you can create a valid account within minutes. To find out how you can go about opening and account., head on over to our coverage of Spanish betting sites.
You’ll come to find that there a wide number of online bookmakers that offer services across mainland Europe. You’ll have access to established and reputable operators who have been plying their trade for a considerable amount of time. In our latest guide to online betting in Spain, we’ll outline precisely which bookies you should consider using!