At LetsBet, we do not apply any betting tax to our customers. However, we do charge our customers a 5% fee ("Compensation Fee") on their winnings.

How does it work?

• The fee is not deducted from your stake when placing a bet.
• It is only charged if your bet is successful.
• If a bet is not successful, no fee is applied.
• The exact fee amount is clearly displayed on the bet slip before you confirm your bet.

Example:

You place a €100 bet with odds of 2.50.

• Gross winnings: €250
• Fee (5%): €12.50
• Payout amount: €237.50

For more information, please refer to our Terms and Conditions or contact Customer Support.

Under German regulations, betting transactions are subject to taxation, borne by the operator. The applicable tax rate for sports betting is 5.3%. This tax is applied to betting stakes in accordance with the relevant legislation and is paid by LetsBet to tax authorities. As a user, you are not subject to any taxes.