As of Thursday, 1st September 2022, the taxation of players’ winnings on the below OPAP Group games is changing: KINO, TZOKER, LOTTO, PROTO, SUPER 3, EXTRA 5, PROPO and PROPOGOAL.

In particular, by the art. 61 and 62 of L. 4949/2022 (GGI Α 126 01.07.2022), the art. 58 and 60 of L. 2961/2001 (GGI A 266) on the categories of games of chance falling under tax and on the winnings tax rates were amended.  In accordance with par. 5 of art. 82 of L. 4949/2022, the new provisions shall enter into force as of 1st September 2022.

New Tax calculation method

Concerning the aforementioned eight (8) games, tax shall be now calculated on the total winnings per draw/ competition of each ticket and not at the level of cumulative winnings of the ticket, as was the case until 31/08/2022. For tax to be calculated, the amount paid for all entries (winning or non-winning ones) concerning the draw/competition from which the winnings derived, shall be deducted from the winnings.

Note: Ticket shall mean the entry of each entirety of player selections-multipliers, full/ standard systems, various game types, such as KINO Bonus or KINO ODDS-EVENS- that constitutes a whole entry of the player in one draw or one competition of each game.

New Tax Brackets

At the same time, the winnings for such games shall fall under the below new taxation bracket.

Winnings (in €) Tax Rate (%)
0-100 0,0%
100,01-200 2,5%
200,01-500 5,0%
500,01-2.500 10,0%
>2.500 20,0%

 

Example

A KINO ticket (with 6 numbers) of a total value of 4€, participating in 2 consecutive draws (with KINO Bonus and a multiplier of 2), wins in total €1,900, with the following breakdown of winnings: €1,600 from the first draw (prize tier: 6/6) and €300 from the second draw (prize tier: 5/6 with KINO Bonus). The player’s total winnings, following the tax implementation, shall be shaped to €1,765.30 (€1,900 - €134.70), and they are mentioned in column Winnings of the below table.

Draw S/N Gross Winnings Entry Cost* Winnings to be Taxed Tax Winnings
1η 1.600€ 2€ 1.598€ 127,30€ 1.472,70€
2η 300€ 2€ 298€ 7,40€ 292,60€
Total 1.900€ 4€ 1.896€ 134,70€ 1,765,30€

 

*The entry cost per draw shall derive from the division of the total ticket cost by the number of draws in which the ticket participates (in the above example 4/2=2). The entry cost per draw shall be deducted from the gross winnings per draw, so that the Winnings to be taxed derive.

Indicatively, for the 1st draw of the above example, the below detailed manner of tax calculation follows:

1st draw (Winnings to be Taxed: €1,598)

Winnings (in €) Tax Calculation Manner
0-100 0€ The first €100 of winnings are tax-free
100,01-200 2,5€ 2.5% taxation on the amount exceeding the winnings of €100 à €100 x 2.5%=€2.5
200,01-500 15,0€ 5.0% taxation on the amount exceeding the winnings of €200 à €300 x 5.0%=€15.0
500,01-2.500 109,8€ 10.0% taxation on the remaining amount of €1,098 winnings exceeding the winnings of €500 à 1,098 x 10.0%=€109.8
>2.500 - In such example there are no winnings falling under this specific tax rate (20%)
Total Tax 127,3€ 0€+2,5€+15,0€+109,8€ =127,3€

 

Winnings Taxation Implementation

Winnings Taxation will be carried out upon winnings redeeming, either in cash or with the issuance of a Payment Order to the Bank.

The new winnings taxation (new calculation manner and new taxation bracket) shall be independent from the payment date (either in cash or with the issuance of a payment order) and shall depend on the date of draw conduct/ of completion of the competition creating the winnings, with commencement date on 1st September 2022.

 

IMPORTANT NOTE

The taxation rules for the games of PAME STOIXIMA, PAME STOIXIMA VIRTUAL SPORTS, POWERSPIN, PAME STOIXIMA HORSE RACES and PAME STOIXIMA DOG RACES remain as is.

Namely the taxation, is implemented on total winnings per ticket, following the deduction of ticket cost from its winnings.

Note: For the games of this case, ticket shall mean the entry of the player’s forecast, regardless of whether it concerns one or more betting events. If the ticket concerns one betting event, the payout of the forecast shall be equal to the provided odd of the selected betting event. If the ticket concerns more betting events, the payout of the forecast shall be equal to the entirety of the provided odds of each one of the selected betting events multiplied.

Therefore, the winnings deriving from the player’s selections -multipliers, full systems, standard systems, consecutive/ future draws, various game types- shall be added up and taxed in their entirety.

The tickets of such games shall fall under the below taxation bracket, as shaped as of 12 July 2021.

Winnings (in €) Tax Rate (%)
0-100 0,0%
100,01-200 2,5%
200,01-500 5,0%
>500 7,5%

Example

A player places a €100 bet, with an odd of 10.00.

The payout shall be €1,000, the winnings to be taxed shall be €900 (winnings - bet amount = €1,000 - €100 = €900).

 The taxation shall be calculated as follows:

Winnings (in €) Tax Calculation Manner
0-100 0€ The first €100 of winnings are tax-free
100,01-200 2,5€ 2.5% taxation on the amount exceeding the winnings of €100 à €100 x 2.5%=€2.5
200,01-500 15,0€ 5.0% taxation on the amount exceeding the winnings of €200 à €300 x 5.0%=€15.0
>500 30,0€ 7.5% taxation on the remaining amount of €400 winnings exceeding the winnings of €500 à €400 x 7.5%=€30.0
Συνολικός Φόρος 47,5€ Total Tax

The total winnings for the player after tax shall be shaped to €952.5 (€1,000 - €47.5).

Frequently Asked Questions

General Questions
  • General Questions

In such case, tax shall be calculated based on the taxation as applicable until 31/08/2022.

For draws conducted until 31/08, the tax shall be calculated based on the bracket and the calculation manner applicable until 31/08. 
For draws conducted as of 01/09 and then on, the tax shall be calculated based on the new bracket and the new calculation manner, as applicable as of 01/09.

The calculation of the ticket cost, for tickets with consecutive draws that participated on both time periods (before and after 01/09), shall be carried out per case, as follows:

  • Case A: Zero winnings from draws prior to taxation change -- > The cost of the ticket corresponding to each draw, from which the winnings derived, shall be deducted from any winnings concerning draws after taxation change.
  • Case B: Winnings from draws prior to taxation change that fully cover the total value of the ticket -- > No ticket cost shall be deducted from any winnings concerning draws after taxation change.
  • Case C: Winnings from draws prior to taxation change that partially cover the total ticket value -- > The cost of the ticket corresponding to each draw, from which the winnings derived, until covering the total ticket value shall be deducted from any winnings concerning draws after taxation change. If the total ticket value is covered and draws are left out, no ticket value shall be deducted from any winnings to derive from such draws; it shall count as zero.

As also currently applicable, players may collect their winnings partially (apart from PAME STOIXIMA VIRTUAL SPORTS tickets) for one or more draws generating winnings, without the conduct of all draws being required.

  • In case of partial collection of winnings for games KINO, TZOKER, LOTTO, PROTO, SUPER 3, EXTRA 5, tax shall be automatically calculated and fully withheld, since now taxation is calculated on the total winnings per draw of each ticket.
  • In case of partial collection of winnings for game POWERSPIN, tax will be automatically calculated and withheld in parts, so that the final taxation be the same as if the player collected all his/her winnings in the end, namely following the conduct of all draws.

The calculation of the tax will be conducted on the entirety of the tickets and then it will be divided, on equal amounts, to each one (1) of the parts.

The tax will be calculated upon issuance of order and receipt of ticket by the player.