Spain Bookmakers
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AZ team
Last updated on
Online betting in Spain is being regulated since 2012 with gambling companies facing heavy taxation on gambling revenues. Nonetheless, sports betting is very popular all over Spain with Spain bookmakers witnessing growing revenues from sports betting in the past years. On this page we’ve selected the best bookies available for Spanish players and also some tips about Spanish Bookmakers.
MyStake – 9/10 rating
⚽ Casino and sports betting
👔 Owner: Santeda International B.V.
📅 Established: 2020
🌎 GEOs: Chile, Norway, Mexico, Brazil
🏛️ License: Comoros
Banking
Min. deposit: $10
Max Monthly Withdrawal: $15,000
Withdrawal time: up to 24 hours
Advantages
- Over 6000 slots
- Generous welcome bonus
- Accepts crypto payments
Velobet – 9.5/10 rating
⚽ Great range of betting markets
👔 Owner: Santeda International B.V.
📅 Established: 2023
🌎 GEOs: Canada, New Zealand, Finland
🏛️ License: Comoros
Banking
Min. deposit: $20
Max Monthly Withdrawal: $15,000
Withdrawal time: Instant
Advantages
- Generous sport welcome bonus
- Accepts many countries
- New bookmaker with high odds
Sportsbet.io – 8.5/10 rating
⚽ High sports odds
👔 Owner: mBet Solutions N.V.
📅 Established: 2016
🌎 GEOs: Brazil, Japan, Greece, Italy
🏛️ License: Curaçao
Banking
Min. deposit: $5
Max Monthly Withdrawal: No limit
Withdrawal time: Instant
Advantages
- Accepts players from many countries
- 24/7 live chat
- Supports Bitcoin payments
Are gamblers paying taxes on winnings
Spanish gambling legislation is distinctive compared to many other countries because it imposes higher taxes on gambling operators and introduces taxes on winnings from gambling within Spain. There are specific thresholds for tax-exempt gambling winnings in Spain, with winnings below EUR 2,500 being exempt from taxation.
Any betting winnings above EUR 2,500 are subject to a 20% tax rate. A specific provision enables punters to decrease the taxable amount by subtracting their gambling losses from their total winnings over EUR 2,500.
How to bet online in Spain
Wondering how to bet online while in Spain? You have two main choices: stick with a local bookmaker or go with an international sports book. Betting online through a local sports book is straightforward, and most Spanish online bookies offer an English version of their websites.
Another option is to place bets with a licensed international bookmaker. For example, using Betfair in Spain is completely legal since they hold a license to operate within the country. This means you can also use the Betfair exchange in Spain, along with similar services provided by other well-known betting companies licensed to operate in Spain.
Are there bookmakers in Spain that operate without a license? While there are no land-based shops conducting gambling activities without a license, occasionally you may come across an online betting site targeting Spanish gamblers without the proper license.
Avoid these sites, as non-licensed sportsbooks and bookies do not guarantee your deposits and winnings.
