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Player Withholding Tax (PWT) FAQ

Based on the Greek gaming law, we must withhold PWT from certain profits earned by you.

For poker and casino games, PWT is withheld from the overall profit above €100 (if any) from gaming transactions in a player gaming session. Your profits (if any) from a gaming session are the sum of:

  • For ring/cash games: winnings received less bets placed in the gaming session (excluding any amounts where you are still at the table at the end of the gaming session);
  • For Tournaments and Sit & Go's: prizes won in the gaming session, less buy-ins from completed tournaments (buy-ins paid for tournaments that were not completed in the session will only be included in your profit calculation once the tournament is complete); and
  • For casino games: winnings received less bets placed for games completed in the gaming session.

The rates of tax for poker and casino games (which are set by the Greek government) are currently as follows:

  • No tax will be withheld for profits up to and including €100
  • 15% tax for profits from €100.01 to €500
  • 20% tax on profits over €500

Profits from gameplay in other currencies will be converted to Euros using applicable daily exchange rates.

For poker and casino games, any withholding will only be calculated on the profit from the most recently completed gaming session (if over €100). The value of your account balance is not relevant for PWT as PWT applies to the profits you obtain from gambling, rather than the funds in your account.

We have included some examples of calculations below.

For sportsbook bets, we fully absorb the cost of this tax so nothing will be deducted from your winning bets.

The rates of tax for individual sports bets (paid by us on behalf of the customer and set by the Greek government) are currently as follows:

  • No tax for profits up to and including €100
  • 2.5% tax for profits from €100.01 to €200
  • 5% tax for profits from €200.01 to €500
  • 7.5% tax for profits over €500

Please note: In common with any online operator there is a risk of site outages meaning that gameplay cannot take place. This may result in a situation where at the end of a session your winnings are such that PWT needs to be applied. In such situations we are obliged to deduct the PWT, and we shall not be held responsible for any inconvenience or loss that you may suffer.

Based on our central IT system a gaming session (for the purpose of withholding tax law) is the 24 hour period from 00:00-23:59 ET - or 07:00 Greek time until 06:59 the following day - except during periods affected by Daylight Saving Time.

Please note: Players are solely responsible for monitoring the dates when Daylight Saving Time changes occur.

For ring/cash games, where you are still at the table at the end of the gaming session, the entire activity will be taken into account in the following gaming session (i.e. the gaming session when you leave the table).

For Tournaments and Sit & Go's that have not completed at the end of the gaming session, buy-ins are taken into account in the session in which the tournament completes, so will not be included in your profit calculation until that point. Prizes are taken into account when won, which may be in a subsequent gaming session.

Whenever we withhold PWT from your account due to eligible winnings we will automatically send you an email detailing the amount of PWT withheld and details of how that was calculated.

No. As the PWT applies to profits from the gaming session, it includes activity on both tournaments and cash games, so both are taken into account for the calculation of PWT (but refer to comments in the FAQs above about how these are treated).

No, PWT is a tax on profits from game play.

No, only profits from game play are relevant for the calculation of PWT. Note that we cannot exchange StarsCoin directly for cash.

You can change your country of residence provided you legitimately reside in another country and by providing the appropriate supporting documentation. Please visit our Help Centre for more information.

If you change your country of residence because you no longer reside in Greece and thus are eligible to play under a different license then the Greek PWT rules will not apply to play under that other licence.

If you reside in Greece and play with us the PWT rules will apply.

The application of the PWT rules mean that it is not possible to offer satellites for live poker events.

Player Withholding Tax Examples:

The following examples illustrate how Profits are calculated for a Gaming Session for poker and casino games:

Example 1
In a Gaming Session period you play only in cash games which completed in the Gaming Session period and you leave the table with €300 and had staked €220.

Your Profit for Player Withholding Tax for the Gaming Session is €80 and therefore below the €100 threshold and no Player Withholding Tax is due.

Example 2
In a Gaming Session period you play in three €20 Sit & Go tournaments which completed in the Gaming Session period where you win €150 on one of those tournaments but do not win in the other two.

Your Profit for Player Withholding Tax for the Gaming Session is €90 (€150 less €20 less €20 less €20) and therefore below the €100 threshold and no Player Withholding Tax is due.

Example 3
In a Gaming Session period you play in a €10 scheduled tournament which completed in the Gaming Session period where you do not cash. You later in the same Gaming Session play a €5 scheduled tournament and win €150.

Your Profit for Player Withholding Tax for the Gaming Session is: €135 (i.e. €150 less €5 less €10).

After deducting the €100 threshold your Player Withholding Tax due will be €35*15% = €5.25

Example 4
In a Gaming Session period you play in cash games which completed in the Gaming Session period where you leave the table with €300 and had staked €80. You are still at tables in cash games when the Gaming Session ends, where you have so far staked €40 and won €10.

Your Profit for Player Withholding Tax for the Gaming Session is: €220 (i.e. €300, less €80). After deducting the €100 threshold your Player Withholding Tax due will be €120*15% = €18. The €40 stakes and €10 win will be accounted for in the Gaming Session when the cash game ends.

Example 5
In a Gaming Session period you play in the same cash games at set out in example 4, but you also register for a tournament in the Gaming Session for €20 and that tournament starts in a later Gaming Session.

Your Profit for Player Withholding Tax for the Gaming Session is: €220 (ie €300, less €80).

After deducting the €100 threshold your Player Withholding Tax due will be €120*15% = €18

The buy-in and winnings from the later tournament that has been entered will be included in the calculation of Profits earned for the Gaming Session when the tournament completes.

Example 6
As per example 4, but you also register (for €20) and play in a satellite tournament in the Gaming Session and win a seat to a target tournament (that will take place in a subsequent Gaming Session) that otherwise has a cash buy in of €100.

Your Profit for Player Withholding Tax for the Gaming Session is: €200 (i.e. €300, less €80, less €20). The seat won in the target tournament is not included in the calculation of Profit for Player Withholding Tax purposes as you have not yet won cash.

After deducting the €100 threshold your Player Withholding Tax due will be €100*15% = €15

Any winnings from the target tournament will be included in the calculation of Profits earned for the Gaming Session when the target tournament completes.

Example 7
As per example 6, but you also register (for €15) and play in a second satellite tournament in the Gaming Session and win a second seat to the same target tournament (that will take place in a subsequent Gaming Session and that otherwise has a cash buy in of €100). You then receive Tournament Dollars of €100 instead of the second seat in the same target tournament.

Your Profit for Player Withholding Tax for the Gaming session is: €185 (i.e. €300, less €80, less €20, less €15). The first seat won in the target tournament is not included in the calculation of Profit for Player Withholding Tax purposes as you have not yet won cash. The conversion into Tournament Dollars will also not be included in the calculation of Profit as it is not cash winnings.

After deducting the €100 threshold your Player Withholding Tax due will be €85*15% = €12.75.

Any winnings from the target tournament will be included in the calculation of Profits earned for the Gaming Session when the target tournament completes. Any future buy-in using the Tournament Dollars will not be included in the Profit calculation as it is not cash.

Example 8
As per example 6, and then in the next Gaming Session you play in the target tournament and win €700.

Your Profit for Player Withholding Tax for that next Gaming Session is: €700. After deducting the €100 threshold your Player Withholding Tax due will be €400*15% + €200*20% = €100

Example 9
In a Gaming Session period you play at a Roulette table which completed in the Gaming Session period where you won €300 and had wagered €220.

Your Profit for Player Withholding Tax for the gaming session is €80 and therefore below the €100 threshold and no Player Withholding Tax is due.

Example 10
In a Gaming Session period you play at a Blackjack table which completed in the Gaming Session period where you won €340 and had wagered €200.

After deducting the €100 threshold your Player Withholding Tax due will be €40*15% = €6.

Example 11
In a Gaming Session period you play at a Blackjack table which completed in the Gaming Session period where you won €340 and had wagered €200.

You then play at ring games which completed in the same Gaming Session period where you leave the table with €100 and had staked €220.

Your Profit for Player Withholding Tax for the gaming session is €140-€120 = €20 and therefore below the €100 threshold and no Player Withholding Tax is due.