Austria is a central European country that is entirely surrounded by other countries; these include Hungary and Slovakia in the east, and Slovenia and Italy in the south, Switzerland and Liechtenstein in the west, Germany and the Czech Republic in the North. This guide aims at shedding light on the existing legal framework of betting sites in Austria as well as the achievements in sports betting in the country. In this blog, there are information and advises on how to make your betting experience better.
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Table of Contents
Summary of Key Events
Changes of Gambling Laws in Austria
In this regard, knowledge of the development of gambling laws in Austria is essential for every gambling lover. Adequate legislation on gambling starts from 1696 when Emperor Leopold I tried to put an end to unlawful gambling. Moving to the 21st century, it is possible to note that the gambling industry has become much more developed.
Key Historical Milestones
- 1696: First gambling law was laid down by Emperor Leopold I in the year1790.
- 1913: The authorization of the government on the sale of the lottery.
- 1934: The first casino of Baden is opened.
- 1989: Adoption of the Glücksspielgesetz which provided for the issuing of casino and lottery licenses.
- 2001: The legal status of online gambling.
Regulatory of Betting Sites in Austria
A large portion of gambling in Austria is controlled to make sure that the games being provided are fair and honest. This industry has several agencies to regulate it.
- The Ministry of Finance: In charge of the formulation of policies and standards relating to the management of gambling.
- The Tax Authority: Houses gambling taxes and licenses.
- Federal States: Small stakes gambling is regulated by the regional governments.
These agencies have to work hand in hand to ensure that gambling is secure and fair at all times.
Prohibited and Permitted Bets
In this respect, it is important to indicate that the legislation of Austria is quite specific with regard to what is legal and what is not legal in the sphere of gambling.
Permitted Bets:
- Sports betting (is legal in Federal States).
- Lotteries (the monopoly belongs to the company Österreichische Lotterien GmbH).
- Casino games (concession owned by Casinos Austria AG)
- Internet gambling (controlled and usually a monopoly of the state)
Prohibited Bets:
- Unlicensed gambling activities
- Cross-border operation of online gambling without having a license from the Austrian authorities.
Taxation of Various Forms of Gambling
- Sports betting: Two precent tax on every bet
- Online gambling: This is the gross gambling yield subject to a 40% tax.
- Lottery: 2-27. 5% on stakes; depending on the prize pool
- Gaming machines outside of casinos: an amount of 10% of the net gambling revenue.
- Casinos: The gross gambling revenue to be taxed at 30%
Famous of Betting Sites in Austria
There are various betting sites that have been identified to have attracted many Austrian players: The following platforms present numerous sports as well as markets where you can place your bets.
Dafabet
As one of the top betting sites, Dafabet features live streaming option in addition to having a good interface.
Dafabet
Welcome Offer: Bookmakers are offering new customers up to £130 in bonuses and £5 in Free Bets on their first deposit. This is a great chance you should not miss out on enhancing your betting experience!
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Betmaster
Betmaster is widely known for the coverage of football leagues and the company offers fairly good odds and numerous bonuses.
Betmaster
Welcome Offer: You can get up to £1000 in bonus plus £10 in the form of free bets when signing up with the bookmaker. Do not miss this rare opportunity of enhancing your betting experience; this is your chance to make the most out of it!
Up To £1000 + £10 Free Bets
20Bet
Horse racing lovers will be glad to know that 20Bet offers daily races from Austria and other races from around the globe.
20Bet
Welcome Offer: It can be used to get up to £150 bonus plus £150 in free bets when you top up your account. This is something you do not want to miss out on!
Up To £150 + Recharge £150 Free Bets
Some Events in Austrian Sports
There are numerous famous sports events that have occurred in Austria in the past, and all these events have in one way or another influenced the populace.
Five Key Events
- 1954: Austia comes out victorious in the UEFA European Championship
- 1978: Austria gets the title of the UEFA European Championship for the second time
- 1995: Thomas Muster defeats the other players and becomes the champion of French Open.
- 2002: Johannes Eder gets two gold medals at the games
- 2008: Bernhard Kohl takes the honor of the Tour de France King of the Mountains.
Sports Star Glory
Some of the great athletes have come from Austria and they have always done very well at the international level.
- Hermann Maier: Hermann Maier also referred to as hermi is one of the world’s most famous ski racers having won four world cup titles and two Olympic gold medals.
- Thomas Muster: An Austrian tennis player, Thomas Muster was the French open champion in 1995 and was ranked number one in 1996.
- Niki Lauda: Born in Austria Niki Lauda is a three times Formula One World Champion and is considered one of the greatest drivers in the history of motor racing.
Gambling Laws in Neighboring Countries
Below are the legal frameworks of the neighboring countries as to gambling industry to have a better understanding of the regional situation.
Germany:
- 2012: At that time the Interstate Treaty on Gambling was adopted.
- 2021: The new State Treaty on Gambling entered in to force.
Italy:
- 1948: Gambling was legalized.
- 2011: It should be noted that at that time online gambling was regulated.
Switzerland:
- 1998: Swiss Federal Gaming Board was created.
- 2019: New laws were enacted that governed gambling particularly the online gambling.
Due to the differences in culture and the economic development of these countries, each of them has its own gambling regulations.
Conclusion
Austria can be considered a very suitable and very controlled market for sports betting, which makes it very interesting for bettors. Due to many betting sites available and rich sports history, anyone can engage with the activity at any time. This article has listed some of the most popular betting sites that you can use if you are new to sports betting or if you want to diversify.
FAQ of Betting Sites in Austria
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