Payments

A race result matters only once the dividend is paid, so the route of money gets its own section. It follows a deposit into a betting account and a withdrawal back to the bank.

Searches mostly name Visa and Mastercard, bank transfer, POLi, Apple Pay and PayPal; Skrill, Neteller, Trustly, paysafecard and Neosurf come next, and Bitcoin and crypto are covered as a topic.

No payment rules for betting accounts are established in statute, so what a provider accepts, and up to what amount, is its own affair and is not generalised. Offshore credits that go unspent may not come back, according to DIA. Recreational gambling winnings are, IRD guidance says, generally not taxable.

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