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Denmark’s government offers casino operators a gambling license that allows online casinos to conduct businesses related to casino, lotto and other gaming related activities. The license granted by the Danish Gambling Authority is one of the most popular licenses in the online casino space.
Denmark Gambling License is issued by the Danish Gambling Authority which is otherwise known as “ Spillemyndigheden ”. Just like most other gambling authorities, the Danish Gambling Authority aims to ensure the safety of online casinos to casino players.
To get the license, applicants for the Danish gaming license must first give a detailed account of their business practices to the Danish Gambling Authority. During the application process, the applicant must also provide an estimation of its costs and profits for the casino that they are founding. In addition to this, they must also present the Danish Gambling Authority their fully detailed business plan. The Danish Gambling authority also runs regular compliance audits for its licensees to ensure that the terms of the license are met.
Danish Gaming License Fees
The license fees for the Danish gaming license are high. Casino operators must pay license fees of up to 357,930 euros for their license, depending on several different factors. Under Denmark’s gambling laws, casino operators must also pay a corporate income tax of 28% for running their commercial gaming and gambling operations and pay a 15 - 20% tax on all bets placed on their websites. Fortunately, players of casinos that are licensed by the Danish Gambling Authority don’t have to pay any taxes on their winnings.
Many casino players trust the Danish gaming license, and for a good reason. It provides players with tax-free winnings and it guarantees the safety of a casino to players. Many online casinos where Europeans like to play at tend to also own the Danish gaming license. To find all the online casinos with this license, please visit the casino reviews page.
