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Importing casino winnings into Germany from the USA.

February 4, 2017 | 25,00 EUR | answered by

Hello, I have the following question:

If I make a profit of over $600,000 playing Blackjack in the USA over a period of 8 weeks and bring it back with me, I know I have to declare it at customs at the airport, but do I have to pay taxes on it? If yes, how and how much? Would hotel receipts for the period be enough as proof, as the casinos do not provide receipts showing how much I won there, like $1200 here, $600 there, etc.

I have developed a strategy that has always worked for me in casinos in Germany, but I need as many casinos and Blackjack tables as possible without traveling far, and based on my calculations, depending on the stake, making $600,000 in 8 weeks is realistic.

I have read many reports already, but no one is 100% sure, so I kindly ask you to only answer my question if you are 100% certain.

I would also appreciate any additional information I should be aware of.

Thank you and I hope for a reliable answer.