In this article, you will find a list of bookies which accept the Hong Kong Dollar as a deposit option. Hong Kong is a former British colony and is one of the fastest growing countries in South Asia. The influx of money there means that more and more people are willing to bet online on worldwide sporting events. Below you will find the sports betting websites which accept this currency, in addition to the deposit methods they offer, and details on gambling tax.
Where can you bet using Hong Kong Dollar?
|Bookmaker||Founded||Jurisdiction||Bonus||Min. Bet||Max. Bet||Grade||Review|
|2003||Malta||50% up to £200||£1||£5000||
|2015||Curacao, UK||£50||£0.1||No max||
These are all the top bookmakers that will take the Hong Kong Dollar as a valid payment currency and we highly recommend them:
- Bet365 – It’s highly unusual for bet365 to offer so little payment methods, but that is the case with HKD. Still, we think that the have a decent amount of options compared to other bookmakers, so it’s definitely worth it to check them out. Their customers can make deposits using PayPal, Entropay, Skrill, Click2Pay, fast bank transfer, wire transfer, cheque, and credit or debit card. Punters can also use them for withdrawals although there are different limits which apply to each method. Visit Bet365 now!
- BetVictor – This is another site which accepts deposits made using Hong Kong Dollars, but they have even fewer deposit options than bet365. PayPal, Skrill, and credit/debit cards are the only ways you can deposit HKD into your account. The withdrawal methods are the same as the deposit ones. Visit BetVictor!
Gambling Tax in Hong Kong
Citizens of Hong Kong don’t have to pay tax on their gambling winnings. The reason for that is because the government doesn’t want to license online casinos based in the country, so punters have to use foreign gambling operators. You don’t have to worry about breaking the law because it’s completely legal.
The same principle can’t be applied to regular gambling where you have to pay taxes, but the amount is really small. The internet is constantly growing and there are more and more punters from Hong Kong, which is why we wouldn’t be surprised at all if the government decides to ease off of online gambling and make the winnings taxable, but until then they are tax-free.
What payment methods should people who want to deposit in Hong Kong Dollars use?
Hong Kong is being controlled by the Chinese government which is very strict on online gambling and doesn’t allow many deposit methods for punters to use.
Even though debit and credit cards are accepted by the majority of bookmakers, people still often prefer to use the service of e-wallets like PayPal and Skrill. That way you feel more secure because the whole process becomes anonymous and you won’t have any problems making deposits.
That’s why we think that you should use Skrill when depositing money into your gambling account and using Hong Kong Dollars. Of course, there are some transaction fees, but the cost is reasonable compared to other competitors and is worth it for a bit more security.