Are the Big Gambling sites paying taxes?

[pokeronlinestatus]

Those gambling sites that registered and given permit to operate are the ones that hould pay their taxes. There are many online gamblings that has no actual offices, and mostly runs by softwares. These sites raked millions of dollars in profits and don't pay any taxes at all.

Exactly, the sites which are enrolled in government’s papers pay taxes because in case if they don’t do so, they are going to face deep troubles. The government would ban such sites if they will not pay the tax and the requirements for their releasing would definitely be the tax itself, also a heavy amount of fine which they would pay for their wrong doing. Keeping this in mind, they are happy to pay the tax only.

[newinbtc]

Yes they are paying tax that's why they are on the top if they do not pay taxes it called illegal services as per government norms. basically it depend on from where they are operating the casino if it online than may be few percent from the house edge they are paying to government ,IF they do not pay taxes government will declare Illegal and ban that site and also arrest their staff for violating the terms and condition of government . Some online gambling sites just show the the office address but in real no office address actually they are running on software basis , most of time that types of sites do scam in the last and run away with customers money.

[Noilee]

Yes, big gambling sites pay taxes, especially a popular gambling sites. They wont allow to operate if they don't pay taxes to the government, if they wont pay taxes it would be illegal so they pay taxes. Most of gambling sites are pay taxes and almost country will charge taxes to the big  gambling sites. Even the small gambling sites was not exempted for the taxes all should be obligate to pay taxes so that they it will be legal.

[SamsungBitcoin]

Of course this is kind of business and all business are subject to pay taxes, legal gambling site has a permit to operate that is why they have a paper that they need to pay taxes but there are some big gambling site didnt pay taxes but they are illegal business run by some government officials because more illegal activities here in my country which the official is the first owner of that businesses.

[rodskee]

Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.

[milewilda]

Those gambling sites that registered and given permit to operate are the ones that hould pay their taxes. There are many online gamblings that has no actual offices, and mostly runs by softwares. These sites raked millions of dollars in profits and don't pay any taxes at all.

Exactly, the sites which are enrolled in government’s papers pay taxes because in case if they don’t do so, they are going to face deep troubles. The government would ban such sites if they will not pay the tax and the requirements for their releasing would definitely be the tax itself, also a heavy amount of fine which they would pay for their wrong doing. Keeping this in mind, they are happy to pay the tax only.

It would be just normal to think of regarding on this matter because its just normal that they would pay up taxes because they wont able to get documentations or be considered as legal if they would avoid such thing and they would really face problems later on when government would find out that they are running gambling business which we do know we are talking thousands or millions of money here and been known that they are not paying up taxes? For sure they would be fucked up.

[poplolnman]

Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.

Unfortunately there's only few bitcoin casino who have registered legitimately and that's because they caught by the government itself to pay taxes. Believe me no one wants to pay tax, as long as they are free from government radar they won't do it . Especially Bitcoin where everything are running anonymously.

[reliable]

Yes of course especially the land based casino gambling need to pay taxes in all governments where is the gmabling house location, also the leget online gambling need to get government permit to operate.

They have no choices also because else definitely the notices would be sent if they do not pay taxes and they may have to shut down their casinos. Also I think the tax department would be checking every year how much they pay taxes and if they find that its less paid they would go and do the raid so that they can get more money if paid less.

[Kotone]

This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.

It depends on their country wherr they are operating because that if the country that they are operating have regulations in place for digitized currency or cryptocurrency then there kust be something that we should all do in regards to following them

[michkima]

This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?

What is the legal approach here?

Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?

Thanks.

It depends on their country wherr they are operating because that if the country that they are operating have regulations in place for digitized currency or cryptocurrency then there kust be something that we should all do in regards to following them

Generally every business should be paying taxes, however I don't think every online casino is doing it. I think if they can get away with it, they will. Anyway, how will governments tax them unless they declare they are operating under them then no one can really know that they need to be taxed. Taxing something online is really a difficult thing to do, since it is not physical and it crosses all jurisdictions of the world because it is online.

[Asmonist]

I think not all. I mean some maybe. However, it also depends on the government of each country doing so. Well its really hard to monitor on these gambling sites. But I believe each countries had made procedures for this tax issues and legalities of cryptocurrencies. I guess its not really totally legal. Its just the authorities were left behind. I mean the cryptocurrencies have existed before they had made some legalities. This is really so hard for them. I hope both parties can solve the issue of equal benefits. Hoping it would not hamper the legal online gambling sites and so with other cryptocurrencies.

[BlockEye]

I think not all. I mean some maybe. However, it also depends on the government of each country doing so. Well its really hard to monitor on these gambling sites. But I believe each countries had made procedures for this tax issues and legalities of cryptocurrencies. I guess its not really totally legal. Its just the authorities were left behind. I mean the cryptocurrencies have existed before they had made some legalities. This is really so hard for them. I hope both parties can solve the issue of equal benefits. Hoping it would not hamper the legal online gambling sites and so with other cryptocurrencies.

I think it will depend if they have a physical company, or physical organizations, those big online casinos might paying tax since they have numbers of employees, though it still depends on rhei vountry how strict they are in implementation of taxing.

[siti25]

I think not all. I mean some maybe. However, it also depends on the government of each country doing so. Well its really hard to monitor on these gambling sites. But I believe each countries had made procedures for this tax issues and legalities of cryptocurrencies. I guess its not really totally legal. Its just the authorities were left behind. I mean the cryptocurrencies have existed before they had made some legalities. This is really so hard for them. I hope both parties can solve the issue of equal benefits. Hoping it would not hamper the legal online gambling sites and so with other cryptocurrencies.

Not all because many also want to make as much profit as possible, so they are unwilling to pay taxes. Though tax is a must, when you've paid taxes then your site will be safe from blocking. Not paying taxes means the site is legal, and when cyber crime finds it, the future of the site may be dark.

[audrey12]

I am sure no gambling site pay taxes if ever there is surely they did not pay properly besides there is no specified tax to be impost for such gambling site other than putting tax to winnings from lottery. I think as much as government would like to collect proper tax from gambling sites they cannot do it for they cannot control the market of this site even monitor the income it earns from operations

[tbterryboy]

Of course. Try to imagine, every big gambling house, definitely get a great income as well. The government certainly does not want to lose taxes for it. Taxes are also useful for large gambling house (and official) as legal protection.

Exactly! Big sites are paying taxes of course because they are also enrolled in government’s documents and after that they become authorized and can continue their work.

They do pay taxes because tax is totally for the welfare of their country and if they will not pay tax, government will block their site and also will find them for their unfair doing, so they like to pay some amount of tax instead of getting blocked and all things ruined.

[iv4n]

Of course. Try to imagine, every big gambling house, definitely get a great income as well. The government certainly does not want to lose taxes for it. Taxes are also useful for large gambling house (and official) as legal protection.

Exactly! Big sites are paying taxes of course because they are also enrolled in government’s documents and after that they become authorized and can continue their work.

They do pay taxes because tax is totally for the welfare of their country and if they will not pay tax, government will block their site and also will find them for their unfair doing, so they like to pay some amount of tax instead of getting blocked and all things ruined.

Many casinos are paying extra taxes like tobacco companies, but all that depends from place they operate, in which country. We pay tax for breading the air, today everything is taxed somehow, and some things and companies in some countries have enormously big tax, luxury is taxed a lot in many countries now.
If casino isn't legit and don't pay tax, some underground casinos they pay some kind of protection to mafia, that is same like tax, its something you can't get away from.

[elash]

I don't think that gambling websites were paying taxes. Majority of the gambling websites tries to operate over the countries were there are much legal issues. With cryptocurrency functioning gambling websites everything happens online, so that can operate in some other country based on the legal requirements.

a very big yes, because here in our country the big gambling sites operate only with the open permit, and as i know they operate in legal ways, and casinos here in our country is one of the biggest tax payer in our country.

[warwar]

I think most of the gambling sites that operates with crypto-currencies instead of fiat money don't pay taxes to the government to their country they reside at, I have seldom seen a gambling site releasing their yearly financial statement about the sites profits and losses.

Agree, also bitcoin because it is decentralized. Though fees are really big but other than that you could say that it has no tax at all. But if we are  talking about the website , its operations or its maintenance and not talking about profits will more likely have fees because they will using they own money to build the website. Hopefuly in the future altcoins and bitcoin still have no tax at all.

[crwth]

If you are a legitimate site and would want to continue operating, they should abide by the laws in which they are located. Lucky for them if the country they are in doesn't have anything against that or something but knowing that casinos earn a lot, it wouldn't be much of a hassle to cooperate with the government. It would be certain that people have cooperated with them to ensure safety, especially for its members.

[shintosai]

If you are a legitimate site and would want to continue operating, they should abide by the laws in which they are located. Lucky for them if the country they are in doesn't have anything against that or something but knowing that casinos earn a lot, it wouldn't be much of a hassle to cooperate with the government. It would be certain that people have cooperated with them to ensure safety, especially for its members.

They will if law require them from where the server is located, both in house and internet based casino if they wanted to facilitate without any
interfere then they should pay taxes, those big and well established house have this as they know how to run the business well.