Online Gambling could be used to pay for covid problems

[nasipadang]

I think that the physical casinos have gained the much. And online maybe as well to. Depending if they were allowed to open. The sportbooks had the worst time probably, but I do not know the marks from that.
Most sportbooks these days have sports and a casino, to offer enough. And in a few months, maybe everything is back to normal and then they will come out even stronger and bigger as before.

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[iamsheikhadil]

I think it might affect players because then the casino would have to actually make more profit to pay up for the government fees, and the only way they can do it is by increasing the house-edge. That will be loss to players in the long run. But the thing is, if the government will be using these lost funds for the benefits of people then I don't see any harm. If I lose big, and the casinos pay some part of it to the government, I'll see it as a tax from me to the government and the government if honest, will use the money for public benefit which is to benefit me only. So it's a win even at loss

No, I don't think they need to do that they can only give in government a share from their earnings and will not ask for more than their capacity to pay for taxes . Its business no need to ask for too much in tax if they only want is to have help from online gambling thats why they want to regulate it.

Asking too much will result of online casino to lost so I don't think they will push to ask too much taxes .

I'm not sure but most online casinos don't pay anything to the government. They just make huge profits, pay for their staffs etc. They just pay a commission for their license and that's all. But just like any other business out there, casinos should also be made to give taxes because casinos are one of the highest revenue making businesses out there! Hence it makes sense to why they can be taxed.

[Inkdatar]

I think that the physical casinos have gained the much. And online maybe as well to. Depending if they were allowed to open. The sportbooks had the worst time probably, but I do not know the marks from that.
Most sportbooks these days have sports and a casino, to offer enough. And in a few months, maybe everything is back to normal and then they will come out even stronger and bigger as before.

For the physical casinos that's another issue to discuss if government will allow to operate. Government is finding ways to regain its economy because of this pandemic no revenue no gains. Their finding ways in which they could acquire tax to sustain the economy problem. So for sure that’s a lot of things to discuss by the government if allowing to operate online gambling.

[CarnagexD]

I think that the physical casinos have gained the much. And online maybe as well to. Depending if they were allowed to open. The sportbooks had the worst time probably, but I do not know the marks from that.
Most sportbooks these days have sports and a casino, to offer enough. And in a few months, maybe everything is back to normal and then they will come out even stronger and bigger as before.

For the physical casinos that's another issue to discuss if government will allow to operate. Government is finding ways to regain its economy because of this pandemic no revenue no gains. Their finding ways in which they could acquire tax to sustain the economy problem. So for sure that’s a lot of things to discuss by the government if allowing to operate obline gambling.

As far as I know governments are slowly reopening the economy, and this includes the casinos and restaurants that contribute a lot of tax for them to work. The only problem that I think is will be coming from the player since there are people who are asymptomatic, perhaps they didn't know yet they enter to a casino and infected others. This gives the online gambling so much light to most of gamblers  out there.

[Cling18]

We're still in the midst of the pandemic crisis so I believe that the government will always find ways or alternatives on how to fund the needs of each country and it's one of the best choice that they have. Lots of online activities and businesses these days are being taxed. I'm sure that if it happens in most countries, it will still bring a negative impact for gamblers. We might lose the privacy that we want in online gambling especially when they regulate it.

[ReiMomo]

I guess this is good for the economic recovery which is helping the government economy to grow faster. We know that most countries now have the same problem. To recover from the pandemic that most people lost their job and the revenue of the state has been lost due to the people and more establishments did not run their businesses because of the lockdown.

Gambling industries are the best way that can help to recover economic growth. They will also have revenue by paying the owner by the tax even it is in online gambling and operated legally.

[Fortify]

Gambling in Europe has been heavily regulated for many years, probably more than anywhere else in the world. I do believe that many more people are gambling during the current pandemic, so in a round-about way these online casino companies will hopefully be paying their fair share of taxes which will help. Hopefully people gamble in a controlled fashion and are only spending money that they can afford to lose.

[Porfirii]

In Spain yesterday was published the legislative project that aims to tighten the regulation of on-line gambling, specifically due to the covid crisis, and in order to apply the european laws.

Now starts the motions phase, so it is not a closed document, but in a few weeks/months we will see something concrete on this topic at least in said country.

[shield132]

There is some logic behind it and despite the fact that I have been in touch with b2b service providers and was working in online casinos, I have to say that it's not really a bad idea. During pandemic and lockdowns, there was an enormous rise in traffic. It was great for business but it was an indicator that people were spending too much money on casinos. I think most of them wouldn't be very rich, so money was very necessary during this lockdown because you are in stuck, no work and no income. Yeah, people may need entertainment but at the same time we have to consider reality and it's that people can't have much control over themselves when it comes to gambling. For this, we started an active campaign for responsible gambling and I think we played our role in it to inform players and help them to spend less money.

But limitations that Germany sets is very tough, we need moderate control, we shouldn't kill this segment and have to consider that a lot of people work there too and they have their families, they need money.
Another deal to my mind can be if governments increase taxes for a while and use those funds to help people who really need during this covid. I know it sounds like a terrible idea but I believe it's not that bad for a limited time. Here it will be like: Money from those who have a lot goes to those who don't have and need it.

[TimeTeller]

There is some logic behind it and despite the fact that I have been in touch with b2b service providers and was working in online casinos, I have to say that it's not really a bad idea. During pandemic and lockdowns, there was an enormous rise in traffic. It was great for business but it was an indicator that people were spending too much money on casinos. I think most of them wouldn't be very rich, so money was very necessary during this lockdown because you are in stuck, no work and no income. Yeah, people may need entertainment but at the same time we have to consider reality and it's that people can't have much control over themselves when it comes to gambling. For this, we started an active campaign for responsible gambling and I think we played our role in it to inform players and help them to spend less money.

But limitations that Germany sets is very tough, we need moderate control, we shouldn't kill this segment and have to consider that a lot of people work there too and they have their families, they need money.
Another deal to my mind can be if governments increase taxes for a while and use those funds to help people who really need during this covid. I know it sounds like a terrible idea but I believe it's not that bad for a limited time. Here it will be like: Money from those who have a lot goes to those who don't have and need it.

I am with that concept of getting money from those who can afford and give it back to those badly need it.
If they are still gambling despite of the situation, that means most of them can afford to allocate funds for gambling, right?
I don't think a responsible family man will take the risk of sending his money (supposedly for his family's food) to the online casino.
As a gambler, you know the risks involved in these games. So you should not expect that you will win afterwards.
So yes, why not get the tax from these online casinos and give their fair share as they can continuously operate even during this pandemic.

[nakamura12]

It will not affect the online casino since they only need to pay for the taxes. Their profit will be affected by it and I think that the taxes that an online casino tax should be given to those who are poor. In that way, the casino and gamblers can help those people who are in need of help.

[nelson4lov]

What do you think ?
Is this essential? Would it affect the online casinos?
 

In my opinion, The disadvantages of such a move outweighs the benefits. One of the biggest reasons why people choose crypto gambling platforms as their de facto choice for  gambling is because they can engage in an activity like that while still maintaining their privacy. If that's gone, Not sure there would be enough reasons to stick with them anymore. However, if casinos and other gambling sites don't request KYC/AML verification, then privacy won't be compromised.

Either way, i don't like the idea even though it might checkmark illegal/spam platforms but it does more harm than good to the crypto gambling space.

[pixie85]

I don't know if it has been shared or not , but Europe is considering to tighten the laws of Gambling especially the online ones. They want to **regulate** it , which actually means that they want these online gambling casinos to pay up the government somehow.

You answered it already. They don't want to help in anyway they just want the money.

I see only cons of this. More corruption because casinos who don't pay the government could be closed which will limit the competition on the market and those that will pay will have to make it back somehow.

The government will get its money, casinos will increase fees to get you to cover the loss, dark web casinos will still operate without licenses, some will go bankrupt and some will have to move to other countries. Nothing will change for the better.

[MCobian]

Of course, imposing taxes on online casinos is very important for the government, especially in a situation like now where the country
needs a lot of income. And through the online casino the government can get quite a lot of money, considering that the circulation of
money in the online casino is very large. But for gamblers this is a threat to their privacy, because there is a possibility that online casinos
will eventually impose KYC.

[Twinkledoe]

Of course, imposing taxes on online casinos is very important for the government, especially in a situation like now where the country
needs a lot of income. And through the online casino the government can get quite a lot of money, considering that the circulation of
money in the online casino is very large. But for gamblers this is a threat to their privacy, because there is a possibility that online casinos
will eventually impose KYC.

One of the few businesses that survive when the whole world shut down. Actually, instead of reducing their number, online casinos thrive during this crisis. In this forum alone, a lot of new casinos were born and introduced during that period. But it only depends on the government how they can monetize these online casinos that are operating within their area of responsibility. Because a lot of them are licensed outside their jurisdiction.

[ChiBitCTy]

This is an interesting topic and I think you've got a very good use case in the one over in the United States.  I live in the state of Illinois and just recently ( Jan 1) laws went in to effect legalizing gambling.  It legalized gambling across a broad spectrum of types of gambling such as online, in person etc.  This was in large part due to the fact that my state is broke. It will and has certainly gained valuable revenue and tax dollars for the state as well as helped cut down on people going to scam casinos online.

They can certainly use my state as a case study.

[celot]

If from direct gambling sites, there are rarely foundations or even communities that want to accommodate the results of gambling sites, but there are ways to outsmart things like this, namely by setting aside a portion of the profit from the betting proceeds donated to certain foundations, if the individual who gives it will definitely be many foundations that will receive assistance despite the actual results of gambling. Especially during a pandemic like this, many have difficulty finding income, as well as the government who has difficulty how to prevent Covid 19 from ending soon. But with the help of each other, we can quickly relieve the victims of Covid 19 and restore the nation's economy to return to stability and normalcy.

[Janation]

If online gambling starts to regulate by the government, so they could have funds to support their COVID problem is an excellent idea because hospitals will not worry about treating their COVID patients. But not for everybody, especially for online gamblers, because it might increase its fees. There are chances for players to limit themselves from playing because they need to save money not to pay expensive fees.

Or make them find another way to avoid this.

People won't just stop doing things just because they needed to pay for it, they would find a way to keep on gambling without that fees and that just means gambling on another site that is not regulated by the government. These sites are just following the government policies, and I agree with you that this is just for the own good of their country and its people.

[btc78]

I totally support the government action towards this matter because at least funds will be taken from those casino operators and companies that bagging tons of money from gamblers and pays small amount of taxes.
and besides this is to help people that In need specially this pandemic time that we already knew about How European countries suffers a lot and needed funds to support their people.
in some manners at least the government is seeking for Legit way of taxation and not just suck implementation .

I think there are still many offline and online gambling places that don't provide tax properly and correctly because the government is still difficult to collect taxes at gambling places, because not everyone can get a lot of wins and what will happen if the gambler loses a very large amount much do they have to pay taxes because usually when companies are asked for taxes they will give additional taxes to their customers, because I am sure the owners of gambling places do not want to lose because of taxes.

That is the point why i support this European Government action towards this taxation from gambling operators.
Because the only winner in gambling is the owner and management and players just always give their money in casinos.

I hope this will be implemented in the whole world as everyone is struggling against Covid while gambling operators are contiuously gathering and bagging Money from people.

and also those Illegal gambling must be take down and pays for their obligation since they start to operate.

[Alucard1]

It is essential for the government because they will get more profit from that, the government is always looking for some ways to earn money and they see online gambling may help for the pandemic virus, even though their intention is good, there are still benefits from them becuzs eof having hidden charges mentioned above.

Just ironic though, governments are blaming gambling because they said that it is harmful specially if someone becomes an addict.

Not all because some casino gambling is owned by the government and it is one of their way to gain more profit so they wouldn't blame it at all and besides it depends on the person if he or she is going to be addicted or not, it is in the proper control and good mindset.