Online Gambling could be used to pay for covid problems

[Oilacris]

As the economy is having problem and finding ways to keep them is to find  ways to taxed people and companies and now due to Pandemic many were just using their time more in online activities, may it be for their job, school as well in gambling so it's not really new that they will make it regulated for them to put tax. We can be a help the government in these way but it may put some restrictions in our gaming and sense of privacy.

This is a good alternative when tax will be implemented with online gambling, and as pandemic will be suppressed normal life will be saturated. Government need businesses to sustain, so in cooperation with different sectors I think it's an ample solution. Regulations should be imposed with definite classifications, not just with gambling but also for other types of institutions particular with online goods.

For some example here in our country where every business and institutions had already opened up their doors because it wont be sustainable if they do decide up to close everything excluding to those essentials.

Theres no other possible solution on where to get those funds to be used on lots of purpose but only to the tax itself. Last resort would be taking out some loans or debts from other rich countries
which it isnt really a wise idea where it would just worsen up the economic state of such country.

Gambling businesses is profitable even on this middle of pandemic, there were still gamblers that who do still play out and making this business still making some money or revenue.

[maydna]

Every country can make regulations related to gambling, and they can force gambling, whether it's offline or online gambling, to pay the taxes. The gambling owners should know and search for more about that, and they should obey it because if they break, I am afraid that the government will not allow them to operate.

If people should pay the taxes for playing gambling or get a limitation in using their money to playing gambling, I think that would be good since the government wants to help people reduce their time in gambling.

The decision will have two opinions from people who will agree and disagree, and that is the government's job to decide which is good for their country. Perhaps, that can affect the online casinos, but we know that the online casinos will figure out how to avoid the countries which have too many regulations.

[mezzaluna]

Its actually not just used to pay for Corona Virus related problems but rather even before the pandemic came, users are already resorting to gambling to sustain their daily living (only if you are winning). Online gambling is always helpful to people who really wants to monetize their time in some way although it can quite damage their capital too. Regulations regarding Online Gambling should depend on the website? I guess? Since they can cater international players.

[Janation]

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

I think that it is badly needed by the government.

Most of the funds of the government right now are focussed on how they would be able to take care of their citizens while also strengthening their medical force to fight this pandemic. For the gamblers, I don't think so since that just means more fees and as you've said, no anonymity. People might choose to gamble on other sites rather than stopping.

[Ayiranorea]

Online gambling can't be attributed with the covid-19 pandemic. Even before covid-19 people are much into online gambling. The usage of online gambling has increased during the pandemic lockdown followed around the globe. Gambling is just a small portion of one's entertainment. One is supposed to take care of their health, so for sure one needs to focus on developing immunity to overcome the covid-19 problem. For some reason we need to go to outer world for Survival.

[btc_angela]

Traditional casino's has not been impacted by government taxes, although some of them might be enjoying some tax cuts or good deal with the governments that's why they still exists even in a small countries. But taxing online casino's to prevent fraud? How is that? Do they take this online casino's in court? I don't think this is essential though, and it's hard to regulate online casino's by nature. It's much complicated that regular and traditional based.

[carlisle1]

This is the problem about government stands,they are suing the gambling casinos online because it can be harmful for their people but now the twist happens that they wanted casinos to add funds for covid Victims.
it is either they wanted this to be bread and butter or they admitted about cannot handle the gambling totally so" if you can't Hit them Just Join them "

Hope that this will not lure the gambling operators out of europe or instead of doing legally the operators will hide in illegal form of gambling.

[robelneo]

Online gambling is one of the few industries that thrive in the Covid period pandemic and imposing more tax measures will ease the burden of these nations, government are always on the look for revenues and since so many industries are down they are now looking on the obvious which is the online gambling, it's not that will affect the online casinos it's just that the action is understandable, and they can strike up a deal but not to the point that they will slice a big shares of the revenues.

[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 .

[Yogee]

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.

Governments have to tread carefully when it comes to tightening regulation and imposing more taxes on online casinos registered in their country.

The possibility of casinos passing off taxes to gamblers in the form of service charges is there. Many players will leave and move on to other online casinos iif that happens.

Governments will end up collecting less taxes from online casinos since players left because of tight regulations and increased service fees.

[Darker45]

The article doesn't seem to talk about regulating the online gambling industry to make a lot of money. Of course, legal online gambling sites pay taxes accordingly but there seems to be no plan for a significant increase during this time of COVID-19. On the contrary, there seems to be a tightening on gamblers' spending.

• In the UK, the proposed overhauling of its gambling laws would instead diminish gambling tax revenue rather than increase it. The proposed gambling reforms will tighten instead of loosen the existing gambling laws.
• In Germany, online gambling, which was once banned, will already be allowed next year but it was mentioned that the step is not in reaction to COVID-19. Furthermore, strict measures such as setting a €1 maximum limit per slot spin and €1,000 monthly deposit limit are in place. Gambling ads will also not be allowed late at night.
• In Sweden, amidst the pandemic, the "government called for a mandatory weekly deposit limit of SEK5,000 and curbs on bonuses for the rest of 2020." This measure has caused a significant drop of gambling revenue in the middle of the pandemic.
• In Latvia, the government has instead stopped all online gambling as part of the government's COVID-19 response earlier in the year, although the country eventually allowed its operation months later.
• In the Netherlands, online gambling has yet to be legalized.

All in all, I would say there is no sign, much less pattern, that online gambling is being used to raise money to pay COVID-19 expenses.

[Poker Player]

That's just another excuse to rip people off. It's like environmental taxes, the ones added to gasoline, for example. Do you think the government spend them to plant little trees? No, that money goes into the common budget and from there they go on spending, which is the only thing they know how to do, spend, spend, spend.

If those taxes are imposed, then, when the COVID-19 crisis is over, the taxes will still be there.

[Google+]

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.

[rodskee]

Governments have to tread carefully when it comes to tightening regulation and imposing more taxes on online casinos registered in their country.

I think Europe did deep and thorough investigation before imposing this one.

The possibility of casinos passing off taxes to gamblers in the form of service charges is there. Many players will leave and move on to other online casinos iif that happens.

This is the problem because for sure the Casino owners won't let their income be lessen just because of taxation and the probabilities are always there that it will be passed to the gamblers.

Governments will end up collecting less taxes from online casinos since players left because of tight regulations and increased service fees.

This is the worst scenario of this government action but i think that desperation is what leads the government from imposing this law.

[Wexnident]

Guess the government has to somehow pull out funds from somewhere else cause clearly they aren't able to carry the burden anymore. A lot of mixed reactions here, but it would end up in mostly negative reactions from the side of gamblers tbh. mostly due to possibly due to this being a simple excuse for the government to rip off money from gamblers, who are in fact just minding their own business on one side of the world. It's like slamming the door open to a house, demanding payment for some stupid rule that the king decided for the "greater good".

Plus, I imagine that the same rule would still be in place even without the Covid. This probably just gave them a suitable excuse to implement such a rule. Though it isn't exactly without benefits, but honestly, even without it, gamblers would still be quite happy with their lives.

[swogerino]

In this pandemic time all the governments are trying to get revenue in taxes from almost every business they can think of.The first total lockdown was so bad for many businesses and now the governments want more taxes.Online gambling sure can add taxes but it is not good for us gamblers and our privacy in general.I think crypto casinos should be safe from this law if it is implemented for Fiat casino.

[DoublerHunter]

~snip~
Plus, I imagine that the same rule would still be in place even without the Covid. This probably just gave them a suitable excuse to implement such a rule. Though it isn't exactly without benefits, but honestly, even without it, gamblers would still be quite happy with their lives.

^ But at least through the gambling companies located in EUROPE, their government had to find ways to generate revenue for covid victims.
Probably this is the best way to get fast recovery their economy from the suffering of the economic problems that most countries were experienced. And gambling industries really had useful resources that help to boost economic growth. Nevertheless, since they are regulated gambling there is no way for them not to pay taxes that implemented.

[celot]

~snip~
Plus, I imagine that the same rule would still be in place even without the Covid. This probably just gave them a suitable excuse to implement such a rule. Though it isn't exactly without benefits, but honestly, even without it, gamblers would still be quite happy with their lives.

^ But at least through the gambling companies located in EUROPE, their government had to find ways to generate revenue for covid victims.
Probably this is the best way to get fast recovery their economy from the suffering of the economic problems that most countries were experienced. And gambling industries really had useful resources that help to boost economic growth. Nevertheless, since they are regulated gambling there is no way for them not to pay taxes that implemented.

I think that is very wrong and it is not true that there is a gambling platform involved in raising funds for victims of Covid 19, perhaps many are expecting how the current gambling site can help Covid victims by providing medical devices for medical personnel and also helping for humanitarian action other.  There may also be some foundations that do not accept assistance from betting sites which are prohibited in all religions because it can harm themselves and also harm their families, even if you are addicted to gambling, all your assets will quickly run out. However, it all depends on each individual, whether playing gambling is just a hobby or just for fun, there are also those who make gambling their main livelihood.

[molsewid]

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

It is essential for the government because they need to find more ways to generate more money to fight covid problems.
Obviously, it would affect online casinos. Some gamblers prefer these casinos because they charge low fees. If they add extra charges and required users to pass valid I.D, some players might want to stop using these casinos.

[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