Online Gambling could be used to pay for covid problems

[AicecreaME]

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

If we're going to think that it's for a good cause then the answer is Yes, it is essential. Casinos pays a huge tax to the Government no matter how big or small their bankroll is, that's why if your online gambling site are not making that huge of a bankroll, it's better to shut it down or you'll be arrested by the police. Because if you insisted to regulate your online gambling business by the Government, then you'll be losing your profits and it'll all go to the tax you're going to pay.

The ones that's gonna remain are those big time online gambling sites in Europe. Surely it'll help their country and citizens if their Government will not steal the money (fingers crossed)

[robelneo]

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.

Their are pros and cons on this subject if you are living in a country that needs additional revenue and you see that the site you're playing can contribute and the government wants to impose additional taxes I can understand that, I'm living in a country where we badly need more source of revenues I can do away with KYC as long as my government can protect me from getting scam and mediate on issues where I'm playing, but not all gamblers will agree with my opinion..

[Ziskinberg]

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.

Their are pros and cons on this subject if you are living in a country that needs additional revenue and you see that the site you're playing can contribute and the government wants to impose additional taxes I can understand that, I'm living in a country where we badly need more source of revenues I can do away with KYC as long as my government can protect me from getting scam and mediate on issues where I'm playing, but not all gamblers will agree with my opinion..

The fact that the government will regulate a gambling site, that also means protection from scammers, but it doesn't really mean that you are not going to be scam as though a casino is already regulated and they know the crime they will commit if they will scam, some would still do it.

[bitbunnny]

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.

Their are pros and cons on this subject if you are living in a country that needs additional revenue and you see that the site you're playing can contribute and the government wants to impose additional taxes I can understand that, I'm living in a country where we badly need more source of revenues I can do away with KYC as long as my government can protect me from getting scam and mediate on issues where I'm playing, but not all gamblers will agree with my opinion..

This is very tricky issue. Many countries have found themselves in deep crisis due to the covid pandemic and they desperately need money. However, I don't think that additional taxes for gambling sites could be the answer to that. Such funds will not be enough and gamblers might opose to that looking for illegal gambling sites which might lead to another type of problems. I don't think that any state could be saved with gambling money.

[CODE200]

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.

If corruption exists in a country where gambling would be regulated, taxation won't be that much of a help in order to aid economic problems. It will just be thrown in the pockets of those who are regulating gambling industry. The idea is already there, which is to help, but that won't be enough if the one leading this action is not dedicated to his actions. In our country, there's this taxation of 5% in franchise and 50%in the total winnings. It is said that the tax will go to projects such as civic and infrastructure projects but that's not happening. Roads are still damaged, establishments are mostly owned by private sectors. Public establishments are only limited. Why not just say we want the money and just do your thing? Kidding aside, as I've said, the though is already there.

[Lorence.xD]

I don't think this is justifiable, at least not in the case of pandemic! The same governments created the entire mess with their actions (locking down, forcing people to stay home...) and now they wish to make money on someone else's back?!
Maybe I live in fucked-up country where I developed my distrust to any kind of government, and I know that tax money is not going back to the people and developing of the country, it goes straight in the pockets of powerful! Just to be clear about one thing, I am not against the tax if it's used in the right way, but if the tax is the robbery than I can't support that!

My statement was generalized, and I can sympathize with you because the corruption is prevalent here in my country too (Well, most third-world country are corrupt anyway). If the government is not corrupt then I think that imposing taxes on gambling online or physical is a good thing. The sad thing is no matter how much we disagree with the government in regards to taxes, they will still do any means necessary because they are the biggest corporations in the nation, veiled by the pretense of running the country.

[rodskee]

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

If we're going to think that it's for a good cause then the answer is Yes, it is essential.

it is surely for a good cause mate because it was mentioned that will Help the Covid victims.

Casinos pays a huge tax to the Government no matter how big or small their bankroll is, that's why if your online gambling site are not making that huge of a bankroll, it's better to shut it down or you'll be arrested by the police. Because if you insisted to regulate your online gambling business by the Government, then you'll be losing your profits and it'll all go to the tax you're going to pay.

actually regulating gambling sites is depend in which country you are operating thats so it will be a matter of obligation and helping hand.

The ones that's gonna remain are those big time online gambling sites in Europe. Surely it'll help their country and citizens if their Government will not steal the money (fingers crossed)

actually they may created a illegal gambling site as extension if the taxes will be as high that they cannot expected.

[freedomgo]

actually they may created a illegal gambling site as extension if the taxes will be as high that they cannot expected.

Illegal? There's no reason to have the other one licensed if they will have an extension which is illegal, being a legal casino, they know the risk and how big the penalty that they will pay, actually it's better to just choose one, either you want to run a legal or illegal casino.

[Janation]

actually they may created a illegal gambling site as extension if the taxes will be as high that they cannot expected.

I don't think they would do that.

They would continue to offer their services to these gamblers and at the same time, follow the policies needed or required by the government. I think instead of the owners avoiding that huge taxes, I guess it would be the people that would do that. They've been taking care of these gamblers for so long and I don't think they would risk that for avoiding those taxes.

[pilosopotasyo]

actually they may created a illegal gambling site as extension if the taxes will be as high that they cannot expected.

Illegal? There's no reason to have the other one licensed if they will have an extension which is illegal, being a legal casino, they know the risk and how big the penalty that they will pay, actually it's better to just choose one, either you want to run a legal or illegal casino.

That's to risky they will get their licensed revoked if authorities found out that they are also operating illegal gambling casinos, they should go for regulated or get into a compromised that will protect their platform and at the same time protect their clients, the most important here are their clients, this is the best time for gambling casinos to help their country from the taxes they are going to pay.

[Shasha80]

For my country it is impossible to impose taxes on online gambling, because my country does prohibit gambling activities.
So only countries that do allow gambling can get taxes from online gambling. But for countries that can indeed impose taxes
on online gambling, I think it's natural for them to do that. Because the government definitely needs income in a pandemic
situation like now.

[Debonaire217]

For my country it is impossible to impose taxes on online gambling, because my country does prohibit gambling activities.
So only countries that do allow gambling can get taxes from online gambling. But for countries that can indeed impose taxes
on online gambling, I think it's natural for them to do that. Because the government definitely needs income in a pandemic
situation like now.

Perhaps, online gambling will be the key to implement it especially if the online gambling platform was registered to a country with strong regulation, it is quite sure that there will always be a transaction fee tax that will be for the government. I just wonder why most of the gambling site as of today is registered in the country of Curacao. The biggest possibility is that these gambling casinos aim to be registered to this country to escape taxes or perhaps, pay a small amount of tax for them to acquire relatively higher income than other casinos.

Though there are other available casinos, it is up to us to play for a cause, not just to gamble and test our luck.

[smyslov]

The sad thing is no matter how much we disagree with the government in regards to taxes, they will still do any means necessary because they are the biggest corporations in the nation, veiled by the pretense of running the country.

You hit it, we never can say no, we can lobby but in the end it is for them to decide who or what to tax and how many percentage, the gambling  alcoholic beverages  and cigar in our country is the most taxed, we even have a sin tax for these industry and products, this is according to them is to discourage people from buying and patronizing, but they cannot stop people they will still gamble and buy these products.

[matchi2011]

The sad thing is no matter how much we disagree with the government in regards to taxes, they will still do any means necessary because they are the biggest corporations in the nation, veiled by the pretense of running the country.

You hit it, we never can say no, we can lobby but in the end it is for them to decide who or what to tax and how many percentage, the gambling  alcoholic beverages  and cigar in our country is the most taxed, we even have a sin tax for these industry and products, this is according to them is to discourage people from buying and patronizing, but they cannot stop people they will still gamble and buy these products.

Government got that privilege so whatever opinions we  have from this concern it not use to decide but them, what we can do is to follow and to hope that they won't do something that will hit hard.

Gambling activities always been there, with government eyeing for additional resources since the pandemic affects the economy surely this venue will not be exempt but one of the best fitted place.

[Ridwan Fauzi]

I don't know why if many people choose to play gambling at this situation. Gambling is not a place to earn money especially for those who play, this is a place to spend money. I do believe that there will be a gambler who just leave the gambling environment due to they didn' have money to play, unless they are gambling addict who can't leave their habbit. And of course for the government, why they have a plan to earn money from the gambling environment, that is really shame for them. They should look another sector which can really encourage economic growth in pandemic situations.

[ethereumhunter]

I don't know why if many people choose to play gambling at this situation. Gambling is not a place to earn money especially for those who play, this is a place to spend money. I do believe that there will be a gambler who just leave the gambling environment due to they didn' have money to play, unless they are gambling addict who can't leave their habbit. And of course for the government, why they have a plan to earn money from the gambling environment, that is really shame for them. They should look another sector which can really encourage economic growth in pandemic situations.

I think they lack entertainment because of this pandemic, and they need to relax by playing gambling as usual. Besides a lack of entertainment, they are usually playing gambling to try to make money. And in these situations, they need money, so they still playing gambling, hoping that they can make money from gambling. I am sure that not many gamblers are still playing gambling in these situations, and many of them are saving their money to buy their daily needs.

[wxa7115]

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.

https://www.euroweeklynews.com/2020/10/22/will-european-countries-regulate-online-gambling-to-pay-for-covid-19/

We already have laws regarding these casinos but I do believe for the government it is not enough.

Pros:
 1. Can help regulate the spam casinos
 2. People will have security
 3. They will be protected by the laws

Cons:
 1. People will have to actually pay up more indirectly for extra charges
 2. No privacy

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

Governments are trying all what they can in order to try to get their hands in some more money but I think we are reaching the limits of what big governments can do, if instead of trying to get more money just to sustain themselves they actually tried to become smaller so the government was a lesser burden to all their citizens then they could resolve this issue quite quickly, but that never crossed their minds as if they want to regulate all the actions of their citizens they need more people, more money and more technology.

So to me this argument that they are doing all of this just so they can pay for the pandemic is nothing more but a smokescreen I am never going to believe.

[Becky666]

The havoc the pandemic caused our various government could be the reason behind this move from country like the UK among others, this is essential as they find it difficult to sustain their revenue generation. For any government to continue with their activities financially, it is imperative for them to look beyond the traditional scope, this might be reason they tends to shift towards online gambling for revenue generation which call for urgent regulation. The benefits we will get from this act will be more positive than negative IMO. Scammers wont be easily found among the online gambling platforms becasue of government regulations which will protect the right of the players.

[BITCOIN4X]

My top priority on online gambling especially on cryptocurrency-based gambling is privacy. I have previously gambled online using fiat and it was quite annoying as I had to have a dedicated bank account for this due to privacy and security. I will never use my main bank account on gambling sites many of which have been blocked by my country's government. The cryptocurrency gambling option is privacy and if the government wants to regulate it for the sake of finance, and for the good of gamblers then I don't think the government needs to ask for gambler data like KYC.

I can still agree if they want to increase the safety and comfort of gambler on the site and be regulated by law. But I don't like the consequences that gambler might receive such as having to pay more like taxes and also privacy. If they want, then the site can still pay them (if it's already licensed).

[Sirait]

For my country it is impossible to impose taxes on online gambling, because my country does prohibit gambling activities.

same as my country. our government doesn't legalize gambling so there is no reason for them to tax gambling.

So only countries that do allow gambling can get taxes from online gambling. But for countries that can indeed impose taxes
on online gambling, I think it's natural for them to do that. Because the government definitely needs income in a pandemic
situation like now.

countries that legalize gambling, of course, must not pass taxes on to gambling players, that is a must and reciprocal to the state. especially in a pandemic like this time.