Taxes on gambling send the right message?

[Sithara007]

They'll know when the tax is agreed excessive and they can't survive anymore, if that's the purpose of the government for raising the tax rate to an unreasonable rate, then most probably no casinos will last and the country will become a gambling free country. However, on the other hand, they also need to understand that they are letting go of revenue they could potentially collect, so if they can let go of that, the changes still favor the government or the country.

Gambling is personal choice and those countries which are banning it are infringing on personal liberty. These sort of bans result from a stone-aged mentality by the governments where they believe that they have a right to dictate the personal lives of their subjects. More liberal countries have moved to regulation, and this has proven to be mutually beneficial for all the sides. On the other hand, in more restrictive countries, we are witnessing governments losing tax revenue, and gamblers getting prosecuted.

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[Cling18]

They'll know when the tax is agreed excessive and they can't survive anymore, if that's the purpose of the government for raising the tax rate to an unreasonable rate, then most probably no casinos will last and the country will become a gambling free country. However, on the other hand, they also need to understand that they are letting go of revenue they could potentially collect, so if they can let go of that, the changes still favor the government or the country.

Gambling is personal choice and those countries which are banning it are infringing on personal liberty. These sort of bans result from a stone-aged mentality by the governments where they believe that they have a right to dictate the personal lives of their subjects. More liberal countries have moved to regulation, and this has proven to be mutually beneficial for all the sides. On the other hand, in more restrictive countries, we are witnessing governments losing tax revenue, and gamblers getting prosecuted.

Banning gambling and other gambling activities is one of the reasons why underground gambling is existing. We all know that it will be hard for the government to control people from gambling and they will always find ways to do it even in an illlegal way. I guess gambling taxation would be enough to control it rather than stopping it.

[Japinat]

They'll know when the tax is agreed excessive and they can't survive anymore, if that's the purpose of the government for raising the tax rate to an unreasonable rate, then most probably no casinos will last and the country will become a gambling free country. However, on the other hand, they also need to understand that they are letting go of revenue they could potentially collect, so if they can let go of that, the changes still favor the government or the country.

Gambling is personal choice and those countries which are banning it are infringing on personal liberty. These sort of bans result from a stone-aged mentality by the governments where they believe that they have a right to dictate the personal lives of their subjects. More liberal countries have moved to regulation, and this has proven to be mutually beneficial for all the sides. On the other hand, in more restrictive countries, we are witnessing governments losing tax revenue, and gamblers getting prosecuted.

Banning gambling and other gambling activities is one of the reasons why underground gambling is existing. We all know that it will be hard for the government to control people from gambling and they will always find ways to do it even in an illlegal way. I guess gambling taxation would be enough to control it rather than stopping it.

Even if the government will regulate gambling, there are still gambling operators who will choose to operate illegally as they don't want to pay taxes. Imagine how much they'll pay to the government because usually taxes on gambling are high, so with illegal casinos, they can maximize their profit.

[Fredomago]

Even if the government will regulate gambling, there are still gambling operators who will choose to operate illegally as they don't want to pay taxes.

There are gambling facilitators who will continue to run illegally, I get your point, the amount that they're getting from this
Illegal gambling house is really huge, enough for them to have a luxurious life. They will risk for the sake of money.

Imagine how much they'll pay to the government because usually taxes on gambling are high, so with illegal casinos, they can maximize their profit.

Paying taxes is really a pain in the ass. If you don't have that much patrons, you are just bringing money to the government with a lesser amount of income, that's one of those many reasons illegal gamblers still facilitate outside.

[worldofcoins]

For sure it would be  in over all revenue and wouldnt matter if its a losing or winning bet because it is just  too nonsense or would  really be a big work to be done if they would one it individually.
Just like on how traditional business would be taxed out where it would always matter in overall revenue.I havent seen that gamblers been taxed individually but rather the house itself
will really be setting some House edge change or something like that and we know that gambling business is really a profitable one and really sustainable.
Taxation is normal though.

I never placed any bets in local casinos but from what I have heard about those casinos is that Cops go there every now and then to collect their bribes from the casino.
And I haven't heard about any percent of the profit they collect per individual but I'm sure it's pretty hard to keep the record of every bet with the gambler.

The house that the casino has is 4%.

[Sanitough]

For sure it would be  in over all revenue and wouldnt matter if its a losing or winning bet because it is just  too nonsense or would  really be a big work to be done if they would one it individually.
Just like on how traditional business would be taxed out where it would always matter in overall revenue.I havent seen that gamblers been taxed individually but rather the house itself
will really be setting some House edge change or something like that and we know that gambling business is really a profitable one and really sustainable.
Taxation is normal though.

I never placed any bets in local casinos but from what I have heard about those casinos is that Cops go there every now and then to collect their bribes from the casino.
And I haven't heard about any percent of the profit they collect per individual but I'm sure it's pretty hard to keep the record of every bet with the gambler.

We will never know how much they'll collect as what they are doing is illegal, it's against the law so they'll never make it public.

The house that the casino has is 4%.

Do you mean the house edge? I think 4% is too high, no gambler would survive in that high house edge in the long run, if I play a game with that kind of house edge, I would just convince myself that I'm just having fun to lose.

[Sithara007]

Even if the government will regulate gambling, there are still gambling operators who will choose to operate illegally as they don't want to pay taxes. Imagine how much they'll pay to the government because usually taxes on gambling are high, so with illegal casinos, they can maximize their profit.

Nowadays it is not even necessary to visit these illegal gambling dens, if you wish to gamble in a country where it is banned. Air travel has become extremely cheap and getting a visa is much easier. Anyone who want to gable can just catch a flight to Macau or Morocco and visit the casinos there. The catch is that if somehow you win a very big amount, then you need to think twice before reporting that to the tax authorities back home. Because you are not supposed to indulge in gambling.

[Peanutswar]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

[jrrsparkles]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

Everyone has to pay their taxes there is no denial with that but they are asking too much taxes from the total profits since casinos are also under the risk of losing at any time if they are not managing their finance and maximum amount a user can get.

[Fatunad]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

Everyone has to pay their taxes there is no denial with that but they are asking too much taxes from the total profits since casinos are also under the risk of losing at any time if they are not managing their finance and maximum amount a user can get.

We are obliged to pay up tax because we know on how important it is for the economy but imposing or asking too much shouldnt really be that tolerated.It would be understandable if there would be some
rise up on tax percentage but at least it should really be that considerable so that there would be no problems to arise or make out some complaints. Economic state or development will always
vary on how the government been handling it out and making use of those taxes on the right way and wont really be corrupted or would go into their own personal pockets.

[stadus]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

Everyone has to pay their taxes there is no denial with that but they are asking too much taxes from the total profits since casinos are also under the risk of losing at any time if they are not managing their finance and maximum amount a user can get.

We are obliged to pay up tax because we know on how important it is for the economy but imposing or asking too much shouldnt really be that tolerated.It would be understandable if there would be some
rise up on tax percentage but at least it should really be that considerable so that there would be no problems to arise or make out some complaints. Economic state or development will always
vary on how the government been handling it out and making use of those taxes on the right way and wont really be corrupted or would go into their own personal pockets.

The problem is they can't complain about it as gambling is not really a necessity that people should do or take. It's just an entertainment and the government has all the right to impose whatever taxes they want, or worse to ban it.

[Russlenat]

The problem is they can't complain about it as gambling is not really a necessity that people should do or take. It's just an entertainment and the government has all the right to impose whatever taxes they want, or worse to ban it.

That's the thing, actually in the Philippines, when the government increases the taxes on liquor and Tobacco, people did not complain as they know it's harmful to their health, the government calls it as a SIN TAX, and it really helps the government to generate more revenue through these industries.

[Sithara007]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

That is not true. The profit margins in gambling industry is quite low, and the house edge is very rarely greater than 2% in most of the casinos. On top of that, the taxes are much higher when compared to any other sector. And then, there is always a chance of losing money due to fraud or robbery. My opinion is that the government should be reasonable in taxing the casinos. If the tax levels go up by too much, then the business will shift to underground and the government may lose revenue (and there will be job losses as well).

[Alisha-k]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

It is very normal after all they generate enough money from gamblers so giving some percentage to the government who still secure and provide the light for their business shouldn't look like something absurd. Gambling industry is making more money compared to some other industry because people of all class try their luck to see if the could win some tangible amount and only 30% if not less gets lucky enough and the rest end up losing their fortune.

[michellee]

I guess it's just normal to give taxes because we know that gambling is one of the fastest earning company there are a lot of people would like to earn money and try their luck and it's on favour with the gambling platforms and casino their users or players enjoy the game at the same time they are earning a lot it's better to become fair for the government because they are a large producer of money. Some of them now are doing charity works or another none organisational donation for some instances lower their taxes too so they can still get the profit.

It is very normal after all they generate enough money from gamblers so giving some percentage to the government who still secure and provide the light for their business shouldn't look like something absurd. Gambling industry is making more money compared to some other industry because people of all class try their luck to see if the could win some tangible amount and only 30% if not less gets lucky enough and the rest end up losing their fortune.

The fact is many people lose their money in gambling games. If the government wants to the tax, they need to investigate how much the casino can earn in one day and the next weeks. Maybe that needs some time to know the result but that is worth doing because the government will have valid data with their income to send a message to the gambling owner. If they do not follow the government, the government will easy to close their business temporarily.

[Silberman]

My opinion is that allowing the gambling industry to operate, even with higher taxes is much more preferable than imposing a blanket ban on all gambling activity. Take the case of countries such as India, Indonesia and Bangladesh. There is a blanket ban on gambling, but there is no dearth of illegal gambling dens. This results in ordinary people losing their hard earned money, as many of these illegal casinos are not regulated and indulges in fraud. Also, a part of the proceedings are used to bribe the cops and politicians.

It's useless if the government will ban gambling but they will not strictly implement the law, there's a big reason why they ban gambling and that is because they believe it makes people poor and will increase the poverty rate in a country, while some countries ban gambling due to religious belief.

Strict implementation is necessary so corrupt officials will also be punished.

I read somewhere that some casinos in Las Vegas charge over 10% house edge in most of their games and most likely they pay the taxes from those rather than the customer losing them but I'm not sure about it, Can someone explain what criteria the government will use while taxing the casinos.
Will casinos are paying the taxes only from the winnings from their customers but not on their casino's losing bets
Or every bet made in the casino will be taxed.

That is an interesting question, the players are charged taxes on their gambling winnings so if for example you were to win the lottery then you need to pay a certain percentage of that prize money to the government, however I really do not think the taxes charged to the casino works like that, I really think they are taxed like any other business with the difference that the taxes they have to pay are higher as governments give it sin taxes similar to what happens with alcohol and cigarettes.