How is wealth distributed through Gambling

[Accardo]

Thereby creating opportunities for employments and some live to depend on such offers, at the end, money circulates and people have it base on what they have contributed so far, people also spend it on what they value and needed for their own benefits.

Gambling is great for all the job opportunities it offers to the people through casinos and betting shops, yet one thing is missing -- casino sponsored Psychotherapeutic clinic for problem gamblers. Allowing players who have faced troubles financially and mentally to suffer with no free health care attributed to them isn't fair to the gambling community. If the taxes gotten through casinos can be distributed to that department to maintain responsible gambling, it'll be of good use to the society.

[bhadz]

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

This is what's happening in our country, there is so much tax in the gambling sector but we don't know if they are actually budgeted into infrastructures and the other sectors that you've mentioned. While there is a good purpose for it. If we speak about the effects that it gives individually, the wealth distribution in gambling isn't really going to the poor but to the casinos because the house always wins. But if it's in general way of gambling impacts the entire economy, that's one way of them giving back but it's through taxation.

[Hyphen(-)]

Let's first talk about how the poor gives the money to the wealthy.... They allocate a huge part of their money (which isn't a lot in the first place) to gambling thinking that this would be the quick fix to their problems. This is how they give the money to the wealthy in this case the casino owners.

That’s right, the poor gamblers are always thinking of making money with the little they have; they will keep using the money they have to gamble with the hope of getting a huge return in just one game. They do look greedy to expect a huge return from their small deposits they use to wager on games; they are given to the casino owners because such games hardly come due to the number of odds and the nature of predictions. However, it is very possible to make a huge amount of money with just a small amount of money being deposited, but it is very rare to see such achievements. Most people that win in betting do use big money to gamble on less odds.

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

Yes; the poor gamblers can benefit from the tax return from the casino, but they will benefit more if they are lucky to win games from their betting. Sometimes, these casino owners do also lose huge amount of money especially if some players are lucky to win games back to back with just small deposit.

[AVE5]

In my opinion, governments should only tax casinos and gamblers who win very large jackpots, but unfortunately, this isn't happening. Casinos and gamblers are taxed heavily. To make matters worse, governments haven't encouraged healthcare companies to train specialists who can quickly help gambling addicts. Now, regarding what governments do with taxes, unfortunately, many governments take taxes from citizens to use for their own purposes. As a result, the country doesn't develop as it should.

There's no insurance in gambling so I wonder why the government will impose taxes in the gambling sector in the first place. They're involved in regulating the gambling companies all just to make profits.
They've got no positive impacts on gamblers instead, they only focuses on giving licenses to the companies with the conditions that will benefit them alone while neglects health wise concerns and gamblers financial portfolio responsibilities.

[sunsilk]

so I wonder why the government will impose taxes in the gambling sector in the first place. They're involved in regulating the gambling companies all just to make profits.

You have answered your wonder why they're being taxed. That's because they're making profits and it's not a question that this industry is huge and casinos make a lot of money from it.

If it's not with the government, they're going to earn more but they have to share it to them where they're allowed to operate.

They've got no positive impacts on gamblers instead, they only focuses on giving licenses to the companies with the conditions that will benefit them alone while neglects health wise concerns and gamblers financial portfolio responsibilities.

It's another bureau of the government that has an assigned task to distribute the taxes that they've collected from the casinos.

Yes, there could be no positive impacts to actual gamblers but there are beneficiaries that are not gamblers.

[skarais]

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

Of course, this is a big part of the government's idea to regulate casinos and they tax them.
The government expects significant cash flow from casinos, and so far they've been very successful. Taxes from the gambling industry are substantial and many of us ultimately don't care how the government spends that money. They can spend it on anything, but due to the lack of transparency, we seem to no longer care.

If only governments truly spent tax revenues wisely, all countries receiving tax revenue would prosper. The problem is, we never know for sure where the money goes. It's even possible for them to enrich themselves and this is common knowledge. Many corrupt government officials are arrested and prosecuted, and they could even be called the mafia.

[GeorgeJohn]

In my opinion, governments should only tax casinos and gamblers who win very large jackpots, but unfortunately, this isn't happening. Casinos and gamblers are taxed heavily. To make matters worse, governments haven't encouraged healthcare companies to train specialists who can quickly help gambling addicts. Now, regarding what governments do with taxes, unfortunately, many governments take taxes from citizens to use for their own purposes. As a result, the country doesn't develop as it should.

Government doesn't have a sympathy for tax, the reason why Government do demands for tax from all gambling website is because they seems gambling as one of the things that's causes or instigate corruption

Secondly,  Government uses tax collection to boast their internal generated revenues, so for me that's is one of the reasons why Government is taking revenues from gamblers depends the country you find your self, they're some countries that tax a gambler that wins, and in some countries they only focus on the gambling platforms or be selective in the gambling website that will pay tax

[harapan]

Money runs gambling. It gets transferred from a point to another. From the poor to the wealthy, from the wealthy to the poor.

Let's first talk about how the poor gives the money to the wealthy.... They allocate a huge part of their money (which isn't a lot in the first place) to gambling thinking that this would be the quick fix to their problems. This is how they give the money to the wealthy in this case the casino owners.

This post excites me such that I love the fact that everything is being broken down for easier understanding but I'll quote by saying gambling can't literally make anyone rich that I know for sure. The chances are quite slim and anyone that has made it through this means has some other means of income, but then yes the poor might risk all of what he has to gambling and then someone else might win a jackpot but doesn't necessarily means that they are made wealthy through that means I don't know if you get me. Yeah the casino owners are always at the receiving sides but does it make them wealthy?.

[CryptoBuds]

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

This is what's happening in our country, there is so much tax in the gambling sector but we don't know if they are actually budgeted into infrastructures and the other sectors that you've mentioned. While there is a good purpose for it. If we speak about the effects that it gives individually, the wealth distribution in gambling isn't really going to the poor but to the casinos because the house always wins. But if it's in general way of gambling impacts the entire economy, that's one way of them giving back but it's through taxation.

In fact, I will say gambling taxes are widely discriminatory, you know low earners spending a large proportion of their income on wagering, flipside benefiting far less from tax funded scheme. For example I could mention clubs in Victoria, which spend just 1.5% of pokie revenue on seniors welfare, most of which is consumed on venue costs. If you look over USA, states accumulate billions from gambling tax revenues, where a few dust amount are going to addiction services, maybe less than 1%. Other hand mental health burdens remain unaddressed, though they consider these as larger social costs.

[Churchillvv]

Life is in circles, no way that it doesn't revolve around, the money the poor use for gambling is also given to them from the pocket of the wealthy or the government and the government tax the casinos and the casino tax you for how much the government tax them and so on it revolves this way. there is no end to this the money is going back to its original state, not even the government can keep it. Money must be inflow.

It flows back and front.

[uchegod-21]

Money runs gambling. It gets transferred from a point to another. From the poor to the wealthy, from the wealthy to the poor.

Let's first talk about how the poor gives the money to the wealthy.... They allocate a huge part of their money (which isn't a lot in the first place) to gambling thinking that this would be the quick fix to their problems. This is how they give the money to the wealthy in this case the casino owners.

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

Gambling is designed to collect money from the poor and give to the rich. The casino owners are the rich people; they deceive the low income earners with very little rewards for winning and make sure that the games in the longrun favours them, that is why they came up with the house edge.

Let's not deceive ourselves further by believing that the poor gain back through taxes. Both the poor and the rich use the roads, schools, healthcare facilities and light provide with monies realised from tax, can we say there is fairness here?

[alani123]

Do you really wanna know how gambling distributes wealth?

It's pretty dark. Some of the lowest income brackets contribute to big parts of the total losses and a few handfuls of people that are organized through shady shell companies get quite rich.

We usually never get to know who really owns a casino even for physical ones.

For the effects of wealth distribution through gambling, it's rapid, widespread and very effective at redirecting money from many people to some. Even regulation can't completely stop it. It's s multifaceted issue. Regulation needs to tackle prevention as well as support for victims by establishing good support organizations so problem gamblers will seek and find the help they need.

[TelolettOm]

It could be rich to rich and poor to poor. Essentially, money circulates from losers to winners, and from gamblers to casino owners. Whether or not the casino ultimately pays taxes depends on the casino.

In essence, I'm focusing on these few sentences:

Let's first talk about how the poor gives the money to the wealthy.... They allocate a huge part of their money (which isn't a lot in the first place) to gambling thinking that this would be the quick fix to their problems. This is how they give the money to the wealthy in this case the casino owners.

And sadly, this is what happens so often. They even borrow online loans to satisfy their desire to continue gambling, and this seems never-ending, leading to crime everywhere, and gambling makes it worse.

[bhadz]

This is what's happening in our country, there is so much tax in the gambling sector but we don't know if they are actually budgeted into infrastructures and the other sectors that you've mentioned. While there is a good purpose for it. If we speak about the effects that it gives individually, the wealth distribution in gambling isn't really going to the poor but to the casinos because the house always wins. But if it's in general way of gambling impacts the entire economy, that's one way of them giving back but it's through taxation.

In fact, I will say gambling taxes are widely discriminatory, you know low earners spending a large proportion of their income on wagering, flipside benefiting far less from tax funded scheme. For example I could mention clubs in Victoria, which spend just 1.5% of pokie revenue on seniors welfare, most of which is consumed on venue costs. If you look over USA, states accumulate billions from gambling tax revenues, where a few dust amount are going to addiction services, maybe less than 1%. Other hand mental health burdens remain unaddressed, though they consider these as larger social costs.

Well, we're talking about just one of the others that are also going back to the people. In our country, it's different. It's not actually addiction recovery services that are offered here. But the taxes that comes from the gambling industry is actually sent to help the medical bills and it's not just all about related to addiction but also cancer and surgery operations. There are many but I understand that it's not the entire taxation that comes from gambling that also goes back to people.

[sheenshane]

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

This is what's happening in our country, there is so much tax in the gambling sector but we don't know if they are actually budgeted into infrastructures and the other sectors that you've mentioned. While there is a good purpose for it. If we speak about the effects that it gives individually, the wealth distribution in gambling isn't really going to the poor but to the casinos because the house always wins. But if it's in general way of gambling impacts the entire economy, that's one way of them giving back but it's through taxation.

Some people think that gambling is a source of income rather than entertainment, and we know that gambling exists to profit from us in exchange for fun.  
However, those with limited means often have a mindset focused on making money through gambling, hoping to win and hit the jackpot that could change their lives.

I understand the purpose behind the tax is good.
When we look at those who gamble, the wealth generated from gambling mostly goes to the casinos because the house always wins, not to the poor.  This mindset should be changed that gambling is just for fun, not chasing money.

[coin-investor]

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

There is an ongoing debate in our country about whether to implement strict regulations or a blanket ban. Still, the taxes allocated to the poor sector and infrastructure are what prevent the present regime from implementing the moral guardians’ requests.

The gambling industry is doing its share of distributing wealth to the poor and the government, but there is a risk of addiction among people.

I believe that strict regulation and the government taking action against illegal casinos, along with implementing proper promotions, are keys to continuing the distribution, thereby benefiting the poorer sector.

[bhadz]

This is what's happening in our country, there is so much tax in the gambling sector but we don't know if they are actually budgeted into infrastructures and the other sectors that you've mentioned. While there is a good purpose for it. If we speak about the effects that it gives individually, the wealth distribution in gambling isn't really going to the poor but to the casinos because the house always wins. But if it's in general way of gambling impacts the entire economy, that's one way of them giving back but it's through taxation.

Some people think that gambling is a source of income rather than entertainment, and we know that gambling exists to profit from us in exchange for fun.  
However, those with limited means often have a mindset focused on making money through gambling, hoping to win and hit the jackpot that could change their lives.

I was one of those that have thought that gambling could be a mean for profit to my life. But it didn't took long until the reality slapped me that it's only happening for the chosen few. I stopped hoping for jackpots and just having some fun and if I have that mindset, it's more fun and more positive that becomes.

I understand the purpose behind the tax is good.
When we look at those who gamble, the wealth generated from gambling mostly goes to the casinos because the house always wins, not to the poor.  This mindset should be changed that gambling is just for fun, not chasing money.

You're right, but in our country, it's many of the population of the poor that keeps on hoping good life will come out of gambling.

[lienfaye]

But the money can also go from the wealthy to the poor. If the tax from casinos gets collected by the government and is used effectively, it can help a lot of those in need. The money can be used to improve infrastructure, education, healthcare and etc.

That's how it should be. The problem is if the Government will use the tax on how it is supposedly used since many officials are corrupt, using the funds for their own benefit. The reason why we should not rely on the Government.

Anyway, many poor people are really hoping to get rich in gambling that's why even their money is only sufficient to buy food, they will still risk it. Gambling is not the answer so strive hard to earn a decent.

[bitterguy28]

Thereby creating opportunities for employments and some live to depend on such offers, at the end, money circulates and people have it base on what they have contributed so far, people also spend it on what they value and needed for their own benefits.

Gambling is great for all the job opportunities it offers to the people through casinos and betting shops, yet one thing is missing -- casino sponsored Psychotherapeutic clinic for problem gamblers. Allowing players who have faced troubles financially and mentally to suffer with no free health care attributed to them isn't fair to the gambling community. If the taxes gotten through casinos can be distributed to that department to maintain responsible gambling, it'll be of good use to the society.

why would the casinos offer this when they are the cause? they will lose customers if they did this the most they can do probably is restrict you from playing if you just ask them because you can no longer control yourself

[alastantiger]

Let's first talk about how the poor gives the money to the wealthy.... They allocate a huge part of their money (which isn't a lot in the first place) to gambling thinking that this would be the quick fix to their problems. This is how they give the money to the wealthy in this case the casino owners.

Money moves from the poor people to the wealthy in everything and not only gambling. The rich understands risks management and they have better understanding that the money they're staking is as good as gone hence they don't put their mind on the money but for the poor people, they can't get their mind off the money they're using to gamble. The poor gives more reactions when they're losing but the wealthy mightn't bother because they have more of the money and not putting all their hopes on the profits they were supposed to get from the capital they have already invested into the casino.