Those your government also tax wins from your bet.

[Mr. Magkaisa]

This is why my country's government cant banned POGO and other casino because we are getting billions of income from gambling.
Also the worst thing is individual people in the government is getting money under the table from different casinos.
Gambling is made for fun and I do believe on that., but many people are getting destroyed because of gambling and corruption to some offices in the government are corrupt and getting money from it.

[CryptSafe]

Government tax is nothing new to us; we already know that the government generates revenue from such activities, so they would definitely go for it. Also, the casinos know that they make a good profit from gambling and would want to remain in their business so they would need to abide by the rules of the jurisdiction they belong or exist by deducting the tax at first before issuing out the win as you have stated because if they do not take such step, it would be on them to pay up for the tax so they would not want to allow such to happen to them.

My own annoyance about this whole taxation stuff of thing is the fact that there is no transparency and accountability. We do not see the effect of the tax they take, nor do we benefit from the government as to where and what the money is used for. It is quite obvious that we pay tax for nothing.

To be fair, if you do gamble at a legal place like Vegas, there are some cases where you do pay. Or like lottery for example which is allowed in most cases, you pay a ton of taxes as well. I think the last I heard was half of it, that means they take half of your money just from federal taxes, I am sure there are some state taxes as well which means you get half of what you earn.

There is no way to get out of this without paying any taxes. Normally, taxes are good, and we should be taxed, and rich should be taxed even higher rate, there is nothing wrong with wanting that. The problem is, people do not want to pay taxes because they see that their taxes are getting wasted on useless stuff and not getting any returns on it.

I also heard about the tax stuff of a thing too, and it was obviously clear to me after the Anthony Joshua and the Jake Paul fight that AJ had to forfeit almost 50% of his wins to tax both in the US and as a British citizen, and that is a huge amount of money to go by. The government always comes for its own whenever things of that nature occur, so tax is not what you can evade because they have your details and you must pay for it.

Taxes are quite alright because they are used for further development of the cities by providing basic amenities and other welfare packages for the citizens, but the poor management and use of the taxes being paid scare people because they are not properly utilised for the purposes for which it were paid.

[michellee]

If gambling is legal, the government will apply a tax on winners. But they will not apply tax to those who lose in gambling. Citizens must follow the regulation. But the government can't do anything to tax their citizens. Taxes help the country develop so it is normal if the government wants to tax anything in their country even for small businesses. But it is not wise to tax anything without consideration because that can make life difficult for their citizens. We can say that gambling should not be taxed but if the government still wants to do that, citizens can't do anything except obey it.

[LastKiss]

~snip~
For me gambling should not be taxed.

If gambling is legal in your country, it’s normal for winnings to be taxed and those taxes should be used to support gambler safety and related protections. Imagine gambling being legal but the government turning a blind eye because it doesn’t tax it when something goes wrong, you have no official support and no one to protect you. Instead of blaming the government for taxing gambling winnings, gamblers should demand their rights, such as proper regulation, player safety, consumer protection and access to support when problems arise.

[Wiwo]

I don't understand why there should be taxed on winnings, I am aware you only get taxed if you win from a betting shop and that the owner of that shop taxes a little amount of off your money, I am not aware of the government taking theirs.

In some other shops and other betting companies too, the bet shop owner divides the potential winning into two and give the winner half of it.

This is simply wrong because the entire gambling company is not aware of this behavior by the shop owners., it sucks out here.

The gambling platform are taking off your tax unbehalf of the government,  their remit the money back to the government,  not as if the gambling platform take different tax from the government own, it all fall into one, the tax deductions are done in form for fees that is why some casinos have limit amount you can withdraw from your balance,.

My question is, if the government tax us for winning in gambling,  who is going to compensate us when we lose in gambling.

This is important question that we need to ask the tasks masters and why the government should push the tax to the gambler I instead of the gambling company.

[Itz-prisigold]

I think taxing wins feels pretty one sided too. Gambling is also very risky by nature and companies that you are betting with have a greater chance than you.  Most people betting are not winning on a consistent basis. Someone will win money and the government is stepping in to take a cut from that person's money,  it feels so unfair.

Betting is not a stable income or  a guaranteed money so it feels different than taxing regular income. The worst part is that all these losses are fully carried by the individual,  yet the government comes in when there is a win.  If these governments truly see gambling as a problem and harmful,  taxing peoples win looks more as a way to profit from people's risks rather than trying to protect these people.  I think betting should be  treated as a personal risk choice and not a way for the  government to make money.