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.

[|MINER|]

Each government has their ways they take money from citizens. The least place I think government are lenient with tax is gambling, even some developed countries don't tax their people from gambling profit but the casinos are heavily tax because they make money from gambling, instead of squeezing their citizens they does that to the casino instead but if they notices people makes money from gambling, they change the rules to tax their people. Sometimes isn't about the tax but to control money in circulation to reduce inflation.

I don't see problem with tax if the government are using it for the cause, tax are way the people give back to the society so everyone cans have a collective benefit through social and basic amenities. It's when the government decide to steal public funds and money meant for development of the country I don't like to see, sadly that's what Nigerian country is trying to enforce but the house of assembly are kicking against the implementation of the bill.

I will not disagree with your opinion because, logically, if such a tax is imposed to control inflation. However, I have my own personal opinion that I do not like the idea of ​​taxing my gambling earnings. I would prefer that gambling platforms impose a high income tax because it seems that ultimately the house always wins from gamblers.
And besides, I'll leave aside the mention of third world countries. Even if there are taxes there, taxes are not levied in the right places or taxes are evaded through corruption. In this case, even if taxes are collected from those countries, the country is not making any progress.

[Judith87403]

I sympathize with your frustration. Taxing wins from betting feels only one sided as result of the risk is totally on the player. If you lose, no government comes in to take part of the pain, yet if you win, they are fast to remove their cut. This makes it very unfair, mostly in countries where basic services are taxed heavily already. Governments argue that betting wins are income so it has to be taxed like others, yet gambling income is not stable and dependent on chance, instead of steady work. Taxing it has tendency of discouraging little wins and forcing people to pursue losses. In my opinion, if gambling should be taxed, there has to be at least clear protections, transparency, and system of support for problem gamblers. Without such balance, the tax will feel very more like being exploited than being regulated.

[r_victory]

Yes, in Brazil, winnings from sports betting must be declared on our income tax return, and the tax rate is 15%. Thankfully, it's only on the winnings. Even so, I think it's a high tax to pay; I've mentioned it in another thread, and I've seen that other countries have even higher rates.

[livingfree]

Also the worst thing is individual people in the government is getting money under the table from different casinos.

I think that this is normal for those countries that have casinos. They always do that with the casinos as to make them as their protectors.

I don't understand that if a casino is registered within the government, why they have to do this? to lessen the taxes or to make them exempt from all of the other governments liabilities?

But we hate it that there are authorities that likes to get on and by the casinos collecting all of these money under the table.

[Sanitough]

Yes, in Brazil, winnings from sports betting must be declared on our income tax return, and the tax rate is 15%. Thankfully, it's only on the winnings. Even so, I think it's a high tax to pay; I've mentioned it in another thread, and I've seen that other countries have even higher rates.

What’s the minimum amount that actually needs to be declared anyway, is it $1,000 or more? If that’s the case, then it’s not really an issue for most people who aren’t betting at that level.

Still, honestly, I don’t like the idea of paying taxes on winnings at all. If you offset those wins with losses, I’m pretty sure most of us are net losers anyway. I don’t see why the government doesn’t allow losses to be deducted. It feels like they just want a cut when you win, but they don’t care at all when you lose. That just sounds greedy to me.

Here in our country, winnings of $200 and above are taxed at 20%, but that applies to lottery only.
For sports betting and slots, there’s still no specific tax rule in place.

[STT]

Most governments tax everything, they tax drinking water by which you have no option to not do so.  They'd tax the air if they can, many believe the green rhetoric is such an attempt to tax people in this way as after all you expel carbon constantly so why not.
  If they already tax your existence you can be sure they will tax any luxury such as gambling or any other leisure activity.  

As with everything the taxes should only be applied to companies who can defend themselves, employ lawyers and accountants to deal with all the red tape; taxing people is bullying and unfair as some will pay and some dont depending on frequently they are within the country and so on.
  Mostly the less mobile you are, or the poorer you are the more you will be taxed where as those with a holiday home or tax refuge who can shelter away for over half of the year often dodge taxes that the poor cannot.  

[Natalim]

  If they already tax your existence you can be sure they will tax any luxury such as gambling or any other leisure activity.  

The thing is, gambling is already taxed. It’s the operators who pay income taxes, that part is already covered. But apparently that’s still not enough, they also want to tax our winnings. At that point it feels like double taxation, and it’s the players who end up taking the hit.

In reality, gamblers lose in the long run anyway. So how is it even reasonable to impose another tax on winnings, when overall we’re already at a loss?
It just doesn’t make much sense to me.

[r_victory]

Yes, in Brazil, winnings from sports betting must be declared on our income tax return, and the tax rate is 15%. Thankfully, it's only on the winnings. Even so, I think it's a high tax to pay; I've mentioned it in another thread, and I've seen that other countries have even higher rates.

What’s the minimum amount that actually needs to be declared anyway, is it $1,000 or more? If that’s the case, then it’s not really an issue for most people who aren’t betting at that level.

Currently, if winnings are up to $407.80 (exchange rate at the time of writing), the gambler is exempt from declaring them; above that amount, the tax is charged and withheld directly by the betting sites.

[Dr.Bitcoin_Strange]

I really don't see this as a good thing I know a lot of countries their government is also doing this shit, what happens if we lose do the government assist us.

I don't like the tax on gamblers as well but if it's what the government have decided that they must do, they will do it and make sure that people comply with it. Just how you said it, is also how I thought about it, when the gambler is losing, they don't share in the person's losses but expect the person to pay tax after winning. Also, taking tax from gambling profit means they are subjecting gambling as a source of income.

[X-ray]

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.

Your net winning is the same as your income. That's the reason why it gets taxed. The gov treat your net winning same as others with their income from their job. Simply as that. Even if your winning gets divided, it must be reported how much net winning you receive from your half winning.

Always remember the basic theory, your pay out - your initial bet = your net winning(taxable)

[Umulala-alala]

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.

If they can tax the gambling companies no issue with that because they are also making more gain from gamblers, it's quite unfair to cut out money from winning in gambling when you don't know how much such person has lost those times he never won any bet. Tax should be on salaries and not some things that is not guaranteed if the government can also put a law that who ever loss gambling will be paid back 10% of the money use to stake the game then i will accept the idea of taxing gamblers when ever they win games.

[Fivestar4everMVP]

In my country they tax you from your every win you got from betting, in Nigeria a 5% withholding tax is deducted at source from winnings by betting operators for residents, while a 15% rate applies to non-residents.
I really don't see this as a good thing I know a lot of countries their government is also doing this shit, what happens if we lose do the government assist us.
The government tax for almost everything, I head out of the $140 million AJ got from his recent first government is taken $66 million as tax however if he get killed in the fight the government won't care about his family as he will care and take care of them.
For me gambling should not be taxed.

Gambling should not be taxed for real bud, but unfortunately, I think there is a level one would get to in terms of wealth, you simply can no longer hide from governments taxing you, like the Anthony Joshua for example, he is a very popular person known around the world, I am not in support of the government taking such such a huge amount of money from him as tax, but there was no way he was going to hide from such, if he had objected and possibly refused to pay the tax, he would he arrested and possibly thrown in prison, it's unfortunate that this is they type of world we live in..

Gamblers shouldn't be taxed because we lose way more than we gain, but if the government won't stop, what exactly do you think we can do about it?

[goldkingcoiner]

In my country they tax you from your every win you got from betting, in Nigeria a 5% withholding tax is deducted at source from winnings by betting operators for residents, while a 15% rate applies to non-residents.
I really don't see this as a good thing I know a lot of countries their government is also doing this shit, what happens if we lose do the government assist us.
The government tax for almost everything, I head out of the $140 million AJ got from his recent first government is taken $66 million as tax however if he get killed in the fight the government won't care about his family as he will care and take care of them.
For me gambling should not be taxed.

Gambling income is just as taxable as other income. The unfair part is when the losses are not recognized.
Why exactly do we have to pay tax for wins but we do not get tax cuts on past losses?

To me, that is the truly unfair thing.

But to each his own philosophy...

[Peanutswar]

In my country they tax you from your every win you got from betting, in Nigeria a 5% withholding tax is deducted at source from winnings by betting operators for residents, while a 15% rate applies to non-residents.
I really don't see this as a good thing I know a lot of countries their government is also doing this shit, what happens if we lose do the government assist us.
The government tax for almost everything, I head out of the $140 million AJ got from his recent first government is taken $66 million as tax however if he get killed in the fight the government won't care about his family as he will care and take care of them.
For me gambling should not be taxed.

That was sad reality is government now if they see any potential earnings they are now taxing it. In my country only the casino has the tax approximate i guess 5% base on their gross revunue and its fix so the players does need to worry too much if they are winning or lossing the game at all, so base on that statement did you mean that you guys are giving your activity to the casino or do you comply to them that this is your income with playing casino so they can tax it out?.