Do we all know the tax rules on gambling winnings in our country?

[coin-investor]

What do you think, should gambling winnings be taxed, or should this kind of tax be abolished and the government should collect more from casino operators instead?

Some countries do not tax their gamblers' winnings; others still do. Australia does not tax its gamblers' winnings, while our country still does. Even though most casinos are government-managed, the country's economy is a major factor in taxation; our health budget depends on the gambling industry, so casinos and players' winnings are taxed.

Every government has its own ways and restrictions when it comes to taxes; expect a third-world country like us to look for ways to tax any industry they can, so here in our country it's a hopeless case thinking that the winner will go home with 100% tax-free; it just won't happen.

[robelneo]

Are you familiar with taxes on gambling winnings? One reason why the government wants players to use regulated casinos is not only because they can tax the casino operators, but also because they can tax the winnings of players.

But do you think this is really reasonable?

From a gambler's perspective its not reasonable because we seldom win, and a tax cut for our winnings feels like we are on the losing side, but that's how government works in some countries; they need money to pay debts, salaries, and infrastructure projects, and they tax where they seem fit.
Honestly, I'm ok with taxing winnings in our country as long as our government spends it right and doesn't go to corrupt officials' pockets, but unfortunately, we are feeding corrupt officials, and that makes taxes hurt us gamblers.

[Bluedrem]

In my country, the government has directly declared gambling illegal and if anyone is seen gambling in public, there are strict penalties for them, so I don't know much about whether the government collects any tax on winnings from gambling.
However, I think that governments in different countries around the world have given legality to various gambling sites and websites to collect taxes on their winnings. Since casino sites are constantly making a lot of money, it should be considered acceptable if the government collects taxes from here, like other things.

[Charles-Tim]

I can speak for my country: our country imposed a 20% tax cut on huge winnings and a lower one on regular winnings. As a third-world country, they will tax everything they can because they do not want a budget deficit.

Third world country? Have you read about how developed countries like United States, United Kingdom and others among them are taxing gamblers? If you win huge amount of money and you are in such country, you will understand.

Although, 20% tax in gambling is too much. In my country, it is 5%.

So, regarding the question of whether the government should only tax the casino, I want it that way, but the government depends on taxes, so I don't think it's possible here in our country. But in a first-world country where gambling is legal and the government is not hard on taxes, it's possible.

The taxes received from the gambling sites are enough for the governments.

[Itz-prisigold]

I must say that I don't even know the rules for gambling taxes in my country and I will not be surprised if other gamblers don't know the rules either. Every gambler is just busy thinking about whether they will win or lose, they aren't wondering if they will have to pay taxes if they do win big.

I can definitely understand why most people will think taxing a gambler who just win big is unfair.  Gambling is already dangerous, and the majority of gamblers lose more than they actually win. So when one finally gets lucky, and part of that winnings is been spent on taxes, trust me that can be so frustrating.  Meanwhile each nation has its own set of rules, so it is best that players know these rules before they begin gambling. Just that the rules should be straightforward and understandable.  No one wants to discover they owe taxes after they've had a big win.

[Bryan jessy]

The tax rule should be abolished because gamblers rarely win the game and even if they do the win at times is not that huge, it will be wise to tax only the casino, the players has no business with that. I do not know if this rule is already existing in some places though but I think it is not fair enough to tax gamblers. Anything is possible for the government and I know they will not hesitate to impose such policy just for their own interest, this case is just like taxing a business owner and it's customers that spend their money to purchase goods and are still taxed, this is not good.

[Perfectbaby]

This is actually very bad as government are now having that feelings and thinking to start taxing gambling winning, but if they want to tax it should be that would be caring after those who falls into gambling addiction by providing a rehabilitation centre where it would serve as a place to correct those that are already addicted and suffering for many loses. Of course, if they taxed the casinos and make sure such establishments is raised then it would be a nice steps and right decision to make sure things are set up properly than to keep taxing both casinos and gamblers without even considering those who are victims of gambling addictions.

[nara1892]

Honestly, I personally have never known or researched how gambling taxes are implemented in my country, but on the other hand, I live in a country that prohibits gambling, but honestly I agree with what you said OP that what should be increased is the operator and casino taxes, not taxes on player winnings, the taxes should be the business of the casino and the government because this concerns the casino's licensing to operate in the country, meaning the tax issue should be the responsibility of the casino and not the gamblers.

[EarnOnVictor]

Are you familiar with taxes on gambling winnings? One reason why the government wants players to use regulated casinos is not only because they can tax the casino operators, but also because they can tax the winnings of players.

If I could, I would gladly give casinos 100% rather than letting my government tax me...lol Crazy, right? It is what it is in my country.

However, what I read about 2 years back is that the government absolved the player from all gambling liabilities and taxes, but heavily taxed the operators.

[Agbamoni]

What do you think, should gambling winnings be taxed, or should this kind of tax be abolished and the government should collect more from casino operators instead?

Gamblers dont deserve to be taxed after a win because they dont get compensated after they lose. It is unfair to gamblers. The government has to do something about it, because in most parts of the world gamblers are taxed on whatever they win. Governments don't use the revenue for anything important that benefits the gamblers. It is mostly used for their personal benefit.

[Findingnemo]

~
I understand that the government needs revenue and regulation is better than illegal gambling, but should the burden really be on the gamblers too? Since casinos and gambling operators are already earning from players, maybe it would be better if the government just increased the taxes on operators instead of taxing player winnings directly.

What do you think, should gambling winnings be taxed, or should this kind of tax be abolished and the government should collect more from casino operators instead?

So you think it is fair to collect more taxes from the casino but if they do that from the players, then it is unfair? I don't get the logic.

Government will take from both sides, that is how they generate revenue to do whatever they want to do. And gambling laws are different in each country, some of them allows to deduct the loss and only pay the taxes on profits and some just tax flat on all the winnings so losses don't count. In either case we don't have a choice but how many countries are really serious about tracking all the tax evaders who failed to pay couple hundreds in taxes?

[yahoo62278]

Are you familiar with taxes on gambling winnings? One reason why the government wants players to use regulated casinos is not only because they can tax the casino operators, but also because they can tax the winnings of players.

But do you think this is really reasonable?

For me, it feels complicated and unfair in some way because most gamblers are already losing in the long run, then once they get lucky and win big one time, the government still wants a share from that win. It is like we are expected to keep records of our wins and make sure the right tax is paid, and if we miss it or fail to comply, we could be at risk of penalties or legal trouble.

I understand that the government needs revenue and regulation is better than illegal gambling, but should the burden really be on the gamblers too? Since casinos and gambling operators are already earning from players, maybe it would be better if the government just increased the taxes on operators instead of taxing player winnings directly.

What do you think, should gambling winnings be taxed, or should this kind of tax be abolished and the government should collect more from casino operators instead?

It's hard enough to win in a casino, landbased or online, so we shouldn't feel the squeeze at the taxman too IMO. Problem is, if they tax the casinos we are still going to be the ones feeling the squeeze from the taxman as the casino will change the house edge to compensate for increase to them. No matter what, the gambler is fucked.

[Mate2237]

In my country I know that government tax Casinos who operates in the country, which is normal because casinos are companies that are operating in the country which generate profit, and so it's expected that they have a part to play in the development of the country, hence the payment of tax .


But what I don't know is the tax that is collected from the gambler's, I don't know how that works but if there is a wining ticket the Casino payment the full wining amount into your betting account which you can withdraw for the online players. Thesame thing also applies to there is a wining on a local casino for those who go to the betting on on the street. How do government collect tax From the ordinary gambler . Maybe the tax is deducted by the casino from the wining without the knowledge of the gambler.

[DubemIfedigbo001]

What do you think, should gambling winnings be taxed, or should this kind of tax be abolished and the government should collect more from casino operators instead?

Gambling wins should not be taxed, the government is already taxing the regulated casinos, it should be enough. There is no need choking the gamblers in their wins of which they might even be in net loss by taxing it.

Even if a country should tax gambling wins, then it should be net profit and not just any win, It would be very wrong a gambler in net loss is taxed simply because he secured a win, that may be seen as negative taxation.

[Hispo]

I am the kind of person who thinks gamblers are not supposed to be taxed according to their winnings. As it is income which is purely based on randomness and there was no actual effort or investment put on it, in order to guarantee returns.
Actually, gambling is so risky in terms of one's personal economy, that the government of our countries are supposed to recognize that risk and free gamblers from further economical burden, which would be represented by taxes. Well

Gambling taxation here in my country is publicly available, but the government is so bad at enforcing those taxes and people are in general in a poor situation, so most people here just keep all their earnings from casinos and nothing happens to them.

It has become rather a cultural thing.

[r_victory]

Here in Brazil, betting winnings are taxed at 15%, and I wouldn't object to the taxes if the revenue were allocated where it should be. Unfortunately, we already pay too much in taxes, and new ones are constantly being created.

As many say, "Taxation is theft." To me, it only feels that way when the money leaves my pocket and ends up in the pocket of a corrupt politician. If it goes toward a public work or a cause that benefits the general population, I have no problem with it.

[hyudien]

As far as I know, several countries have implemented regulations that impose taxes on winnings. I know of lottery gambling, but I don't know about casino games. But honestly, it feels unfair to players if their winnings are still taxed, because if they lose, there's no compensation. The government should already receive enough taxes from casinos.

[BABY SHOES]

I do not know about the tax rules in gambling, whether it will be cut directly from the casino itself, then the casino reports it to the government or we ourselves report taxes to the government?

What is clear is that I myself have never paid taxes from gambling, my country prohibits any gambling activities even we gamble secretly so as not to be discovered. Do not know if other states that legalize gambling may tax winnings have already become mandatory for them.

[Crypto Library]

Actually this is not new that the government applied the taxes on the winning amount of gambling even it is sawn on the United States and as well also from some Europe countries so this is not uncommon things.

But if I give my personal opinion about this that is not fair enough or reasonable for the gambler because they risk their whole amount and in some point from a huge loss or after a huge loss they get some winning amount and if they have to pay the tax to the government then I think that was kind of cruel.
Fortunately or unfortunately I am free of this because in my country gambling is totally banned and this is why we don't have to pay any tax lol we play family by hiddenly also.

[Nwada001]

It could have been fair should it be in a way that our losses previously made are calculated out of the one big win first, then whatever ever is left can be counted for tax but unfortunately for the gambler that is not how it works.

The government is never out there making rules in favor of us, but they are out there making rules which indirectly are more disadvantageous than they could mean any good to the people; if gambling tax law can’t be looked at from the ground of calculating both loss and winning together before the actual tax can be deducted from the gain made and not just the profit made in that particular stake, then there should be no gambling tax law at all; it’s unfair. to steal from players all in the name of taxation.