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

[cryptoaddictchie]

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?

Honestly users have also losses in casino. They taxed when you win big but dont include taxes on losses. For me this should be incorporated too as not all gamblers always win. Or only put the taxes on operators cause if we summed up all the wins and losses from players we can assume that losses inflicted more than winners. Meaning more profit for them.

[Kelward]

It is quite unfortunate that the government doesn't show any empathy for us gamblers, they don't give any considerations for our loses but when we win they are fast to take their own shares, governments are only concerned about what they will gain from every earnings. I think that gamblers should just accept it as something that they have to deal with when they win big because that is where they would feel the government taxations, it is something that is beyond our control. On a lighter note I think that we shouldn't mind winning big and sharing a small portion of it to the government as tax instead of losing everything to the casino, half bread is better than none.

[m2017]

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.

In my country, it's 13% (without going into the various nuances of winning amounts).

More taxes for the tax god! Two taxes are better than one.

But do you think this is really reasonable?

Looking at some laws, sometimes it seems that there is not much that is reasonable (from the position of citizens). In any case, this is very beneficial for the regulator itself.

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.

Ok, so the government takes taxes on winnings. But why doesn't it compensate gamblers for their losses?

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.

That's why people play online casinos with cryptocurrencies.

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.

In fact, this looks like double taxation, since the casino has already paid its taxes. So why charge the gambler any more?

The regulator's greed.

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?

Casino operators won't like this at all and will lobby their interests through corrupt officials. Or have they already done so?

[Dunamisx]

It is quite unfortunate that the government doesn't show any empathy for us gamblers, they don't give any considerations for our loses but when we win they are fast to take their own shares, governments are only concerned about what they will gain from every earnings.

Imagine when there are a number of youths in the country looking for job to earn a living but couldn't find one, some lack the Capital to establish their work from developed skill they have acquired, education is no longer free and everyone have to only survive by doing all his possible best to end a living.

This is why you will discover some gamblers see such opportunity with placing bet be able to meet up with their personal demands financially an eventually if the end up winning, would you still expect them to give part of their winnings to government that does not support them in any way or through the years of their struggling, after taking the risk to gamble.

[CryptoYar]

This would make one time windfalls gross taxable income, while not accounting for total losses that have occurred over number of years, effectively making whole setup unequal in way which would greatly disadvantage long term participants. Replacing burden of regulation onto casino operator by increasing fees paid for licence does not address underlying problem as the costs of the structures will be passed on by corporations by means of fake house edges and payout percentages. Greatest issue with structural compliance is need to meet day to day setup requirements, which are imposed on regular players that dont always have full record history. Unified measure of net annual winnings would gradually eliminate random double taxation and keep ordinary hobbyist out of legal mess.

[TopTort777]

I gamble in crypto casinos mostly and I have no idea about gambling tax size in my country. I havent yet won that amount, when casino will ask me to provide personal information, because they need to report my win to tax authorities. I am neither a regular gambler, whos little wins and withdrawals reach minimum-amount-won that needs to be reported to tax authorities as individual In my country you need to regular local casino gambler to make tax authorities make interest of your persona, and win regularly. Or win in a lottery/jackpot. In other case, not until you start making thousands from gambling, nobody cares about you.

[DabsPoorVersion]

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?

Honestly users have also losses in casino. They taxed when you win big but dont include taxes on losses. For me this should be incorporated too as not all gamblers always win. Or only put the taxes on operators cause if we summed up all the wins and losses from players we can assume that losses inflicted more than winners. Meaning more profit for them.

It's unfair, right? But let me tell you this, when a person wins in a casino it is already considered as a form of income basically because it means your money increases. Like receiving a salary or a profit whether if it is from investment or business. So, why losses are not tax? Because you basically lose money in the process. Gambling is considered a form of voluntary activity, like spending money on something to entertain yourself. Basically, it is a personal choice and not anyone else.

When it comes to taxing only the casino operators, it will also be unfair on their view. Casinos have many unthinkable expenses and taxes that most people never know. Even if we know that most of the time the casinos win over players, it is still unfair for them to shoulder everything. Besides, if we will see casino income and player's earnings in gambling, they are two different things. The Casino is a business while the player earns if they happen to win with their bet.

[KTChampions]

I know one universal rule that is easily applied and works great for gambling taxes (as well as for any other taxes): you must avoid taxes!  

That is easy to say, some gamblers may choose no-KYC casinos because most of them are probably not licensed, which means they may not report your winnings if you win big, as long as they pay you.

But of course, there is a big risk in using unlicensed casinos. Even if some of them have a good reputation, you are still not fully protected if something goes wrong.

If we are worried about tax while using licensed casinos, then that is just part of gambling legally. Tax is almost inevitable if the law requires it. Maybe there are legal ways to reduce or avoid certain taxes, just like what they call tax avoidance in business, but that should be done legally and not by simply hiding winnings.

No offense, friend, but that's nonsense. "By law," you've long been a slave to the state, even if you live in a civilized country with an imitation of democracy and human rights. And if we're talking about less developed countries, the situation is even worse. Therefore, the desire to do things legally and even take "legality" into account is simply a psychological problem that needs to be overcome. I am confident that my moral standards are much more in line with humanity, civilization, and generally everything good than the fucked up laws that the bandits in the form of the state are imposing on me.

[Yorubek]

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?

Honestly users have also losses in casino. They taxed when you win big but dont include taxes on losses. For me this should be incorporated too as not all gamblers always win. Or only put the taxes on operators cause if we summed up all the wins and losses from players we can assume that losses inflicted more than winners. Meaning more profit for them.

It is true that gamblers should not be taxed because gamblers cannot always make money through gambling, the possibility of loss is more than profit, so it is unfair to taxed them based on profit. You have a point in this, when gamblers lose money, no concession is given while paying, so taxed them based on winning money is a kind of oppression on gamblers. Instead of taxed gamblers all types of taxed should be levied on casino because gamblers face losses through gambling but in the end the casino benefits, so taxed gamblers should be stopped.

[Ibeology]

Since has government impose the law of tax in gambling well there is nothing we can do about it, but is not fair, the chance of losing in gambler is much why the chance of winning is very small, the little chance we have in wining a year gambling, shouldn't be for tax revenue which I know too well that the one a gambler win within some period of time the money will be used for gambling again,why will the government not to pay for the losing instead of waiting for winning only.

[passwordnow]

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?

If the law says so then it should be taxed. I think most of us are aware of it that any kind of winning if it's covered by the law then it is taxable. Any amount that's being gained then expect to it that there's something that shall be reduced to it for the government to collect. There's no skipping for both casinos and gamblers at the same time, it's a double taxation that they're doing it and that's for the government's gain that we can't stop.

[purple_sparkles]

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?

If the law says so then it should be taxed. I think most of us are aware of it that any kind of winning if it's covered by the law then it is taxable. Any amount that's being gained then expect to it that there's something that shall be reduced to it for the government to collect. There's no skipping for both casinos and gamblers at the same time, it's a double taxation that they're doing it and that's for the government's gain that we can't stop.

I think that when politicians start looking for more and more ways to take money out of citizens' pockets, that's the time when people should wake up and start demanding change, before things get much worse.When politicians, instead of passing laws that help people become more prosperous and improve their quality of life, focus on finding new ways to collect more money from them and even tax the same activity twice, I believe it creates poor prospects for a country's future development.

[passwordnow]

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?

If the law says so then it should be taxed. I think most of us are aware of it that any kind of winning if it's covered by the law then it is taxable. Any amount that's being gained then expect to it that there's something that shall be reduced to it for the government to collect. There's no skipping for both casinos and gamblers at the same time, it's a double taxation that they're doing it and that's for the government's gain that we can't stop.

I think that when politicians start looking for more and more ways to take money out of citizens' pockets, that's the time when people should wake up and start demanding change, before things get much worse.When politicians, instead of passing laws that help people become more prosperous and improve their quality of life, focus on finding new ways to collect more money from them and even tax the same activity twice, I believe it creates poor prospects for a country's future development.

IMO, even before the new politicians comes in. There's already a ruling about the gambling profits to be taxed aside from the operations from the casinos. And that's why a gambler is expected to get their profits with a slash from the government due to taxes. But I think not all are following it especially in the crypto casinos, it should be each individual to file for that and not all are willing to do it. We don't like taxes but that's the law says and there's a consequence for not complying to it.

[Crypto_Timothy]

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?

I think the fairness of taxing gambling winnings depends largely on how the tax system is structured, so like if players are taxed on gross winnings without being able to deduct their gambling losses, it can seem unreasonable since alot of people are actually net losers over time but on the other hand, gambling winnings are still a form of income in many jurisdictions, so governments argue they should be taxed like other types of income. Personally, I do think the better approach is to place most of the tax burden on licensed operators while allowing players to report only their net gambling profits becuase that creates a system that is easier to administer fairer to regular gamblers and still provides governments with revenue from a regulated industry.

[knuckey]

In my country, gambling is strictly prohibited, so I don't know how it's calculated. However, after reading the OP's explanation, it's not good to ask for taxes from players. The casino should be responsible for taxes on players' winnings and losses, because players tend to lose in the long run. If you apply taxes to players, it's the same as torturing players.

[Pandorak]

To this day, the rules regarding taxes on gambling winnings make no sense to me.

Imagine we’re betting with our own money, suffering one loss after another, dealing with so many financial losses, and then when that moment of good fortune finally arrives, in this context, when we manage to win, there’s already a tax waiting for us. Isn’t that unfair.

The government only shows up when we’re making a profit to take its cut, but he doesn't care at all when we're losing money. This is the bitter reality we have to accept.

[famososMuertos]

In countries like Spain it was complicated since they charged even on the wager; we're talking about poker, for example, which must be regulated in the .es domain. The United States is the same; in fact, there was recently controversy over new regulations regarding losses. Poker is restricted in several countries; France and Colombia are examples of countries that only allow players from those countries for purely regular reasons.

[blockman]

In my country, gambling is strictly prohibited, so I don't know how it's calculated. However, after reading the OP's explanation, it's not good to ask for taxes from players. The casino should be responsible for taxes on players' winnings and losses, because players tend to lose in the long run. If you apply taxes to players, it's the same as torturing players.

And that's the problem for many gamblers because we're still asked to pay for the taxes that we have already lost from the potential profit. So, in the end that we get that tax that we should have already done for paying when we don't have the money. Yet, it becomes like a credit that we still have to pay despite that the money is no longer in our hands. The operation of the casinos are taxable because they're a business but for the gamblers, we're not the business itself and yet the gain that we get from winning are taxable. We get that a lot especially from the brick and mortar casinos.

[JunaidAzizi]

The gamblers are the ones who suffer a lot; they are caught between the government and the casinos. When they earn, they pay taxes to the government, and when they lose, the casino takes that money. In any situation, the gamblers will pay for it. However, the government's actions are beyond my understanding. They collect taxes from the casinos, and the casinos pay taxes for themselves and for the gamblers. So what sense does it make for the government to take taxes from the players separately? But no one can do anything, the government gets a huge tax from everywhere, and they will not allow the money to stop, so they won't agree with the gamblers.

[LUCKMCFLY]

I don't know them, and even less so now because the situation in the country is so crazy that not even the government has taken the liberty of doing so. Right now they are focused on stealing the country's resources, so they are not very interested in the gambling aspect. For them, it's better that there are casinos so that everyone can spend their money there and not on the riches they are taking, both for themselves and perhaps for the USA.