Topic: Are the Big Gambling sites paying taxes? - page 3. (Read 1560 times)
In my opinion, tax payments on gambling sites are definitely dependent on their country's policy on tax rules for gambling because not all countries have tax laws on gambling and even some states prohibit gambling.
I think the gambling sites that operates in a country where gambling is legal should pay taxes if the government knows that they are operating because they cannot operate if they don't pay. If they operate in a country where gambling is suppose to be illegal then they are not paying taxes simply because the moment the government knows they do that, then they would be penalized. Those sites that operate using cryptocurrencies I suppose do not pay taxes.
I think depends on gambling site, I guess online gambling doesn't have taxes because that is not under government, unlike to those who have a physical stores and they need to register their business under government so they need to pay taxes for it and depend on how much income they have in a Month.
As long as the business have a built or physical companies,with employees . They are required to have a registration at the Government, but if they are only operating online without a physical company then they are not allowed. 
i think only big gambling site, ready get high reagulate and legal
ussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement
sample bwin, williamhill(from england) is ready regulate and payment tax
But those are regulated ones not every gambling site can get regulation you need to follow so many rules , agree to mamy terms and other sort of permissions are required not everyone is able to afford it or can get it it's better if it's not regulated they don't have to too mamy taxesussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement
sample bwin, williamhill(from england) is ready regulate and payment tax
Online Casinos are also paying taxes same as Land Base casino especially if they have specified a company or they have built an organization, They are paying license and tax on the country that they declare to establish.
i think only big gambling site, ready get high reagulate and legal
ussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement
sample bwin, williamhill(from england) is ready regulate and payment tax
But those are regulated ones not every gambling site can get regulation you need to follow so many rules , agree to mamy terms and other sort of permissions are required not everyone is able to afford it or can get it it's better if it's not regulated they don't have to too mamy taxes ussualy payment use fiat money, and register very dificult because must verified id, with high quality requirement
sample bwin, williamhill(from england) is ready regulate and payment tax
Of course they do pay taxes. To not be banned they they open an official firm which should to take a licence for gambling activity. Everything should be paid and all papers should be on place to a big gambling site could work. In the other case it's activity sooner or later will be cuted by government's controlling structures.
What the hell! Governments are highly involved in ruining the lives of people. When they know people end up living on streets, why they allow such sites to play with lives of people. When we know something is addictive, it should be not exposed publically because everyone does not have good self control. This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?
What is the legal approach here?
Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?
Thanks.
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?
What is the legal approach here?
Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?
Thanks.
It kinda depends on the regulation laws on where the website originated. Some countries have harsher and stricter regulations on gambling sites while some have very lax and giving laws for it. That is why i think some people are moving to those countries as it is easier to live off there.
I agree mate, when it comes to gambling sites I believe government are very strict in their regulations. They will also inspect and investigate to check the credibility of the site itself to avoid fraudulent activity. That's why also is real casino places there's a lot of permit that need to be submitted before they will allow you to operate the site.
Gambling site like pd doesn't declare their actual earning, sort of security reason I guess. Paying taxes? tbh it doesn't matter on me wether they pay taxes or not on the country where they operates. As long as they are paying every withdrawal right away regardless the amount, it's fine on me.
Point is there mate as long as they still paying in the right manner maybe I won't also care if they are paying right taxes from their government as I know that they won't or theres no way to track if how much earning they have and its also differ from each countries that they belong,.i think gambling sites is not paying taxes for government because the site is online and how government will trace their revenue from gambling? even if they can, the sites is not always hosting in their territory so there is not related with them. and if the gambling sites have physical compane, then they are only pay taxes for their office too unless they give the complete assets they have to the government then government will decide to included in the list to pay taxes or not.
This statement might be true for Asian countries which are not so developed yet. In U.S and other western countries, they have to pay taxes on online sites too as most of the business run on-line in developed countries. It is the legal right of the country to get taxes from the income of the gambling sites and keep the running of the country operation smooth. Taxes should be given to keep the government run the expenses in running and managing the country.
This had me thinking,
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?
What is the legal approach here?
Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?
Thanks.
Since its all in cryptocurrencies, do these sites even open a company and declare their earnings?
What is the legal approach here?
Is opening a company more profitable? since paying company tax is usually lower than personal tax?
Also all of this has to be done where online gambling is legal?
Thanks.
It kinda depends on the regulation laws on where the website originated. Some countries have harsher and stricter regulations on gambling sites while some have very lax and giving laws for it. That is why i think some people are moving to those countries as it is easier to live off there.
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Yes, we should be careful when we decide to deposit in any of gambling sites, we must first make some research about the site, to know if the site is legal and is scam or not, by reading some reviews. In few months ago, I played on directbet.eu , it's one of my favorits gambling sites, it pays fees when we withdraw, but unfortunalty it closed now.
It looks like you confused about the OP question. He is asking about whether these gambling sites are paying taxes to governments or not? He is not talking about the withdrawal fees.
If I'm not wrong directbet was deducting our fees from your winnings to send payments and it was my favourite site to bet on cricket matches. Most of the land-based casinos should be paying taxes and only online casinos not sure how they manage this part.
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Yes, we should be careful when we decide to deposit in any of gambling sites, we must first make some research about the site, to know if the site is legal and is scam or not, by reading some reviews. In few months ago, I played on directbet.eu , it's one of my favorits gambling sites, it pays fees when we withdraw, but unfortunalty it closed now.
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
It happens. Gambling sites are mostly not registered as gambling sites under their own country law. They hide their status and things are just for fun so government don’t take such notice of it. People came, play online, and have fun and they are gone so profit is with owners and story ends.Its not like that, every site has to be registered somewhere, depends from country where its registered they need to work under their laws. Regulations and taxes are not the same in every country, some countries forbid gambling of any kind, some have very high taxes for gambling, but there is always some island paradise that offers very low taxes and not so strict laws. Its not just with casinos, you can look for many corporations and companies that are registered in some of this paradise countries.
I agree with this matter mate, this really implemented strict laws on gambling registered licenses as well as highest tax implemented laws. Those who doesn't comply to the law implemented requirements will be subjected to website closure, and worst if they don't pay taxes they will be totally banned and won't be accessed again. So in order for the gambling business to run smoothly without any illegalities, well those owners must abide the laws and regulations because if they don't; they will be considered illegal business.
Maybe if they want to be recognized as a legal site then they have to pay taxes. If they do not pay taxes it's an illegal gambling site, and illegal means less security.
If gambling sites are created and operated in a country that prohibits gambling, then the site is definitely illegal and certainly will not need to pay taxes.
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
It happens. Gambling sites are mostly not registered as gambling sites under their own country law. They hide their status and things are just for fun so government don’t take such notice of it. People came, play online, and have fun and they are gone so profit is with owners and story ends.Its not like that, every site has to be registered somewhere, depends from country where its registered they need to work under their laws. Regulations and taxes are not the same in every country, some countries forbid gambling of any kind, some have very high taxes for gambling, but there is always some island paradise that offers very low taxes and not so strict laws. Its not just with casinos, you can look for many corporations and companies that are registered in some of this paradise countries.
I do not think so, maybe the site holder can hide his status. Gambling sites are not like real casinos that are clearly visible to our eyes. Gambling sites seem more privacy. I do not really know but it looks like gambling sites do not pay taxes. They benefit for themselves. Or maybe gambling sites pay taxes if the country legalize gambling.
It happens. Gambling sites are mostly not registered as gambling sites under their own country law. They hide their status and things are just for fun so government don’t take such notice of it. People came, play online, and have fun and they are gone so profit is with owners and story ends. 
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
I think casinos which have license would certainly be paying taxes because even government know how much revenue roughly they would be generating considering the people play in casinos and tourists who specially come to Las Vegas, Macau etc. Yes some part they could evade the taxes through their internal setting but ideally I assume they do must be paying taxes.
i think gambling sites is not paying taxes for government because the site is online and how government will trace their revenue from gambling? even if they can, the sites is not always hosting in their territory so there is not related with them. and if the gambling sites have physical compane, then they are only pay taxes for their office too unless they give the complete assets they have to the government then government will decide to included in the list to pay taxes or not.
Yes, they don’t have marked any signs of revenue on their websites. How government will be maintaining their records of profits and loss and then calculating tax. They are online and as you said, websites are often developed out of territory so they, maximum times, don’t pay any tax.But all these will be possible only with the case of crypto based gambling business. But all the fiat based business must pay taxes and must provide their revenue information too.
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Taxes are very important for the big gambling sites. Well those are ways for them to become legal, paying taxes. Sometimes that was the reason why some gambling sites are only open in the night because of the government's order. Governments are very strict when it comes on gambling or casinos they are ordering rules for the casinos to be followed by so they need to pay taxes for them to continue their business. 
Some of them do, but most don't. It is risky depositing with some of these fly by night gambling websites. Do your due diligence before depositing, and having a license gives the operator some legitimacy.
Of course big gambling sites will pay tax because its just part of the requirement for them to continue to stay in business. The taxes might not come in form of income taxes like all other companies but licenses and permits will definitely eat into their business. On the issue of not publishing their financials for the public, this is due to the fact that most gambling firms are not publicly owned as they are majorly own by individuals, group of friends or families with limited amount of people.
Jump to: