Topic: Gambling friendly countries (Read 628 times)

Yes, I would like to also know that because I have been thinking about it all this way and most of the countries I knew the charges is so high in gambling. In fact, the government is even much interest in gambling companies to generate the tax and revenues then some other countries may not really have interest in gambling, but they take a very minor taxes on it, not that they don’t charge at all. They usually charge what is very low charge and that can be called gambling friendly countries do some are hidden you may not really know and you can’t tell. Sometimes the chat is not from the player it may be from the gambling complain and the gambling complain. We put it into as a gambler, and you may not even also know it is called he didn’t charges come on aware

A logical explanation indeed. With gambling the only way to make money would be to be the casino, so if the OP has the intent of owning or building a casino there, by all means go forward with it, I would even invest in it if they are able to follow through. But playing there just to avoid the taxes in other countries does not sound so bright.

The thought process of gamblers need to change from being a degen to being the person who creates more degens who will pay you, thats business.

Taxes are automatically taken from the profits. Only winners mostly get the tax because the losers are considered included in the taxes of the gambling platform.

For example here in our vicinity, there's a cockpit and I've only heard this from the patrons of the said gambling place.
They say your profits won't even go as high as x2.00 when making a bet for a rooster. You only get 1.50 - 1.70 even if the rooster is a little underdog. Well, they also said it is explained inside but I never had the guts enter the building just yet.
This means the city is taking twice the tax. One from the cockpit business and the other from the winners which is automatically deducted after a win.
Then, they also have paid parking spaces so I guess the city is getting a lot of money from this gambling platform and I can see where the money is coming from with how fast our city is being developed.

It's a good thing for the residents, I just hope my kids won't be going there when they grow up. I have to make sure of that.

The issue is relocating because of gambling, but so many people have the intention, but the cost of the locating from one country to another. It is a very big problem for them and it is not easy as you think so I don’t think that anyone will want to relocate because of gambling, there is a lot of different option which you can also gamble from other country that is the online casino and other online gambling sites that can assist you whenever you want to gamble some countries don’t accept gambling gambling is prohibited in the country people in the country that doesn’t accept gambling usually gamble online sometimes with VPN from other countries. Everyone intention is to make money

Yes, it's not worth relocating for, because gambling is not a business or a source of income, If you keep losing money in your country, you will keep losing money in another country, it's not about the tax if you are making enough money, but in the case of gambling you might not make anything good or you can even lose everything.

I can relocate to avoid war, I can relocate because of my business, I know someone who relocated because of crypto mining, he is a friend from China and he moved into an African country, these are worthy because you keep on making that money like you always do, but not in gambling.

You should go to Macao if you are someone who only knows how to live as a gambler, Macao has very low tax policies, but I am not sure it's worth it from my side because gambling has a very high chance of turning you into a loser than a winner.

While gambling is completely prohibited in Muslim countries, gambling is outright legal in many countries outside of Muslim countries. Gamblers can easily gamble in Europe or the Americas and there are many casinos and different mediums for gambling. There are countries that attract wealthy tourists and lure them into gambling, leaving large sums of money in their country. Today, most of the advertisements we see about gambling are in different sports. Ahead of IPL and people from almost all the countries of the world will gamble a lot based on that IPL. In addition to IPL gambling in countries where gambling is allowed, there will also be a lot of gambling in countries where gambling is not allowed. However, even if people of all countries play gambling, not all citizens of the country can play gambling as approved by the government.

Very funny question, I wonder who would be interested in this kind of topic, do you plan on relocating cause of tax on gambling  , then you are sure one he'll of a kind gambler, wow very curious now, do you make or live out of gambling ? Are you that good?. But most African countries are tax free on gambling wins, such rules don't apply there.

I don't know about Macau, they're an administrative region of China so I don't think that they'd ever want to consider having that kind of set up that they're not getting a big piece on the gambling business through taxes. I don't think that Monaco is the best one, is there like a link that says otherwise about them being the best gambling haven in the world? I'd like to check it out. I don't want to do a lot of Google search but I do believe that whatever country is the most gambling friendly when we're talking about taxes, there's a possibility that the country that would do that is a country don't mind the taxes, meaning that they're rich already in other aspects, that can be a factor too.

I think most African countries don't actually charge much on gambling tax, and some even don't charge at all except the gambling platform charges for the sake of them been able to meet up with the tax they actually pay in some other countries probably from which they operate and makes it remotely accessable to the African folks in their country too, taxing on gambling is most common in the Asian and American continent although I'm not really sure how well they get to fix their taxation in these areas.

So talking about gambling friendly countries I think it could be found mostly around the African continent and I can't specifically mentioned name of countries at this time but I know within the African continent there's some considerable friendly environment for gambling.

In my opinion, here in our country, taxes are collected only if someone wins a lottery jackpot. And it's also pretty big, in my opinion, if I'm not mistaken; it's around a 12% tax deduction that is deducted from the total won.

And it is likely that legal gambling is also taxed because it is under regulation by our government, unless casino gambling is illegal and is not registered with Pagcor, which is held by our government in the country where we are located.

But why will one want to leave his country to tax friendly country, this is really serious cause I think yes he want to relocate so he can facilitate a faster means of his gambling and  easy tax demands.

Don't you think this is a high rate of gambling addiction but I think most gambling countries just share almost same tax rate as pertaining Gambling,so it's best you remain at your domain country and gamble at a lower percentage an amount you can afford to lose and you would have it all good.

Some countries that I know have low or no tax policies on gambling winnings are: Macao, Monaco, Bahamas, Bermuda, Gibraltar... There may be some other countries, however The most popular and well-known is probably the world's largest gambling center Macao. If you are a gambling fan, you should try coming here to gamble once! 

I'm not a US citizen, but I remember seeing news that people who won lotteries in the US saw the value of their prize greatly reduced because of the high tax amount. for example, from what I could understand was that in the USA when a person wins 1 million dollars in the lottery, then the tax amount will be deducted and then the person ends up with less than 1 million dollars, perhaps the person ends up with 740,000$ or least because of the high taxes charged by the US government. whereas in a third world country like my country, when a person wins the lottery, that person will not be deducted from taxes. for example if that person wins 1 million dollars in my country's lottery, then that person will be given 1 million dollars. nothing will be discounted

This is because in my country, people pay the lottery tax every time they buy a ticket. for example, the government determines a 17% tax value, in this case, when the lottery company sets the price for each ticket, it must count on the 17% tax. If the lottery company wanted to put 1$ for each ticket, then when counting on 17% tax, then the lottery company will put 1.20$ for the ticket price. This way the winner does not pay tax. In the case of gambling such as sports betting, the casino that operates in my country deducts a 17% tax every time someone places a bet, regardless of whether that person wins or loses. I think this is a good system that my country's government created


In my country the tax amount is 17% and in the case of casinos that operate outside my country, we are not charged taxes. Only casinos that operate within my country using my country's local currency and with deposit and withdrawal options using banks and other payment methods in my country will be charged tax. The winner of the lottery in my country does not pay tax, because the lottery tax is charged on the tickets

I do think that majority of the countries have their respective taxes on gambling. I also believe that there exists no country that has 0% tax on it given on how much revenue it can give to a certain country due to the amount of people and money involved.

Just to give you a concrete example, in the Philippines, our Philippine Amusement and Gaming Corporation garnered a whopping p79.3 billion PHP or around ~$1.4 billion dollars of revenue in our country.¹ It is actually responsible for bringing the highest revenue so far in the country which can build infrastructures and projects for the country.

So if you are looking for a country with 0% tax laws regarding gambling, then you will be having a bad time. Personally, just choose a country where you are comfortable with and exercise the prerogative of gambling in that said country.

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1 https://pia.gov.ph/press-releases/2024/02/02/pagcor-2023-revenues-up-35-to-p794-billion#:~:text=PASAY%20CITY%20%2D%2D%20The%20Philippine,the%20rising%20Electronic%20Games%20sector.

Well, Italy has a lot of gambling initiatives opened to public but here there is a monopole for betting that can dictate all events and there is not a real advantage for people.
Likewise if you are a foreigner operator you can't operate here with your .com but you need a local .it website.
There are tons of offers to public / consumers but these are not really convenient due the market restriction it's really easy get a real advantage (if you are a company).
Also there were some big companies that have not payed millions (a lot of millions) in taxes
Winnings are taxed and in some cases are just used for "money laundering".

These are the most friendly gambling countries in the world

https://londonlovestech.com/the-most-gambling-friendly-countries-in-the-world/
Australia Italy China Singapore The USA Monaco the UK

If we notice these countries can be considered first-world countries they can sustain their economy without gambling taxes, countries that impose heavy taxes are usually third-world countries because they rely on taxes to sustain their economy.

Here in our country the government cut is so huge, on Lotto alone the winners will have to pay 20% of their winnings.

Here in Greece gambling profits up to 500 EUR are taxed 15% but above that the tax bracket goes up τo 20%.

There also was a new idea about taxation which is kinda weird. The idea goes that if you play through a licensed gambling company, they are the ones that have to pay your taxes automatically form their own profits.
This is an interesting system because it can allow gamblers to play worry-free without having to adjust their tax statements dramatically.

However it has some drawbacks as well. For instance, with such law companies would have issues hosting games with an edge below 3%, or slots with RTP above 97%. Because if they are the ones that have to pay also the tax on gambler profits, low house edge games will end up being not profitable for them. I'm unsure if such law can ever be implemented, because imagine having to play blackjack with a house edge above 3%. It would really suck and would give unlicensed gambling a bigger edge over licensed casinos.

The other issue here is that 15% tax is already high alone. Imagine though having to track your profits to see which bracket you fit into also. It's an accounting nightmare. Supposedly also you're responsible for filling these details in your taxes and if it's not reported properly you could be fined. At least the government could make the reporting automatic but probably they don't want to bother...

So in my eyes gambling through unlicensed means has its advantages as it carries no penalty for the gambler. And if you get big profits, you can tax them as cryptocurrency profits, which have a tax rate of 15% no matter how much you earn.

European countries are a prevalent group that shows up in the top countries that are pretty much tax free. You can also try Australia, there's a known way to launder your money in their pokies as they call it (I don't know the name of the game), this thing has been exposed already and despite it being exposed, money launderers are still doing it even in the open. I've known that it's tax free in Australia because I watched this story although it's sort of like a vlog where the YouTubers are trying to launder their money and show how easy it's done, they even have the audacity to wear a clothing that says that they're laundering money and no one cared, even at the teller where they can see, they just give the money no taxes. So in my opinion if you want a tax free gambling wins or just plain old illegal financial scheme, Australia is your country.

Gambling is more or less taxed in different countries of the world.  Gambling is considered as a source of income for the government and that is why the government levies high taxes on gambling. Gambling is not legal in my country so no way my country government wants to allow gambling and casino sites. However, there are some gambling and casino sites in my country that are heavily taxed by the government. However, due to excessive taxes, people of our country are now attracted to online gambling instead of offline gambling.

Here in our country, gambling is legal. For example, we have a lottery, which is a charity dedicated to poor people that provides free help with hospital bills, especially for sick people
who are unable to pay for the hospital.

And when someone wins the lottery jackpot, the government takes a large percentage of the tax on that. As far as I can see, they are citizens under the jurisdiction of our government here.


Here in our country online gambling is very rampant because of the influencers who promote it, even minor children are tried to play gambling via online, that's why I hope there is a law here in our country. About the influencers who promote gambling illegally.