Topic: Gambling friendly countries (Read 752 times)

You are right, some governments might allow gambling and casinos to operate within their countries so that they can get some money through taxes paid by both the casinos and their gamblers in case they win, however, things such as cockfighting shouldn't be allowed because it's unethical and injustice with animals that are involved because it's humans that raise those animals and then make them fight till death only for some gains which in inhuman, in my opinion.

Countries that mostly do this for gains will have high taxes for both casinos and gamblers, I have heard that some countries charge more than 30% or 40% in taxes from both casinos and gamblers which is a lot, but you can't do anything if you are residing in that country and want to gamble or run a casino.

Isn't it normal to have high taxes for activities related to gambling? The idea is its prohibition in most countries. Not because gambling activities and establishments are allowed to operate in a country means it is welcome. Some countries considered allowing some of these activities for the sake of taxing this sector and for the government to make use of it on the economy. Evident in the country I am currently in wherein lottery, chicken fighting, and horse racing are allowed to those organizations who are willing to pay and comply with taxes and guidelines the government will require. However, not all gambling activities are allowed to freely operate including those on the same gambling category but are not complying with taxes. Money is power, is the main thing.

Very bad advice if you ask me, I was hoping or believing you were going to tell everyone in a country that is on a list of restricted countries to completely avoid such casino, better  to be safe and than sorry yeah, remember what is being said about prevention being better than cure.

Before saying this thing you said, did you even pause for a moment to imagine that what if the player deposit and play with a very small amount of money like you suggested, and along the line, he or she luckily wins a big amount of money, what do you think the casino will do? If they don't want to pay this winning, they have an open ticket and a very good reason not to - they can either ask the gambler to submit his document for account verification again, and when he does, they will instantly ban confiscate the winning for obvious reasons, or they can outrigtly ban the player for playing from a restricted place.

It is absolute foolish to put your hands in fire to know if your hands will get burned, if your country is restricted by a casino, avoid that casino by all means, there are alot of other casinos to choose from.

In fact, there is a lot of variation in tax collection between one country and another.
Unfortunately I didn't find any specific data about online gambling, but I discovered that when it comes to casinos in general in the UK and Macau, casino rates can reach 40%, in Spain 61% and in Germany at absurd 92%. There are several factors that increase or decrease taxes within a country, these percentages that I mentioned are the maximum limits. On the other hand, there are countries where taxation is more lenient, such as Australia (30%), Singapore (15%) and South Korea (10%).
Here in Brazil, the government has already made it a little more flexible... before it was completely restrictive to any bet, today it is already allowed to place sports bets and the tax charged is in the range of 15%.

I want to take advantage of this thread to appeal to people who are in countries that are on the list of prohibited countries, casinos need to comply with the laws, and it is true that it can be unfair to these people, because they are not to blame for the governments they have , but once they are in sanctioned countries, they must comply with the laws. If they know that at the casino x where they want to create an account, there is a list of prohibited countries and that their country is on that list of prohibited countries, then that person should not rush to create an account at that casino, they should ask support if they can create an account even if they are In this situation, if support says yes, you can create an account, then that person creates an account, does kyc and waits for it to be approved. After seeing that it has been approved, then make small deposits and play, because having little money prevents you from seeing your money being confiscated one day and complaining a lot because you lost a lot.

Maybe a die hard gambling addict will  lol .
Some countries have more support for Gambling than others. However I kind of wonder why at first sight of this post Las Vegas echoed in my mind  probably too much movies I guess.
Anyways taxation is one of the main reasons why some gamblers prefer online gambling to the regular and traditional Gambling. In some countries gambling taxes can make the idea of making use of a traditional casinos seem quite tiring as most times people aren't quite happy paying taxes. most of the time, even if people are taxed they sometimes prefer not to observe it or formally speaking people tend to prefer being taxed indirectly than directly.

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.

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.

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.