Topic: Gambling friendly countries - page 2. (Read 764 times)

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.

If you are not a big gambler then I don't think you need to choose a gambling friendly country. Although you didn't mention that in your post. But maybe you made this topic for the purpose of knowing the information. Generally, I understand gambling friendly as the countries which are in favour of gamblers i.e. provide more facilities for gambling and also those countries which do not need to pay any tax to gamblers or comparatively less fess, we call gambling friendly countries. But according to my knowledge, some small countries can be called paradise for gamblers. Those countries like Malta, Bermuda, Monaco where gamblers have the most favourable environment.

you have a point, and one more thing, it will be expensive if you relocate to a country just because a place is gambling friendly, can't you just gamble via online gambling sites while you live in your own country? or you can just comply with what needs to be paid or passed on, after all gambling is legal in almost every country, there are only a few that prohibit gambling because of their religion but this is a different matter.

Already the world is computerized online gambling it’s always 90% choice for those that prefer online activities that are gamblers, I don’t think relocating should be a good idea the online casino is there a lot of online gambling, which will be favorable to you, and most countries are gambling friendly the ones that are not accepting  may have some online activities that will benefits gamblers, most country, that I see that partially  accepts gambling do have some online casino that will be good for you, some countries accept gambling in some part and some part it is prohibited, which means those people that find themselves in the part of the country where gambling is not acceptable also gamble via the online there must be a way.

Most nations are gamble friendly, especially the ones that have adopted the Western culture. Gambling is seen as a major source of income in most this is why they will make policies to attract gamblers. I know that in Western, Southern, Southern and Central Africa gambling is allowed and they place less tax burden on gamblers. Except for those nations that have strict religious ties that forbid gambling. However the Northern part of Africa might not have many gambling-friendly countries because of cultural or religious beliefs.

This is the first time I am heard that the UK tax only gambling operators and not gamblers and I confirmed it to be true. I have known the UK to be ruthless in taxation but this exemption will attract more gamblers to the nations. It is also possible that the casino operators will indirectly cut the tax from winners in casinos. Nations like Macau and the Bahamas will do everything to attract gamblers because they depend more on tourism for their economy to survive.

It is interesting to know about that because for me personally the countries that are around Russia, Belarus, catch my attention, especially their language, it seems to me that the RUSSIANS, Belarusians are very intelligent people, and their ass and that way of I like it a lot, plus they have the most spectacular landscapes in their countries, but above all I like the way Russian culture is, their history and everything they represent, I didn't know that games of chance were prohibited in RUSSIA, well These things are sad, at some point in my life I would like to go to that country, but before going I would like to learn Russian, in fact one of the things I would like is to go to the places where they play chess or I know that The Russians are very intelligent for that sport and playing against a Russian would be a real pleasure for me to do, because I know that I am doing it with the most intelligent people in the world, it is something that excites me.

In the games that there are, in the things that are presented with the restrictions of the casinos, I imagine the Russians visiting these casinos, really that is something that attracts attention, the good thing is that they are very close countries, And apart from RUSSIA it is easier to jump to Europe, personally since I am from South America which is the USA, Europe, Russia, those countries are very beautiful, I adore their cultures, and above all their history, seeing the people in eps countries, visiting them and seeing what their casinos are like would be something great, that is why it draws attention in Russia that they do not have casinos or that they are prohibited, the good thing is that there are gambling options in nearby countries.

Same here but I think I also heard before that cryptos are being taxed on this country, and if so then why crypto gambling is exempted? I'm not saying that they should include it as well but in fact that's better because at least there are still activities where people there can fully enjoy their cryptos. Gambling is already taxing in terms of finances but how much more if a literal tax is applied on it right?

But, it may be fine if it's only applied to the winners. When you say efficiency of profitability, I think you are referring to the service that a business is offering. Indeed it's the first step but a proper location is also a must and it may come as second on the list.

I want to write about one of the gambling-friendly countries - this is Belarus, where gambling has officially become permitted since 2018, although I remember very well that I often saw casinos there earlier, before this year.
In neighboring Russia, gambling was banned, which is why the phenomenon of so-called Gambling Tourism appeared in Belarus, when Russians come to cities close to the border to gamble.
Do you think they pay taxes?
No.
They take the winnings and leave. It turns out to be a very convenient system.

The United States has become significantly more gambling friendly over the past few years.  It's crazy as I can now just turn on the radio and here a gambling commercial spot every other commercial, or turn on the television and see several different commercials about gambling..it's definitely a new day..as for taxation, that's been covered by other here, and while high, I think it's manageable.

Really? you will going to jail https://www.jdsupra.com/legalnews/uae-s-gambling-laws-prohibition-7827798/

What's the relation with this thread? @OP is asking which country has a low tax for gambling winnings, he's not asking the tax or legality in your country.

Nah, there's no such gambling games can get away, it's still illegal. Gambling is illegal in Indonesia, if you report your gambling winnings and pay tax accordingly, you will going to jail because you broke the laws.

Right, maybe Macau as well could be added to that list, their whole economy is based on gambling per se, and I think it's the only one country that totally rely to gambling industry for their GDP and to survived.

I'm not familiar with UK though, but perhaps you are right, it's not the gamblers that they taxed by the operators themselves.

So to the OP, you have been given enough information already, it's time for you to narrow it down if your plans is to move on those friendly countries.

The first country that springs to mind is the United Kingdom, which taxes the profits made by gambling operators rather than gambling winnings. The United Arab Emirates is another nation that welcomes gamblers, as it does not impose taxes on any type of income, including gains from gaming. Several other nations, including Macau, Monaco, and the Bahamas, have very low or no taxes on winnings from gambling.

What are my chances of actually moving to that country? Of course there are no plans to move as long as comfort is found in the country I currently live in.
Moreover, I can find details of the income tax imposed when I take the time to do an internet search. But I'm reluctant to do it because it's not that important to me regarding the amount of gambling tax because actually gambling is not a place for me to make money but to have fun.

Some members here seems to think that you're probably planing to travel to a gambling friendly country where you'll not be taxed for gambling, but I think that you might just be asking out of curiosity, probably because your country's tax on gambling is very high. Knowledge is power so as a gambler it's ok to be informed about the gambling habits and regulations in other countries. If you gamble and win, I don't think that it'll be much of a problem to give your country a share of your winning as tax, although you can argue that they don't compensate you for your loses. I think that it's only in countries that have developed their gambling industry that can afford not to collect tax from gamble winners, as a way to entice their citizens and tourists to engage in gambling.

Well, if we always use cryptocurrencies to play we automatically get rid of all possible taxes, so I don't see any reason to care about that... Just knowing where to play and how to play, maybe we should care about using what bitcoin taught us in our favor... Taxes are theft!