Topic: Gambling winnings should NOT be taxed - page 3. (Read 823 times)

You can add Belgium, Bulgaria, Cyprus, Denmark, Estonia, Finland and France to that list, at least when that lottery is played inside the European economic area.

Fun fact: because of our biggest lotteries in eu are national lotteries and eurojackpot as an euro transnational lottery. Because those are state-run, they don't really need to ask for taxes for the winnings as they make plenty of money with them and most of the time allocate huge portion of their revenue to good causes, (education, health, etc) that require tax money to get funded anyway.

I have never paid any taxes so far in online crypto casinos and I'm not even sure that are there any taxes on gambling income in the place where I live.

I believe in my place gambling isn't even considered legal or illegal and that's why there are no tax or other laws about it.

I hope that it should be similar in future so we as residents of the place can enjoy sometime with gambling and not pay taxes if we win the bets.

I think the logic here is when you put your money in the machine it’s already not yours but already part of the machine that’s why all the money that will go out on that machine will be subjected o tax because you can consider it as payment for entertainment in exchange for potential profit.

I believe this kind of taxation is only applicable on some countries to discourage people to gamble by charging unfair taxes. User have a choice whether they will gamble or not since this taxation law is not for them.

Luckily, here gambling in casino doesn’t have strict implementation on taxes. Only lottery and other government regulated gambling games are subjected to strict tax implementation.

Lol, that must be a joke, they should be taxing profits only and not the whole amount, that's like earning money first, getting taxed on the income, and then when you use the income for gambling, get taxed on it again along with the profits that you earn, that doesn't make any sense.

I have heard that in countries where gambling is a legal thing, they tax gambling profits, but I have never heard that even your initial deposit gets taxed, this is insane .

In my country, gambling isn't legal, so there are no casino establishments but there are online platforms that people use for gambling purposes but I don't think they declare their winnings.

That's true, they're discouraging people to gamble but they can't deny the fact that they're raking billions on this industry just with the taxation alone.

Like OP, he doesn't have to take any risk at all. If he's the guy that gambles and wins, and not obliged to pay taxes based on their ordinance whether it's from national or municipal then he's in a tax-free haven area. For which means that the country is getting more taxes from the income and permits of the operation of the casinos rather than the people that makes money from their winning when they gamble.

It depends on what type of government you have. We cannot generalize this as not all countries have the same law, and in fact, in our country, I think our governmnet does not tax gambling winnings as personally I haven't paid any taxes at all. So I can say that our government is gambling friendly and they understand that gamblers does not make money, it's the gambling sites or the casinos.

Taxing gambling winnings is probably just another way to discourage gambling, so if us gamblers feel it's unfair since we are not winning all the time, then most likely we will think of stopping gambling if we don't want to break the law, or just continue gmabling without paying taxes and take the risk.

It is very strange that my country, Mozambique, is not on this list, given that in my country, people who win lotteries do not pay taxes, even in the case of sports betting, people do not pay taxes when they win. What happens in my country is the following: when a person buys 1 lottery ticket, then tax will be charged, that's why the lottery company in my country sets a lottery ticket price that includes the tax, when people do sports betting on local sports betting sites in my country, when placing a bet they pay tax, for example a person bets 10$ so with tax that person will be betting with 8$, but if that person is correct in the bet and ends up with 30$ , at the time of withdrawal this person will only pay the transaction fee that the payment processor charges in my country


honestly, it doesn't make any sense to charge taxes to the winners, since the winner depended on luck to win, it's not something that happens often, and entertainment, the governments of the countries that charge taxes to the winners, should remove these meaningless measures, people Those who play are not doing business, there is no guaranteed profit, which is why it makes no sense for them to be charged taxes when they win, and the most shocking thing is that they charge high amounts of taxes

I think the government do not really cares about our opinion even though we keep agitating about whether gambling winnings need to be taxed or not. There are so many people that have lost so much funds and if the government starts taxing people from all their winnings then I see it as unfair because of the time they were making loses and nit earning money. The profit might be in a form to recover the most funds. If we don't win to today and win tomorrow that could be a form to recover our lost bet of yesterday and if the government is collect their tax because we have win a bet and not to compensate us for losses then I still think that this is selfish.

Taxes are accompanied by death and these two are the permanent things in the world. While some gamblers enjoy the tax-free scene that they have in their own countries.

And we read some crazy ways of being taxed whether you win or not. Well, we're all free to gamble however we want and if we're not satisfied with the percentage and amount of tax that we're billed and obliged to pay as we gamble, you better just quit it.

But then, this isn't about the taxes why many gamble but about the entertainment and those who are gambling for profit, they know that this is one obligation that they need to adhere to.

But are gamblers truly taxed by the government in some countries? I really can't say on how other nations structure their tax systems and whether gamblers are included in tax waivers or not. But for a country like Nigeria where I currently reside, I doubt if taxing gamblers is something that's practiced here because firstly to mention, the government is not really expecting any profit to be made by them and would not know or have an idea on how they can be taxed since it's a win or lose situation.

As for the gambling companies, I'm pretty sure the government is already taxing them since they make profits and have their companies registered for the sake of making profits, then they must be taxed. This is why if the government finds out you run a gambling outfit and it's unregistered or not under their regulations, you can be prosecuted. But I think this is a topic I will like to explore.

Here in our country then its not, you would be getting those wins 100% not unless if you would really be transferring those winnings in fiat form into your bank account and then having those sudden huge deposit then it would really be surely ring a bell and they will really be that locking up  your bank account and asking on where those funds came from. On the moment that they've seen you that you are making such huge money then there would really be those times or moment that tax should really be implied or should be deducted on which it is really that a shit condition to have. So far i havent been able to experienece it since
i havent that been able to experience those huge winnings in the first place.  

If ever you would really be having some deduction from your winnings at the moment that you will be making some gambling winning withdrawal then you wont really
be having any choice but to deal with it.

I saw a minimum of 24% tax on gambling and I screamed because this is too much, I'm not sure if I can survive in this type of country with this heavy tax maybe I don't really understand this gambling taxing of a thing, like win $100 for example and your take home after tax is going to be $76, that's too much even if the tax is needed and very much important for the development of the country.

There are countries that are tax free from gambling but I don't know how the companies makes settlement with this casinos but I want you to know that gambling is a very lucrative business for some people, there are people that has made fortune and has made millions of dollars from gambling turned into other business, now imagine people making money from there and they are also benefiting from other people resources but they are not paying to quota, it doesn't make sense. They have to pay too but I think this number of percentage is high. The tax should be base on money earn from casinos and not generalized earning on percentage.

I do online gambling where I don't have to pay any tax. Also, like you, if I had known that I would have to pay for gambling, I would not have gambled. If I win in gambling, I can pay tax if the government gives me tax money back on my loss or if it gives any subsidy. Since that is not possible, it would not be logical to take taxes from the gambler personally. If taxes are taken then it is best to get taxes from those gambling companies. On a personal level I would never look positively on taking taxes.

As I have done quick search on countries that offer zero taxes on lottery winnings, people from these countries can enjoy their winnings without worrying about their government :
> Canada
> UK
> Australia
> Germany
> Sweden
> New Zealand
Source : 6 Countries That Offer Zero Taxes on Lottery Winnings


I believe you can evade the tax system if you are using crypto casinos or bookies, unless, your country is very strict on declaring gambling winnings. Also, licensed casinos have in their ToS about your responsibility depending on your jurisdiction. But in cases like lottery system, just like from where I residing right now, they automatically deduct 20% from your lottery winnings if it exceeds about $170. So that's quite a large cut from your winnings. But you have no choice but to comply because they will deduct it already.

In my country, whether you gamble in a license gambling platforms or unlicensed gambling platforms, they don't tax you from your gambling money and it's a very lucrative business here, millions of dollars are been generated here monthly and despite the love of tax by my country government, they don't charge but they definitely charge the license casino and other gambling platforms to pay their taxes to the government because we can see them fighting many companies who doesn't comply with them.

I don't really know the logical reason behind why they don't tax gambling but the number of unemployment here is very rampant and youth see gambling as a form of ways to make extra cash in the bag, it will be unjust for government to still want to tax them from winning gambling because who will really compensate them for the losses? Absolutely nobody but still want to tax the days they win, that system of taxing doesn't work well with me but I don't know where there are many job opportunities.

Our tax system is not that effective as we have the policy yet they cannot fully implement it.
So even if it's subject for tax, gamblers can easily get away from it and continue their gambling. Though it can only be tax once you declared it, and on this case many gamblers will not declare this and the government will also not do anything to chase those gamblers especially those who win big.

I agree with OP. I'm tired of discussing this, taxes on gambling is the most absurd thing you can think of, the chances are 50/50 to win or lose in a game, when you lose your bet, the government doesn't reimburse you.

The government acts like a mafia partner that forces us to include it in our profit shares, we already pay enough taxes to support the state apparatus and we don't get the expected return.

Here we have wonderful posts and answers that I learned a lot: https://bitcointalksearch.org/topic/brazil-sanctioned-law-that-taxes-online-betting-in-the-country-5489841

https://www.coindesk.com/policy/2023/11/30/brazil-to-impose-15-tax-on-crypto-earnings-held-on-offshore-exchanges-report/

Taxes should definitely be taken out of the casino end and they should get taxed quite punitively really. I agree that it is very unfair to tax the winnings of gambling, as people have already paid their income tax on this money and it's basically a form of double taxation. However most of Europe are progressive and treat it similar to Australia, gambling is designed to be fun - the last thing anyone wants to do is be tallying up the amount that will be deducted from their winnings to the taxman who contributed nothing. Then again, it's a bit like the bizarre tipping culture in America as well, where if they just paid people a proper wage to start then tips would be given for exceptional work only and nobody would feel obliged to partake in the fakeness surrounding it.

Yes. I've just seen 15% of our earnings from online bets are eaten by the government through taxes. And we have to declare all our winnings to the government yearly.

However, it gets worse when the matter is the federal lottery, as only 30% of the total sum of the lottery's money is paid to the winners. Almost 70% of the amount consists in taxes the government takes for themselves.

That is, if the amount is 100$ million, the winner is only going to receive 30,4$ million in the end. On the other hand, I must say that when the lottery announces the prize, they already announce the real prize, ignoring the portion which goes to the government's pockets.

Ganhei na Mega: quanto tenho que pagar de imposto?

So what happens if you win from casinos that not in australia but from overseas? Because what i am reading from your Interactive Gambling Act 2001 (the IGA). It's forbitten to use internet casinos all together and for at least most casinos to serve australian citizens.

Or are you just taking a risk and using VPN and hope that no one will close your account?

In EU, citizens can also get tax free wins from ETA area and many countries can play online with other casinos on top of that, but from them they are required to pay taxes after serious wins.