What benefits are received in terms of taxes when gambling?
I guess it depends on the country, but assuming you don't pay taxes on earning, then it's just fair enough as the expected return is negative. Might as well get something out of that risky venture.
If you lose money in an investment you can claim a capital loss and balance it out with a win, also a benefit for taxes.
Gambling is a registered business, they are liable to pay taxes to the government and not solely the individuals.
Now a popular notion which is well agreed with is that, majority of gamblers do loss eventually. That’s almost evident in everyday life of a gambler and as such, demanding taxes on their wins just seems out of place. I wouldn’t know how it’s done in most nations but out here where am from, you don’t.
However, should you win from gambling, you do pay VAT in the products you patronize and that’s a plus to the economy.
One very much ignored benefit that is derived from gambling is the fact that, it gives hope to the common man. I guess you see an unsettled bet and you’re filled with expectations and beliefs that, you could win that money some day. It’s this belief that makes you even gamble the next day after a loss. That’s a plus as, it stirs some individuals in the society away from societal ills.