In my country (Australia) ALL gambling winnings and profits are 100% tax free.
You don't have to declare it because it is considered a hobby.
In the USA and other countries gambling winnings are treated the same as income and gambling companies are required by law to withhold federal income taxes.
If I had to pay taxes I would quit gambling. The risk wouldn't be worth it.
Does your country tax gambling winnings and if so do you declare it yourself or does the gambling operator withhold the taxes on your behalf?
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.