Quote from: Davidvictorson on Today at 04:06:01 PM

Quote from: Ojima-ojo on October 23, 2024, 09:15:24 PM

Recently many countries around the world are now introducing gambling taxation on it citizens and even charging betting houses and casino's some amount of money to operate within it jurisdiction, and recently my country just introduced a 5% Revenue sharing and taking from both betting houses and gambler's winning and this news make me to ask why the government takes such money from gambler's but won't protect the gambler when their is troubles with the betting house.

I have no problem with taxation on gambling businesses. They owe it to the government and the government in turn owes it to her citizens to ensure that the taxes are use for civil good. This is the premise on which I believe that there should be taxation on gambling businesses. Also just like the case in brasil, taxing gambling businesses also have other positive benefits too such as those illegal gambling businesses will move out of the country. Those illegal gambling businesses are the places that encourages underaged gambling. If we look at it another way, we'd see that the governemnt is using taxation as regulation and the indirect effect is that illegal gamling will reduce and in turn a decrease in gambling addiction.

Like you said, it can be good, it can be bad. It can be good in the sense that if they put taxation, they should also make a regulation that casinos have to be registered. I mean, they have to be a registered business that has a monthly income stream to pay tax, which means illegal casinos won't be taking advantage of small children, they won't be ripping people off, rigging the game, they will be forced to move. And at least people will be aware that, such casino does not pay tax, they are hiding from government, means they are illegal so people go to the one that is legal.

Which means, if a casino that is registered and pays tax, withholds a gambler's huge win, probably because they didn't see it coming that someone was going to win huge, it can involve a court case, and it can actually be treated as a proper court case. Most times, this kind of case with gamblers and casinos are not being treated properly because the government says it is not a business they recognize or is not registered under them.

So now, if the taxation will lead to a casino registering themselves, it means such cases will reduce because you know it can be taken to court, you can be sued, that can be a good thing.

Then also bad, because this is a game people play for fun. If casinos have to increase their price and you know, restructure their system, the way that you barely win because they are paying tax, like the amount of win even on low stakes, become so low, it means people might withdraw from gambling to a point.

It might help people to reduce their addiction, but it might affect the gambling industry too. It might just affect the fun of sports betting and all of that. But I hope the method being put is not just for the benefit of the government but citizens are taken into consideration too.