Post
Topic
Board Gambling discussion
Re: Why paying tax on gambling winnings when government doesn't regulate Gambling?
by
tread93
on 31/10/2024, 20:59:17 UTC
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.


Because we have loads of cases where gambler's win some huge amount of money and the casino refusing to pay and when reported to the authority you here such things like the casino is not licenced by them or they don't have control over the casino case, the government is only interested in the tax and not protecting the interest of it citizens.

In the US gambling is highly regulated especially the lottery. In the lottery it’s something like 40-50% or more which is nuts but it’s true. The good thing is if you win you’re still getting a crap ton of money regardless lol. Gambling tax together as a phrase doesn’t sound good at all haha