By nature, businesses are taxable, so it makes sense that casinos should be taxed. But in some countries, they also tax individual gambling winnings. That got me thinking, what’s the real purpose behind that? Most of us gamblers are overall losers anyway, so what impact does taxing the winnings really have?
Would it actually boost government revenue, or could it backfire and discourage people from gambling altogether, knowing it’s already hard to win and when they finally do, they still have to pay taxes?
In gambling, taxes are usually imposed on those who win, because the government of the country will never bother to recover your lost money. But as soon as you start earning, the country's system will become strict on you and take money from you, in this case the gambling situation is easy and the gamblers are supposed to move away but in no way can the gamblers be moved away from this situation.
Those who gamble regularly never see these things negatively, which is why they have faced this situation from the beginning, it is normal for them.