If nothing else, the debate over whether or not to regulating online gambling, has a new, somewhat hurried, question. That question has changed from “do we really want this?” to “how can we best do this and get the greatest windfall?”.
To get there from here is going to be testy. On Wednesday, the House Ways and Means Committee heard evidence, pro and con, on how to raise money from online gambling. True to Washington’s best virtues, virtual fights erupted all over the arena over just how best to tax a business model that is screaming “tax me, please, just let me offer my services”.
With the enforcement of UIGEA regulations ready to start on June 1, Washington has little time to play games with this issue. The pro regulate and tax online gaming side is gaining support everyday. With estimates on the tax revenue Washington can generate ranging from $42 billion to $72 billion dollars over ten years, one would think that they would set aside their differences and get this done.
While most admit that online gambling is here to stay, many still fight against. The land based casinos in Nevada and the off shore online operators need to get together and settle their differences too.
There are many different methods of taxing the online gambling.
Big payouts are always something that players are looking for, especially in the online slots sector. A lucky player at the online casino Svenbet recently took down a pretty sizable win streak on the Great Book of Magic Deluxe slot, a title produced by Wazdan, and that's gotten the attention of a lot of players for obvious reasons.
Details on the Win
The actual payout for this prize in total was €90,775.02. Unlike many wins in the slot industry, this one didn't come from a single jackpot.
If you like magic and you like slots, then Microgaming has something you're going to love with one of their first new slot releases for 2019. This is The Great Albini, and it's bringing the graphical appeal and the gameplay quality that combine to give you the level of play that you'd expect from a game developed by Foxium only for the Quickfire platform.
Features and Other Goodies
Lawmakers in most countries are really good at two things: raising taxes and talking a lot. Heavy doses of both are underway right now as Dutch lawmakers debate the specifics of tax rates for the upcoming licensed online gambling that will be underway for the Remote Gaming Act. The major point of contention is that the original rate of 20 percent that was suggested is lower than the 29 percent rate that's paid by land-based establishments.