• The Great Debate: How To Tax Online Casinos?

    24 May 2010

    Newspaper

    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.

    Read the full article here.

    Related News

    • Microgaming wraps up 2021 with a range of gaming greats this december %281%29

      New Online Slots

      Microgaming Reveals Festive iGaming Treats in December and Wraps it up for 2021GamesAndCasino10 December 2021

      Microgaming is shaking things up this month with a new batch of exclusive content from its partner studios, available throughout all of December. After dropping a multitude of awesome autumn content last November and shocking news about selling Quickfire and progressive jackpots to Games Global, the privately held gambling software company has put together a charming list of festive slots and special holiday treats, designed specifically for the winter season.

      Read full article
    • Wazdans great book of magic deluxe slot pays out 90k win

      Slot Winners

      Wazdan's Great Book of Magic Deluxe Slot Pays Out €90k WinJesse Eddleman08 February 2019

      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.

      Read full article
    • The great albini slot debuts from microgaming through foxium

      New Online Slots

      The Great Albini Slot Debuts From Microgaming Through FoxiumJesse Eddleman14 January 2019

      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

      Read full article