Many countries worldwide implement various taxation policies on gambling activities to generate revenue and regulate the industry. Understanding the diverse approaches taken by different jurisdictions can provide valuable insights into the impact of taxation on the gambling sector. From licensing fees to percentage taxes on revenues, this overview explores into how countries around the globe structure their tax systems to govern gambling operations. The Principles of Gambling Taxation Defining Gambling Revenue Gambling revenue refers to the total amount wagered by players minus the winnings paid out. It includes bets placed on various......

Continue Reading