Every country collects GGR payments a little differently, but generally it\u2019s a percentage of the net profit (player wagers minus wins) that a casino brings in.<\/p>\n\n\n\n
Figuring out a good GGR or similar system is\ntricky for governments, who obviously want to benefit handsomely on their\ncasino sin tax but not so much that they discourage new business. This delicate\nbalance sees governments in different parts of the world tinker with their\nrates, sometimes every few years.<\/p>\n\n\n\n
Here we\u2019ll look at the top 10 countries with both the highest and lowest tax rates on gambling, as well as explore the impact that the coronavirus<\/a> pandemic could have on casino taxes.<\/p>\n\n\n\n Whilst for many gambling is considered\nmorally wrong, there\u2019s no doubting that it can bring a lot of money into a country\nthrough taxes. Here\u2019s a look at the most heavily taxed countries with regulated\ngaming markets:<\/p>\n\n\n At the top of the chart for 2020 is France<\/strong>, who have just changed their taxing system from overall gaming turnover to GGR. Arguably this leaves casinos in a better position than the old system as they won\u2019t pay tax on money that\u2019s paid back to players as winnings.<\/p>\n\n\n\n There are\ndifferent rates across the industry, so land-based casinos will pay 83.5 percent\nGGR whilst horse racing is set at 37.7 percent. With more of the industry\nturning online, sportsbooks are liable for 52.2 percent and poker operators for\n40.8 percent. <\/p>\n\n\n\n Denmark\u2019s <\/strong>75 percent GGR looks\neye watering at first glance but look at the small print and you\u2019ll see it says\nonly if the GGR exceeds DKK 4 million ($612,000). Failing to hit that,\nland-based casinos pay instead 45 percent.<\/p>\n\n\n\n Australia\u2019s <\/strong>rate varies in each state where in some places the tax is as high\nas 65 percent on the lottery. It\ndrops significantly for gaming machines at 25 percent and continues to soften to less than 20 percent on racing and table games.<\/p>\n\n\n\n Similarly, in The US<\/strong> the\nvariations are massive across the different states, however here it falls on\nthe player to pay, not the casino. In land-based casinos that\u2019s easier to\nregulate but if you play online it\u2019s more of a grey area.<\/p>\n\n\n\n The highest rates are on Rhode Island\nat 51 percent, whereas in DC and\nColorado it falls to 10 percent.\nIn New Jersey and Illinois it\u2019s in the mid to low teens and in Pennsylvania\nit\u2019s expected to be 34 percent.<\/p>\n\n\n\n The UK<\/strong> has a tiered tax system where casinos pay a fixed percentage\nbased on their revenue. Starting at 15 percent\non anything up to \u00a32,370,500, this increases accordingly to 20 percent, 30 percent, 40 percent\nand 50 percent.<\/p>\n\n\n\n Whilst they didn\u2019t make it onto the\nchart, European countries like Portugal<\/strong> and the Netherlands<\/strong> ask\nfor quite a bit in GGR. <\/p>\n\n\n\n In Portugal<\/strong> casinos pay 15-30 percent GGR on revenue and this\napplies to poker too. In the Netherlands there\u2019s 29 percent GGR with a 2 percent\nfee thrown on top.<\/p>\n\n\n\n And whilst there are some countries\nwhose tax rates might make you cry, there are other that are so low you\u2019ll be\nin disbelief. The casinos and sportsbooks in these countries barely pay any\ntax:<\/p>\n\n\n Russia<\/strong> must be one of the coldest places to live but if you own a casino\nit\u2019s the hottest place to be. Currently, casino owners don\u2019t have to pay any\ntaxes on gaming revenue. At 0 percent,\nunsurprisingly, that\u2019s the lowest in the world. <\/p>\n\n\n\n There is a flat fee for gaming tables\nor electronic gambling machines, and the same goes for bookmakers on each of\ntheir retail facilities.<\/p>\n\n\n\n Singapore<\/strong> sits high up on the list at a mere 5 percent with this stretching up to\n15 percent on land-based casinos.<\/p>\n\n\n\n Although featured on the list of countries with the lowest<\/em> taxes there has been some fallout. Following a disputed tax increase last year which saw it double to 20 percent on sports betting, Kenya\u2019s<\/strong> SportPesa app pulled the plug<\/a> on its HQ and operations in the country. <\/p>\n\n\n\n However, as of June 25, Kenya’s <\/strong>National Assembly has now agreed to remove this controversial 20 percent turnover tax.<\/p>\n\n\n\n Argentina <\/strong>had provided a\nhaven for online gamblers up until very recently with its tax-free winnings\nlegislation. That\u2019s all set to change with a 15 percent gross income and 2\npercent fee being considered.<\/p>\n\n\n\n Italy\u2019s <\/strong>turned itself around in the last few years and targets the online operators\nwith a healthy 25 percent.<\/p>\n\n\n\n Following the UK\u2019s example Sweden <\/strong>decided in 2017 to make the\nmarket more player friendly and apply tax at 18 percent on GGR, putting the onus on casino owners. This applies\nto sports betting and online gaming too.<\/p>\n\n\n\n With the huge amounts of money generated by casinos it\u2019s no surprise that each country\u2019s economy gets a real boost from them. The tax rates applied to casinos vary greatly from country to country and are appreciated by each governing party.<\/p>\n\n\n\n With the on-going pandemic casinos have taken quite\nthe hit, as has the global economy. Countries are looking for ways to maximise\nrevenue return. <\/p>\n\n\n\n So what does that mean for casinos and their tax\nrates? Will there be an increase or decrease in taxes?<\/p>\n\n\n\n With GGR hitting a record breaking $43.6 billion in the States last year (2019), state and local governments raked in a total of $10.2 billion<\/a> through tax on commercial casinos. This hefty sum surely gave the US economy a good boost. Macau took a massive swipe to gaming revenue with a drop of 97 percent<\/a> in April. Although casinos in the region remained open for part of the month, there were severe travel restrictions which greatly reduced the number of visitors.<\/p>\n\n\n\n Although Macau has suffered severe losses the government is not planning to make any concessions or tax cuts<\/a>. With the huge contributions from casinos taxes, Macau needs to hang onto its main source of revenue.<\/p>\n\n\n\n Singapore, on the other hand, knows which side its bread is buttered. With 10 percent tax breaks<\/a> for their two gaming sites and 30 percent for hotels, it\u2019s been widely lauded by analysts. Just a shame the entry fees are still sky-high.<\/p>\n\n\n\n Plans are still very much going forward to get the proposed casino resorts built up. Japan\u2019s determined to get its modern gaming industry launched and use the casinos as a way to restart its economy<\/a>. <\/p>\n\n\n\n Like with anything in gambling, appearances can be deceiving and it can take some digging to figure out the real numbers.<\/p>\n\n\n\n Now you know all about the taxes casinos have to pay around the world, make sure you’re clued up on the taxes gamblers must pay<\/a> on their winnings.<\/em><\/p>\n\n\n\n Sources In many countries, gamblers have to pay a small tax on their winnings. While giving some of your hard-earned profits …<\/p>\n","protected":false},"author":45,"featured_media":23171,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[22],"tags":[],"acf":[],"yoast_head":"\nTop 10 Countries\nWith The Highest Gambling Taxes <\/strong><\/h2>\n\n\n\n
![\"Table](\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/highest_gambling_tax_rates.png\")
<\/figure><\/div>\n\n\nTop 10 Countries\nWith The Lowest Gambling Taxes <\/strong><\/h2>\n\n\n\n
![\"Table](\"https:\/\/www.casino.org\/blog\/wp-content\/uploads\/lowest_gambling_tax_rates.png\")
<\/figure><\/div>\n\n\nHow Will The Coronavirus Impact The Tax Rates?<\/strong><\/h2>\n\n\n\n
The USA<\/strong><\/h3>\n\n\n\n
The recent casino closures will impact each state differently. For Maryland<\/strong>, the closure of its six commercial casinos over the last three months has dealt a hard blow to their education fund. With a loss of $372.5 million in GGR for 2020, the education fund has lost out on almost $149 million<\/a>.
In a bid to boost the tourism trade and get the city\u2019s economy bouncing back, two bills have been passed in Atlantic City<\/strong> to support casinos. The new plans will reduce gaming taxes and fees<\/a> through to the end of 2020. It means that casinos won\u2019t have to pay hotel occupancy tax or fees for parking lots.<\/p>\n\n\n\nMacau<\/strong><\/h3>\n\n\n\n
Singapore<\/strong><\/h3>\n\n\n\n
Japan<\/strong> <\/h3>\n\n\n\n
https:\/\/www.pc.gov.au\/inquiries\/completed\/ageing\/technicalpapers\/technicalpaper10.pdf<\/a>
<\/a>https:\/\/www.finsmes.com\/2019\/10\/the-gambling-industrys-effect-on-the-uk-economy.html<\/a>
https:\/\/www.yogonet.com\/international\/noticias\/2018\/12\/05\/48455-buenos-aires-province-regulates-online-gambling-and-sets-new-tax-on-slots
<\/a>https:\/\/iclg.com\/practice-areas\/gambling-laws-and-regulations\/austria
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<\/a>https:\/\/www.forbes.com\/sites\/muhammadcohen\/2019\/04\/09\/singapore-makes-casinos-an-offer-they-cant-refuse\/<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"