The Legal Environment in the Modern Casino World

Casino gaming is one of the leisure activities which has operated in a rough legal environment for the entire time of its existence. From being subjected to sin tax, to being largely restricted, and in some instances, being totally outlawed, the flashy man’s game has seen it all.

Still, the gaming model has continued to thrive in all these conditions. What’s even better, is that casino gaming seems to be gaining ground as the world advances. The rise of the internet has been the single most welcome blessing in the gaming world. Not only has the internet allowed more people to access casino games, but it has also enabled the establishments to operate legally in some regions which were hitherto no-go ones.

Unrestricted Jurisdictions

Internet gaming caught legal regulators napping. In many areas, online casino gaming is legitimate, just because it is not illegal. It is not done because the authorities smile at it, but because they have not been able to control it.

Where countries do not allow gambling, gamers have been able to access games online without breaking the law, because they are offered by overseas companies. Controlling such activities becomes tricky because they are intertwined with other rights, such as the right to information and bi-lateral trade ties.

Rather than have citizens engage legally in illegal activity, many countries are now moving to legalise online gambling. Others are authorising gambling in its entirety, as they try to earn revenue from it. Brazil, for example, has, going into 2019, lifted a ban on gambling which had existed for close to half a century.

Taxation on Gambling

This is another area of casino gaming which remains grey to date. Taxing winnings has always been a problem because gambling is considered a leisure pursuit rather than an income generating activity. However, governments try to seek situations where gaming may be generating real revenue. In instances where players win vast amounts of money, thus, they are subjected to income tax.

Another issue which has caused headaches to regulators is the winnings that players receive from overseas companies. Different countries have different policies regarding cash received from abroad, and thus, depending on the amount received, one may be subjected to deductions.