I have to pay no taxes on the money i won.
HOWEVER.
If i dont work for 9 months now and continue to withdraw money, gambling becomes my job and i must pay 22% in income tax of anything over $8,450 per annum on what i win.
The UK will never ban internet gambling, its the opposite. 888.com sponsors a Premier League football club. Bet365 sponsors anothers ground. All advertising boards at grounds have poker/casino logos somewhere. TV shows are sponosred by Stars/Interpoker/Bet365/StanJames. Gambling is advertised in the highstreet and in newspapers/magazines.
The government is making money on this already, then they tax the companies who get the rake for operating from the UK. they dont need to tax the players because they are already taxing us throught the house rake.
The summit were having will not stop this happening. The USA will think about what they are doing.
Theoretical debate question - who gave 50 people the right to vote on if we can gamble online.
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