123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Gamble >> View Article

Look At The Positive Sides Of Higher Taxation On Online Gaming Companies

Profile Picture
By Author: lotusbook247.info
Total Articles: 51
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

The higher taxation on the online gaming industry came when the gaming industry was expecting only a mild increase in taxes. And the gaming industry had confidence that taxes on gross revenue will be manageable. But the taxes on face value of every bet on lotusbook247 login will create difficulties for gamers, as they have to face reduction in value of their investment in gaming betting.

But there are two positives that emerge from this announcement regarding higher tax slab on gaming companies. The first is that the taxes will be only face value and there will be no repetitive taxes on every bet that a gamer does. Often gamers put the winning amount back into betting. It was feared that in case of repetitive taxes the winning amount will get reduced and gamers will be left with a smaller amount at the end of the betting.

So, there are no taxes on repetitive betting by a gamer on the winning amount. Second, the taxation on horse races, car races and real money gaming give legality to these sports. Now, a gamer can safely invest real money in real money games to win huge ...
... prize money. And online gaming companies will announce a major increase in prizes to gamers of lotus book 247 registration for professional gamers and gamers with skill in real money online games.

The whole process has become transparent and legal. The fear of doubt regarding the legality of online horse races, car races and real money games involving betting has been completely removed by goods and services taxes. When a gamer with lotus book 247 login is betting she is paying taxes and is within the legal framework of the country regarding betting online.

This has created an opportunity for gamers and professionals of casino games. The professionals with relevant skills and experience only need to pay the taxes and play any game. Even after paying high taxes on face value and subsequently on winning amount she will be left with a decent winning amount.

The gaming industry is not going to be wiped out. The companies with strong financials and large consumer base will continue to operate. The high taxes on casino, horse races and gambling have not totally destroyed these industries. The casino industry is flourishing, and so is the racing and fantasy sports industry.

Since foreign online gaming companies are also under the same taxation bracket, there will be no undue advantage to them. In fact, gamers in India prefer to play games with Indian themes and backgrounds. Gamers within the country with lotus book registration will get access to world class games.

So, only the confidence and skill of a gamer will determine how much she can win. All gamers have to do is to build skills, gain necessary experience with lotus book 247 registration and try your luck with real money games. If successful, the end result will be worth the efforts and risk even after paying all legal taxes.

More About the Author

Lotusbook247.info is a genuine and legal betting platform conforming to all regulations of the land. The site offers betting on cricket, football, tennis players and teams plus live casino action. The players just need to login with WhatsApp number and get an id from the lotusbook247.info. This id enables the player to bet with real money on favourite sports and games.

Total Views: 107Word Count: 495See All articles From Author

Add Comment

Gamble Articles

1. Tips On Benefiting In On The Net Casinos
Author: Jessica Bosworth

2. Registration And Sign In Are Parts Of A Betting Process On A Real Money Gaming
Author: lotusbook247.info

3. Take Full Advantage Of Knockout Stage Of Indian Premier League For Instant Income
Author: tigerexch-id

4. Get Your Online Cricket Id, Betting Id, And Casino Id At Varun Online Hub
Author: Varun Goyal

5. Formed Partnership In Betting To Minimize Losses And Ensure Profit At The End Of Betting
Author: lotusbook247.info

6. Gaming Industry Will Get A Tremendous Boost From Complex Games Made In The Country
Author: tigerexch-id

7. Devise A Strategy To Gain In Betting Online Real Money Games
Author: tigerexch-id

8. The Ultimate Guide To Choosing The Right Poker Software For Sale
Author: Parker

9. How To Establish A Thriving Venture With Big Fish Games In The American Market
Author: Gaminator System

10. Beginner's Guide To Horse Racing Betting: Tips And Strategies
Author: dobi kukreja

11. Real Money Games Attract Serious Gamers Who Are Confident Of Their Skills
Author: lotusbook247.info

12. Gaming Latency Has Improved In Recent Time With 5 G Rolled Out In The Country
Author: lotusbook247.info

13. The Illusion Of Control In Ipl Betting
Author: dobi kukreja

14. Customization Will Increase In Gaming With Ai Taking Part In Development Of Games
Author: lotusbook247.info

15. Advanced Ipl Betting: Beyond The Basics
Author: dobi kukreja

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: