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Real Money Gaming Companies Are Picking Up Tax Bill Of Players To Keep Them Hooked

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By Author: lotusbook247.info
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There has been a considerable burden of goods and services taxes on the real money gaming companies in the country after October 2024. This has adversely impacted the gaming base of several leading real money gaming companies. Now these companies are offering incentives to gamers with lotusbook247 betting login or any other login to keep playing games. The idea is to ensure that a gamer gets some money back to pay the higher taxes on full face value of betting.

The tax on full face value of betting means that a gamer has to pay the tax on the money that she deposits. This tax cuts a substantial amount from her money. This in turn reduces the amount for betting. Now real money gaming companies are creating ways to help gamers. They also want to ensure that their base of gamers and influencers continues to play games on their platforms.

The companies who are financially well funded have been able to offer joining bonus and referral bonus on lotus247book Id to gamers. Some also provide bonuses on deposits that a gamer deposits in virtual accounts on gaming platforms.Though ...
... there is still a major advantage for real money gaming companies.
Many of these companies have not seen any reduction in gamer base after imposition of higher taxation .In fact the loyal gamer base is intact. And many gamers and influencers are playing online with them.

If there is some reduction in revenues it is because gamers are not depositing large sums of money. Real money gaming companies themselves are encouraging gamers not to put entire money they want to play with at one go with the platform. This increase the tax burden on gamers as tax is levied on entire face value of the money deposited.

How long these companies are going to take the incentive route to maintain consumer base remains to be seen. The reason is not far to seek. The incentive in any form is hitting the bottom line of the companies .While fundamentally strong online gaming companies like lotusbook247 betting Login have been successfully able to navigate, several smaller ones are under stress. These smaller and start-ups gaming companies will merge with bigger or established gaming players.

One silver line in the grey sky is the growth of the real money gaming base. There are gamers who are only playing real money games. It has also come to notice that several gamers who are into non- real money games are actually betting on results. They eventually come to real money games when confidence rises in them.

The popularity of real money games also stems from the fact that even after paying higher taxes gamers with skills are able to create huge wins. This increases their income after the end of gaming sessions after paying goods and services taxes and income tax on winning amount. And a successful bit on lotus 247 book Id into another repetitive bet does not attract tax. These two factors have been leveraged by professional gamers to keep their interest in gaming alive.

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.

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