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Online Casinos in general: 5.3% taxes are destroying online casinos and therefore need to be abolished urgently

Topic created on 05th Mar. 2022 | Page: 1 of 6 | Answers: 52 | Views: 8,292
Skitch22
Elite

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 05:47 pm CET#1
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Liked this post: Avatar von CashOut CashOut, Avatar von Falko Falko, Avatar von Max_Bet Max_Bet
The 5.3% tax per turn make the Online Casinos kaputt why? An example I pay 10€ in play with the 10€ very long have every now and then small wins, etc. but do not let me pay out, yet the casino can make even minus at the end because it pays per turn again and again this 5.3% tax, which is then a minus business although the customer has not even made a payout, so there is already a presumption by me that the casinos may have long since undertaken a countermeasure to still make a tidy win, and that would be, for example, significantly lower RTP we players but do not see, although stands at a game maybe 90% RTP but in truth it is much smaller, because one thing stands out since 1 July 2021 you hardly win what and the money is eaten away quickly that was previously quite different before this 5.3% tax. I therefore now really only sports betting because it simply no longer brings anything as long as the 5.3% tax is still active. I can only hope that the casinos will sue. 5.3% tax on the Deposit would still be okay but not per turn which idiot came up with something so stupid?

This post has been translated automatically

Hidaruma
Top Member

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 06:12 pm CET#2
2 Likes

Liked this post: Anonym, Avatar von Christian1337 Christian1337
Text not read because wall. Just play in crypto casinos.

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Krabbenburger
Experienced

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 06:15 pm CET#3
1 Like

Liked this post: Avatar von Niroht Niroht
Skitch22 wrote on 05.03.2022 at 17:47: The 5.3% tax per turn make the Online Casinos kaputt why? An example I pay 10€ in play with the 10€ very long have every now and then small wins etc. but do not let me pay out, yet the casino can make even minus at the end because it pays per turn again and again this 5.3% tax, which is then a minus business although the customer has not even made a payout, so there is already a presumption by me that the casinos may have long since undertaken a countermeasure to still make a tidy win, and that would be, for example, significantly lower RTP we players but do not see, although stands at a game maybe 90% RTP but in truth it is much smaller, because one thing stands out since 1 July 2021 you hardly win what and the money is eaten away quickly that was previously quite different before this 5.3% tax. I therefore now really only sports betting because it simply no longer brings anything as long as the 5.3% tax is still active. I can only hope that the casinos will sue. 5.3% tax on the Deposit would still be okay but not per turn which idiot came up with something so stupid?

The casino makes no loss if it passes the tax on the player.
There are 2 ways how it can do that.
Either 5.3% is deducted directly from the bet or the casino reduces the RTP.
An example: Tipico does not charge a direct fee but has very low RTPs, say 90%.
At N1 there is the direct fee deduction of 5.3% but the slots have a higher RTP on a game basis. Let's say the slot that runs at Tipico with 90% RTP, runs at N1 with 95.3% but they deduct 5.3% on each spin (so 95.3 -5.3 = 90%). The result is that you play in both casinos with 90% RTP.
It does not matter if it is collected by fees or if the RTP of the slot is lowered. The result is a very low RTP where players lose more than double compared to before.

Since it bothers you ( rightly ) I wonder why you play in casinos with low RTP or fee ?
There are countless casinos where you can gamble without this crap .

This post has been translated automatically

Skitch22
Elite

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 06:43 pm CET#4
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Krabbenburger wrote on 05.03.2022 at 18:15
The casino makes no loss when it passes the tax on to the player .
There are 2 ways it can do that .
Either directly deduct 5.3% from the bet or the casino reduces the RTP .
An example: Tipico does not charge a direct fee but has very low RTPs, say 90%.
At N1 there is the direct fee deduction of 5.3% but the slots have a higher RTP on a game basis. Let's say the slot that runs at Tipico with 90% RTP, runs at N1 with 95.3% but they deduct 5.3% on each spin (so 95.3 -5.3 = 90%). The result is that you play in both casinos with 90% RTP.
It does not matter if it is collected by fees or if the RTP of the slot is lowered. The result is a very low RTP where players lose more than double compared to before.

Since it bothers you ( rightly ) I wonder why you play in casinos with low RTP or fee ?
There are countless casinos where you can gamble without this crap .


You still do not quite understand it the longer you zockt for example with 10 € Deposit the less likely it is that the casinos make a win in the end rather loss. In the end, the casino must calculate each turn with 5.3% and pay to the tax office, if I now very long with my deposited 10 € Zocke with which I also win what can even be in the end that the casino makes minus 15 €. Therefore, it is for a casino of course best that one gambles away his deposit as soon as possible.

This post has been translated automatically

Niroht
Experienced

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 06:52 pm CET#5
1 Like

Liked this post: Avatar von TWiSTeD TWiSTeD
I think you have a thinking error in this regard.
The 5.3% tax is not paid by the casino but by the player
As with the fairy tale tax, the companies collect it and pay it to the tax office.
For the casino's it is simply a pass-through item.
And if you play through 3 days with the 10€, the 5.3% tax you pay ud and the casinos still earn enough.
The casino's earn per spin and not only on your Deposit alone
Of course, the casino's are interested together with a corresponding playing time and many spins also collect the deposit of the player
If it would not be worthwhile, there would be no more casino

This post has been translated automatically

Stromberg
Legend

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 07:00 pm CET#6
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Thorin2017 wrote on 05.03.2022 at 18:52: I think you have a thinking error in this regard.
The 5.3% tax is not paid by the casino but by the player
As with the fairy tale tax, the companies collect it and pay it to the tax office.
For the casino's it's just a pass-through item.
And if you play through 3 days with the 10€, the 5.3% tax you pay ud and the casinos still earn enough.
The casino's earn per spin and not only on your Deposit alone
Of course, the casino's are interested together with a corresponding playing time and many spins also collect the deposit of the player
If it would not be worthwhile, there would be no more casino.

Well, if I deposit 10 euros once and then never again, the casino can also earn a maximum of 10 euros from me.... After that, it may reduce my win again, if I had one.
Or who do you think pays the casino money that exceeds my deposit?

This post has been translated automatically

Krabbenburger
Experienced

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 07:19 pm CET#7
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Skitch22 wrote on 05.03.2022 at 18:43
You still do not quite understand it the longer you zockt for example with 10€ Deposit the less likely it is that the casinos make a win at the end rather loss. In the end, the casino must calculate each turn with 5.3% and pay to the tax office, if I now very long with my deposited 10 € Zocke with which I also win what can even be in the end that the casino makes minus 15 €. Therefore, it is for a casino of course best that one gambles away his deposit as soon as possible.

But I have already understood what you mean but you have made a huge mistake in thinking.
The casino does not care about the 10 € of the individual.
It is about the total turnover of players and will settle according to the general probability distribution on hundreds or thousands of players .
Out of 1000 players playing at 90% RTP some will lose faster while others can generate more revenue . Normal Variance .
One player may generate a turnover of 300€ with his deposit of 10€ until he has played it down and thus a tax amount of 15,90€ . The other player has much bad luck and has lost his deposited 10€ already after 20€ turnover and thus generated a tax amount of 1,06€ .
On hundreds or thousands of players this equalizes . And of course the amount can deviate due to the variance somewhat from the average value but you can be sure that this value will not be a losing proposition for the casino.

This post has been translated automatically

Skitch22
Elite

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 07:20 pm CET#8
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Thorin2017 wrote on 05.03.2022 at 18:52: I think you have a thinking error in this regard.
The 5.3% tax is not paid by the casino but by the player
As with the fairy tax, the companies collect it and pay it to the tax office.
For the casino's it is simply a pass-through item.
And if you play through 3 days with the 10€, the 5.3% tax you pay ud and the casinos still earn enough.
The casino's earn per spin and not only on your Deposit alone
Of course, the casino's are interested together with a corresponding playing time and many spins also collect the deposit of the player
If it would not be worthwhile, there would be no more casino.

Maybe I really have a thinking error blick there no longer through, the tax is still the biggest Sch***

This post has been translated automatically

TWiSTeD
Top Member

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 07:30 pm CET#9
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why should someone run a casino, if he deliberately permanently earns minus? unfortunately does not really make sense

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Falko
Icon

5.3% taxes are destroying online casinos and therefore need to be abolished...

5th Mar. 2022, at 07:52 pm CET#10
0 Likes

Nobody has liked this post so far
Skitch22 wrote on 05.03.2022 at 19:20:Maybe I really have a thinking error blick da no longer through, the tax is nevertheless the biggest Sch***

Let's make the task easier, maybe someone here can answer the result. You pay 10 euros into the casino and make 500 spins for 10 cents each. So you spin a total of 500x10 cents = 50 euros. What is the amount of tax that is due here?

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