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Online Casinos in general: Consequences after July 1, 2021 (Page 33)

Topic created on 18th May. 2021 | Page: 33 of 95 | Answers: 942 | Views: 343,371
Niroht
Experienced

Consequences after July 1, 2021

6th Jul. 2021, at 06:17 am CEST#324
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Falko wrote on 06.07.2021 at 00:17: Why was that not possible to deduct 5.3% from the Deposit ? That is at 10 euros = 53 cents . Only in this way it is fair. Could the casinos not afford a good lawyer ? Every turn more that you can make with his deposit then provides even more tax and since it is no wonder why nothing more goes. The casinos have really let themselves be sucked off by the German state.

I also see that the tax on the deposit would have been quite sufficient
Because of me, it could have been 5.3% of the total win.
But as it looks now it is impossible and unattractive for me to play. Has also so his good, because I have saved a lot of money so far

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Mo1985
Amateur

Consequences after July 1, 2021

6th Jul. 2021, at 07:15 am CEST#325
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Liked this post: Avatar von Tonkabohne Tonkabohne
You gamble away e.g. 500€ per month and cry about 5.3% taxes? Paradox - for me these are phantom discussions, which eig only gambling addicts lead.

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Anonym

Consequences after July 1, 2021

6th Jul. 2021, at 07:23 am CEST#326
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Mo1985 wrote on 05/07/2021 at 18:39: I don't know.

But Platincasino is paying the tax. There you pay 5.3% extra on each spin, but have the same payout ratios.

With a 10€ bet you pay 53cent tax, that doesn't make much difference. For this reason, I also find that most users here lead phantom discussions. Gamble away 500€ a month and get upset about taxes - completely absurd.

So at least what comes back into the treasury when people gamble away their Hartz4.

aha a harz4 despiser, everyone is entitled to harz4, even you if it should be so far, and what they do with their money is no one's business, can play just like you and others, I hope you will also times harz4 recipient and then play diligently

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Klempo77
Expert

Consequences after July 1, 2021

6th Jul. 2021, at 09:01 am CEST#327
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Max1303 wrote on 05/07/2021 at 23:46
Currently, there are two ways for casinos to comply with the tax obligation:

1. 5.3 percent is deducted per wager
2. The RTP has been scaled down. The reduction of the RTP is then at least equal to the bottom line of the 5.3 percent.

Overall, it must be said that the chances of winning have thus been SIGNIFICANTLY reduced.

I think you are wrong, tax is also deducted from wager despite reduced RTP.
It does not matter what RTP the slot has.
But I agree with you, so win has become as good as impossible 😊

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Klempo77
Expert

Consequences after July 1, 2021

6th Jul. 2021, at 09:04 am CEST#328
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Mo1985 wrote on 06.07.2021 at 07:15: Di verzockenst zb 500€ a month and crying about 5.3% tax? Paradox - for me these are phantom discussions, which eig only gambling addicts lead.

Sorry, but wrong way of thinking.

You do not pay 5.3% tax on 500€, but much more

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slotliebe89
Elite

Consequences after July 1, 2021

6th Jul. 2021, at 09:17 am CEST#329
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Actually, the state should have an interest in the highest possible RTP. The more wins you make the longer you can gamble with it = more money for the state. I am for a referendum for slots with at least 98% RTP Then the 5.3% tax would also be acceptable

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DieWunderharke5000
Top Member

Consequences after July 1, 2021

6th Jul. 2021, at 10:30 am CEST#330
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Liked this post: Avatar von NoSkill_NoKill NoSkill_NoKill
Where should the 5.3% come from if the casino only gets 2% of the stake?

I think some have not yet understood what this 5.3% means and how it is calculated.

The casino must now pay the 5.3% to the state from every spin. Regardless of the outcome. That means if the slot has 94.7% RTP, the casino is just at +/- 0 in the long run

Theoretically, I can now Deposit 100€ and assume it runs quite well bets for 2,500€ make until I'm broke. Then the casino pays more taxes than I have deposited at all. And this money has to come from somewhere.

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Klempo77
Expert

Consequences after July 1, 2021

6th Jul. 2021, at 11:07 am CEST#331
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DieWunderharke5000 wrote on 07/06/2021 at 10:30 am: Where should the 5.3% come from if the casino only gets 2% of the bet?

I think some have not yet understood what this 5.3% means and how it is calculated.

From every spin the casino now has to pay the 5.3% to the state. Regardless of the outcome. That means if the slot has 94.7% RTP, the casino is just at +/- 0 in the long run

Theoretically, I can now Deposit 100€ and assume it runs quite well bets for 2,500€ make until I'm broke. Then the casino pays more taxes than I have deposited at all. And this money has to come from somewhere.

You are basically right. Only, if you make 1€ spin, you pay 0,053€ tax for it. That means casino doesn't earn 1€ from you anymore, but 0,947€.
Doesn't look so much, but extrapolated to millions of spins...
And again 94,7% RTP.
So, from your 1€ there is not so much left for casino

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slotliebe89
Elite

Consequences after July 1, 2021

6th Jul. 2021, at 11:17 am CEST#332
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DieWunderharke5000 wrote on 07/06/2021 at 10:30 am: Where should the 5.3% come from if the casino only gets 2% of the bet?

I think some have not yet understood what this 5.3% means and how it is calculated.

From every spin the casino now has to pay the 5.3% to the state. Regardless of the outcome. That means if the slot has 94.7% RTP, the casino is just at +/- 0 in the long run

Theoretically, I can now Deposit 100€ and assume it runs quite well bets for 2,500€ make until I'm broke. Then the casino pays more taxes than I have deposited at all. And this money has to come from somewhere.

If you pay the 5.3% tax separately, you can easily continue to offer slots with an RTP above 94.7%

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Anonym

Consequences after July 1, 2021

6th Jul. 2021, at 11:36 am CEST#333
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I play Roulette most of the time. It annoyed me already on the 1st day extremst that bets were rejected because tax coverage was missing
There was never the quasi the quota for roulette instead of 2.0 is now 1.94. Even with French Roulette you get
less in the long run


Theoretically, it would be fair if the casino had to pay a total tax. And this from the losses
(deposits minus withdrawals) of the players
That is volume per month and then just 5, x to the tax office Berlin Neuköln

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