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Online Casino News:
Benefits
for Ontario Online Casino Players
by Joanne R Friday, January 15, 2010
at 9:41 PM
There are benefits for online casino
players sometimes that have nothing to
do with how they play – rather more with
where they live. No where is this more
apparent than for the players from the
United States. In this case where you
live is definitely a hindrance to you –
and you just don’t get the same
opportunities as those that live
elsewhere.
But sometimes where you live can make it
all that much better. For example, if
you live in Ontario and you win in
Ontario you will find that you are in a
much better place winning wise than
someone who lives elsewhere. You see the
laws as they pertain to online casinos
are a little different in Ontario. If
you are from Ontario and you play at an
Ontario site and you win you don’t pay
taxes on your winnings. The money won
from the online casino is considered a
lottery win, and there is no tax on
lottery wins.
It doesn’t matter if it is an online
casino, a land based casino, or an
actual lottery – they are all classified
in the same way so whatever you win when
you hit – that is the same amount that
you will get when the payout comes
through. Obviously this is of huge
benefit to anyone who as ever won the
lottery or at an online casino.
In other countries like the United
States – you might have won $1, but when
all is said and done and the Internal
Revenue Service gets their piece of it,
you will find yourself with
substantially less than what you thought
you had made. Some people think because
they are in North America that the rules
for online casino taxation are the same,
but obviously they are not.
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