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• Online Casino On Line Gambling Sites

The UK Gambling Commission is the main regulatory body for online gambling in the United Kingdom. It was established following the Gambling Act of 2005 and assumed its full power two years later. On-Line Casino Gambling uses the latest in SSL Secure technology to protect every transaction. All players can gamble with the assurance that On-Line Casino Gambling is there to protect them. We have new and exciting casino games which employs the latest in graphics and compatibility. In fact, if you can see this web page, then you can gamble.

Gambling In America

If you've ever won a jackpot in Las Vegas, you probably know that your excitement diminishes at least a little when the casino throws a W-2G tax form in your face. In fact, if you don’t provide your social security number, the casino will automatically withhold up to 30% of your winnings. The same goes for lottery and horse racing wins above $1200. Yet when playing online, paying taxes isn’t always so black and white.

Americans who play at US-based online casinos will usually have to deal with withholding taxes just like in Las Vegas. Yet that only represents a small fraction of your entertainment options. When playing at licensed offshore online casinos or poker rooms, American players usually won’t hear the words taxes mentioned at all.

Sadly, it is never safe to assume that your winnings are ultimately tax-free. It is true that Americans who play at internet gambling sites outside of the USA won’t be subject to withholding taxes when withdrawing their winnings. Yet you may be required to report these gains when you file your taxes in April. The greatest determinant is the number, size, and frequency of your wins. The actual threshold varies from state to state and whether or not you are an amateur or professional. For more information on reportable gambling winnings visit the IRS guide: https://www.irs.gov/instructions/iw2g/ar02.html

Professional Gamblers

Whether or not you qualify as a professional gambler doesn’t solely depend on your performance at the tables. The main litmus test is the expectation and probability of profit in the eyes of the Internal Revenue Service. Your success and whether or not you have a regular job on top of gambling may also be factors.

With even amateur gamblers having to deal with taxes, professional gambling does have benefits. You can actually deduct your wins from your losses when your treat your gameplay as a business. No matter what your current status is and how often you play, it's best to keep tabs on your performance to develop strategies, stick to a budget, and simply know where you stand. You can find this tip sheet courtesy of the IRS: https://www.irs.gov/taxtopics/tc419.html

Whether or not the IRS can actually track your winnings is another matter entirely. Yet you should be aware of your obligations. With a huge budget deficit and ballooning debt, the federal government is looking to fill their financial holes any way they can. Between the NSA and modern forensic accounting practices, covering your digital tracks is more difficult than it used to be.

Tax Obligations Outside Of The USA

The United States is a bit of an outlier when it comes to taxing gambling winnings. In the United Kingdom, the government taxes the gross profits of casino operators rather than players. Canadians can play the lottery, live casinos, poker and online games without paying taxes unless they are a professional. Likewise, Australians and New Zealanders can also gamble tax-free. To put things in perspective, Americans do pay some of the lowest personal income taxes in the first world. Things tend to even out in the end.

Like anything else, interpreting the rules is always a matter of debate. Here's an interesting tax perspective for Canadians: http://business.financialpost.com/personal-finance/tax-expert-a-gamble-over-poker-winnings

Things To Consider

Keep in mind that Americans have to deal with both Federal and State taxes on most forms of income. Always keep basic records no matter how often you play or win. This will make things easier during tax season.

Accountants Have The Answers

No matter where you live, it's always best to discuss your personal situation with a licensed tax professional in your area. You can usually get a short consultation for free with complete confidentiality. It's the best way to play by the rules while minimizing your tax burden.

In January 2021, the first legal and regulated online casinos launched in the state of Michigan. Several established operators from other markets were able to quickly bring their operations online and the launch broke records for the rapid increase in player participation.

Without a doubt, the best is yet to come as the market continues to grow and additional casinos are launched. Check back here to see all the entrants to the market.

October 2021 Feature

For the most Michigan casino games, BetMGM Casino remains at the top of the list. After adding 29 new games last month, their red-hot pace continues.

To get started, get $25 free on the house, and then a first deposit match up to $1,000.

The online casinos are regulated by the Michigan Gaming Control Board, which oversees their operation to insure that the brands operate in accordance with the strict rules established in the state.

To see our casino rankings, see the home page,
or see the casinos listed by number of games.

Complete MI Online Casino List

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This list includes every Authorized Online Gaming Operator in Michigan licensed by the MGCB.

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Betting is available only to persons physically located in Michigan, whether a resident or a visitor. The casinos use location verification to establish that a player is located within the borders of MI before permitting wagers.

Online Casino On Line Gambling Sites

Lots more information is available at this site. Start at our home page.