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As a rule, GGR and NGR are two indicators used to evaluate the success of online gambling establishments. Gross Gaming Revenue (GGR) is the revenue of a virtual gambling establishment, and Net Gaming Revenue (NGR) is an express method for determining the level of profitability. Gross gaming revenue of casinos in the U.S. 2019, by state Published by S. Lock, Oct 6, 2020 This statistic shows the gross gaming revenue of casinos in the United States, by state, in 2019. Gross Gaming Revenue (GGR) in the locals’ casino region near Las Vegas jumped 10 percent in August compared to the month in 2019, according to recently released data. Gaming analyst Barry Jonas. When all the taxes are combined, this means that operators will have to pay 37.7% for horse racing, 40.8% for online poker, 55.2% for online sports betting and 44.5% of GGR for retail sports betting. Previously, gambling taxes were based on the amount of money that players staked on the games. Increased GGR for in-state gambling establishments is main driver of positive economic impacts Increased economic activity in the private sector raises state revenues over and above direct GGR tax By 38-57% in KY scenario, up to 20% in CT scenario Tax-PI allows state-specific expenditures to rise given total revenue increase.
France’s Senate has passed a budget bill for 2020, including an amendment to calculate gambling tax based on gross gaming revenue (GGR) rather than turnover.
The bill will now be passed to the National Assembly, where the amendments must be ratified before the budget can become law.
Due to shift away from the turnover-based model, the tax rates will change. The tax on horse race betting will come to 19.9% of GGR, for sports betting the rate will be 33.8%, and for online poker 36.7%.
In addition, social security payments will also be based on revenue rather than turnover, resulting further changes to rates. For horse racing, this will become a 6.8% GGR levy, for sports betting, 10.7% and for online poker, 4.1%.
A further 10.7% levy will be applied to online sports betting, to be allocated to the National Center for the Development of Sport.
When all the taxes are combined, this means that operators will have to pay 37.7% for horse racing, 40.8% for online poker, 55.2% for online sports betting and 44.5% of GGR for retail sports betting.
Previously, gambling taxes were based on the amount of money that players staked on the games. The main tax rates were 13.2% for online horse race betting, 7.1% for retail horse race betting, 9.3% for sports betting, and 2% for online poker, while the social security contribution was 1.8% for horse racing, 1.8% for sports betting and 0.2% for poker.
The Senate said that the change allows operators and the state to “share the luck” by ensuring that tax bills will adjust for fluctuations in the success of punters.
“In recent years, several reports have highlighted the binding effect of the levy on players' stakes and not on GGR,” the Senate explained. “[Online gambling regulator] ARJEL thus notes, in its 2015-2016 activity report, that ‘the tax on stakes is too burdensome, and prevents the balanced development of this market.”
The Senate noted as the bulk of money staked was returned to players as winnings, operators were effectively “taxed on sums which they do not receive”.
“The report of the Court of Auditors of October 2016 on the evaluation of the regulation of the games confirmed that the French taxation was heavy because of this choice of base on the bets, especially as the rates are high.
“The report believes that it would be questionable to continue to use as a base the bets that only pass through the operator, rather than being held as revenue. Thus, ARJEL and the Court of Auditors propose to change the tax base to GGR.”
The senate also included capped tax on each hand of poker at €1, stating that it would not be viable for operators without such a limit.
The budget projects that, with the new laws in place, in 2020 it will make €586m from sports betting taxes, €420m from horse race betting taxes and €66m from poker taxes, in addition to €787m from taxes on casinos and €2.48bn from tax from La Française des Jeux, which was privatised last month.
As a rule, GGR and NGR are two indicators used to evaluate the success of online gambling establishments. Gross Gaming Revenue (GGR) is the revenue of a virtual gambling establishment, and Net Gaming Revenue (NGR) is an express method for determining the level of profitability.
Net gaming revenue is an indicator of real profits of an online casino, excluding operating expenses such as: bonuses provided to customers; fees charged by payment systems; payments to the developers of the games represented in gambling establishments; payments to partner companies and funds spent on licensing and taxes.
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Net Gaming Revenue is considered one of the most important indicators for online casinos and gambling institutions. It allows to track profits and losses, as well as key indicators such as total payments including winnings and total expenses. By total expenses we mean the welcome bonuses offered to new players or bonuses, which are given out to players who do not have a deposit.
Net income from online casino games or gambling establishments is calculated taking into account the deduction of taxes on goods and services that can be charged from all gaming operations and accessories produced by a casino operator.
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What is Gross Gaming Revenue?
The GGR (Gross Revenue Revenue) index is calculated as the net profit variance (the sum of players' bets minus the amount of winning bets). Sometimes GGR can reach truly amazing proportions. In 2006, Gross Gaming Revenue in the United States amounted to $90 billion.
Often, the profits of land-based and online gambling establishments are perceived by society as something not entirely “proper”. The basis for this is the assumption that players bear irreparable financial losses.
In the 1990s, Macau revenues from gambling business accounted to 45% of its total revenue.
Nevertheless, there are many examples of how gambling can contribute to the regional economy development. Firstly, the gambling business creates many jobs. For example, about 100,000 people are employed in the British casino industry. Secondly, land-based gambling establishments attract foreign tourists. According to the Daily Mail, the Las Vegas Strip with its nearly 40 million tourists every year is the most visited attraction in the world. Thirdly, taxes paid by gambling operators, as a rule, are spent on social needs: school construction, hospital financing or architectural objects restoration.
GGR is the revenue index, but not the institution profitability indicator. It directly depends on the 'luckiness' of the players. And as for the NGR indicator, it is an excellent express method for determining the establishment’s success. However, in the case of GGR calculating, there is a simple and, in most situations, a single formula. As for the NGR calculation approaches, they vary from situation to situation taking into account the special features of the taxation system of the state where the gambling institution operates, and peculiarities of the way a certain operator is doing business.
Formulas for NGR and GGR calculating and interpreting:
GGR = A - B.
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NGR = A - B - C - D.
A - the total sum of all bets made by players;
B - the sum of all received winnings;
C - the sum of all bonuses received by players;
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D - the sum of all taxes.
Basically a easy way to say they dont.have to pay you .. most sites just call it rollover.. and 99% of most players dont get to take that bonus money out either because of the 40times over . So the site wins on both sides lol !! Very smart on there behalf but im no fool not giving them customers foe FREE!!! Lol
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A- total sum of all bets by player - so is this all bets you mean the bonus bets too ? B - the sum of all received winnings - so again a question so is this amount included the bonus bets winnings ? C- the sum of all bonuses received - the original amount or played as a result of the bonus, which was won ???