Why You Should Play Online Pokies Instead of Pub Or Club Poker Machines

Like many people who live in Australia or New Zealand, you have probably played the pokies at one time or another.

You may even be a regular player? Or perhaps you only play on special occasions during visits to the casino in your area. No matter what your pokie playing habits are, chances are you haven’t yet had a chance to look at online pokies as an alternative.

So why would you want to play online pokies?

For starters, playing pokies in the pub or casino can be expensive. Think about how much money you have to spend before you even sit down at a machine. Gas to the casino or pub, parking (if you can’t get a free one) and then you need to have that drink too. Before you’ve even dropped a dollar in a machine, you’ve already spent some of your bankroll.

Are you a smoker? Bad luck then, because now with the new legislation, you can no longer smoke while gambling in a pub or casino in Australia and New Zealand.

The biggest reason however that you should consider playing online pokies is purely for the payout percentage which has a direct effect on your wins.

You see, most land based machines in Australia and New Zealand are programmed to pay out 87-95% of what they take in. All pokies including Aristocrat and IGT machines in Australasia have to abide by strict governing rules set in place by the government of each country.

As casinos and pubs have high overheads (power, staff, buildings, carparks) you can be sure most of their machines will be set to pay out on the lower end of the scale. They have to pay for that amazing decor somehow! Online casinos on the other hand do not have the same overheads. They don’t have the same levels of staff nor do they have buildings to pay rent on, so they pass these savings on to you in the form of higher pay out percentages.

Another benefit of playing online pokies is all the free money that is available to you.

Yes, you read that right. Free money!

You see, as the competition for your patronage is so fierce in the online casino world, they will do whatever they can just to get you in their casino, even giving away free money. When was the last time your local pub or casino did that?

Typical online casino promotions involve offering you a 100% match on your deposit. So if you deposit $50 the casino will match your $50, giving you $100 to play with. Naturally there are conditions on this free money, but you’ll never get that kind of offer down at the pub!

So with a higher payout percentage (some up to 98%), the convenience of playing at home with the fridge close by and all the free money online casinos offer, why would you bother going to the pub or casino to play pokies any more?

Obviously it’s not as social, but many casinos offer pokie tournaments now too where you can play against other people for prizes and jackpots.

Understanding How Online Casino Tax Works

One common question comes from online casino players is that whether they are going to pay their taxes or not in playing casino games. “What if we lose?”, “How the taxes deducted from our winnings?”, “Do they always deduct taxes every time we play online casino games?” These are the common confusion many gamblers are dealing with.

So, to start it depends on the gambling law that a particular country has specifically in managing an taxes from online casinos. But not all winnings are automatically taxed by the government. But it is always a player’s responsibility to understand everything about laws that are related to gambling so that they will be aware of how their country deduct money from their winnings. Here are the common processes that occur when getting a tax from online casinos and players (this is very important specially if you are a player from the United States).

Winning Taxes:

In many countries around the globe, especially the USA, it is mandatory for a player to submit or share something from her/his winnings. Sometimes, it reaches to the highest rate which is 50%, the lowest is 30%. How do they know if you win? You are obliged to declare your money or else you will be questioned if they track your money in their audit. Every player is required to declare their money if they win from playing online casino games to the IRS (Internal Revenue Services) whether it is offset by loses or not.

Though the fact still remains that online casinos specifically from U.S. do not declare the amount of your winnings, and of course the federal law do not know if you win or lose, you still have the obligation to follow the law and declare it in your own because at the end, you will still end up explaining to the IRS where your money comes from because they will track your money through their audit.

If you are a big time or the what they call “high roller” player and choose to declare and pay your online casino tax, it will be reported as other income on U.S. tax returns. The process goes by submitting only the net of your winnings. Meaning, if you play blackjack and win $3000 from a $300 bet, that means you have to declare all $2,700.

The only exemption is that you are only required to declare and pay online casino tax if and only if you win big. It considers big if you win 600$ above, and that’s the only time that you are going to declare how much money you have won from playing casino games in the internet.

Tax when a player lose:

About tax when you lose, they indicate it as itemized deductions and will be deducted to your winnings. So it would be much better if you will take care of your taxes and keep them on track. Listed under “other miscellaneous deductions”, you are able to deduct up to the amount you have declared in your total winnings. Please be reminded that you are not allowed or you can’t show a gambling tax loss. For example, if you have declared $5,000 in your winnings, you can also declare $5,000 in your itemized deductions under losses. Just make it sure that you will not exceed to the amount that you have recently declared.

It is imperative that you must prove your winnings and losses. That’s why keeping every receipt, tickets, etc. you receive from playing online casino games is a good option because the IRS strongly suggests that every online gambler must keep everything that will prove if they win or lose. All details must be included such as, the type of bet, how much you win or lose, name of the casino site, the I.P address of that casino, etc. Keeping a detailed book of your payment methods like eWallet, credit cards, debit cards etc. is very essential in paying your online casino tax.

So to conclude, keeping records in playing online casino games and making sure that they are well-organized will keep you away from being questioned by the IRS and also to avoid them sending you to jail for not paying taxes. And of course, you will be able to pay your online casino taxes hassle-free.

Australian Law For Online Pokies

In Australia slot machines are called pokies. Online pokies are extremely popular among players. Due to this, a number of websites are offering this fun gaming interfaces for gamers.

A Little about Online Pokies

Online pokies are a great source of entertainment. They come in all sorts of shapes, themes, and colors. People can choose the genre or theme they like best and play the game. There are so many websites out there that if a person does not find what he wants in one site, he can move on to the next one. Many websites offer free games to gamers.

They can play it for fun without betting any real money. As the games are online, people can play it anytime they are free. There is no need to go to an actual casino. The same gaming experience as a real casino is available from the online site. Other than pokies, the gaming rooms have all the regular card games and other such entertainment that is found in a real casino.

The Australian government’s law is not exactly contusive toward online gambling in the country. They are further coming out with law that restrict the use of real money and make it a crime to play or offer games with real money betting involved for the residents of Australia.

Online Gambling Laws in Australia

In Australia, there is a law called the Interactive Gambling Act 2001, which controls online pokies and other casino games. The basic aim of the act is to prevent Australian online casinos from offering “real money” to the gamers on their site. But, the law allows online betting on sports events and as well as online lotteries all through licensed people. Many people in the casino industry have been trying to make the Australian government to relax the rules and legalize online real money betting. The Productivity Commission in 2010 came out with a report that supports online poker machines and betting games. They recommended that the Australian gambling laws need to be relaxed.

They feel that the Australian law is far too stringent. According to a report given by the Productivity Commission, there is no need to restrict the use of real money. According to them, all that needs to be established is a mechanism where there will be pre-commitment by the gamers. This would make them responsible and spend only limited amounts instead of gambling away the money uncontrollably. The government is yet to accept the recommendations of the Commission.

There is a small loophole in the law. This is that although providing real money gambling to the “residents” of Australia is illegal, it is not illegal for them to log on from some other country and play the games for real money.

Despite the restrictions, the Australian online pokies industry is quite widespread and employs thousands of people. It also brings large amounts of revenue into the country. More and more websites are popping up which offer online gambling. With a little relaxation in the law, as suggested by the Productivity Commission, the industry will be more lucrative than it is at the time being.