Online Casino Popularity On The Rise

Casino games have always been favorite sources of entertainment, as well as a way of winning money for many people in various countries all over five continents throughout generations. In the past, the club Craven’s has achieved legendary status for its decadent plays. In contemporary times, tourist magnets such as Las Vegas and Macau owe their popularity in part to their glamorous, high-stakes casinos offering literally hundreds of gaming options for avid players looking for elegant entertainment, deep plays, and a wealth of winnings.

With the resurgence of the Internet in the past decade and the rise of social networking sites in recent years, casino gaming has also found its way online. Gaming on websites is now taking up large bandwidths as more and more users get hooked on online blackjack, poker, roulette, slots machines or any of the other casino games available online. Online gaming has seen a steep rise in popularity due to many factors.

Foremost of this is economic. While the stereotype of gamers are those high-rolling, suit-clad millionaires with bottomless pockets, the truth is that many gamers have only just enough to enjoy a few good rounds of play and a bit of entertainment on the side. In the face of the economic downturn, many players who love casino games have found themselves strapped for cash. Online casino games offer players the chance to enjoy their favorite games without having to spend extra for travel expenses from their homes to casinos. In many instances, the online version of casino games even eliminates entirely the need for players to shell out cash, what with the rise of free game downloads.

Accessibility is also another factor facilitating the rise of online casino gaming popularity. Individuals strapped for time-businessmen and professionals tied up to their work, parents who cannot leave their children alone, students committed to their studies-can easily connect to their favorite online gaming site, enjoy playing their game for the period that they can spare, then easily switch back to their responsibilities when needed.

Social networking, too, has played such a huge part in introducing and encouraging new and old players alike to actively play online casino games. Because the players now enjoy the game with other people, mostly their friends, family and acquaintances, the feeling of soulless play with only technology as game partner or opponent has been largely dispelled. The playing circles also easily widen because individuals in social networking sites actively reach out to their contacts and invite them for a round of poker or roulette.

With the rise of online gaming, some sites has also devoted themselves to winnowing out the best online gaming sites from the hundreds that can be found in webscape. These features reviews of each online gaming casino, along with bonus and free gift offers, for reference and enjoyment of users who want only the best experience. Such sites serves as gateway to a multitude of casino games.

The rise of popularity of online casino gaming does not seem to be slowing down. In fact, the number of websites devoted to such, the avid players, and number of plays per user are still meteorically shooting up.

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.