The casinos may look the same all around the world, but we can say that that there are some differences, depending on where they are located. For example, while one country has very free and open laws that let the people gamble, as long as they pay their taxes, in others, it may be forbidden, or allowed in very strict conditions. A great example of that is Canada and the United States, even though they are separate just by one border. Knowing all of that, we can say that even the purpose is the same, and the games are pretty similar, not all gambling houses are equal.
Even for the online games, there are separate websites that support gambling, as stashbird.com for Canada, showing us that the policies are indeed different. One of the examples that show that difference is that the taxes in Canada for online gambling are very low, almost equal to zero, but in the USA the player is giving around a 25% cut of the prize. Since physical casinos are legalized in both countries, following their laws, in the USA there are still some places that are against online casinos. On the other hand, in Canada, you can gamble online no matter in which area you are based.
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So, let’s see how the laws work:
There are no Canadian laws that prohibit online gambling, but on the other side, authorities don’t issue certificates for them. So, in most cases, these websites are registered outside the country, but the citizens can access them. This is also known as offshore gambling since most of these websites are registered in Malta or England.
But, when we talk about the USA, they have laws and regulations that legalized online casinos, and now every state can choose whether they would allow online gambling on their territory, or not. The states like Michigan, Colorado, Pennsylvania, Indiana, and West Virginia legalized online gambling. Nevada and Oregon allow people to bet on sports events but have strong restrictions for gambling on the Internet. As you can see, in Canada there is one regulation that is for the whole country, and in the USA there is a law that regulates online casinos, but it’s differently implemented in different states.
What do these services offer?
As we said, Canadian online casinos are based outside of the country, and there aren’t some service limitations that are regulated by the laws. So, Canadians can play all the games that are usually related to gambling. They can even choose servers in their neighboring country, and they will still have no limits when it comes to choosing the games they want.
In the USA, they can choose both offshore or local based services, but still, it may vary from one state to another.
How to withdraw the money?
This is one of the points where Canadian and American casinos meet. They have the same payment options, as Visa, MasterCard, and Maestro, but also e-wallets and virtual accounts like PayPal, Skrill, Paysafe, Neteller, and EcoPayz. The amount of money you can withdraw with one transaction is limited too, but that depends on the laws in your country or state. Some casinos are limited to only a few payment methods, and as a player, you need to find the one that works the best for you.
Do you need to pay the taxes?
When in Canada, you can win $10 million of jackpot and leave the casino. The only expense you may have in this case are the tips, that you can give by choice. If you win an online casino jackpot, you are taking the whole amount with you. But, just one border away, the situation is very different. The Americans pay around 25% of every win for the taxes, and additional fees may appear when using some payment method to cash them out. So, can you imagine winning a $1 million jackpot, but you are only able to take $750,000 of it? Well, that’s the case in the USA, but not in Canada – there, you are taking the whole amount because online winnings are not taxable.
But, this doesn’t mean the casinos won’t pay taxes for their existence. As we said, the players are free of that huge expense, but knowing that the gambling industry takes a huge part of the Canadian GDP, the owners should pay the taxes to the country, because they generate a huge profit. The jackpots are only a small portion of their expense, and the maintenance also takes some amount of the profit. But, in general, their revenue is bigger than any other’s industry.
The situation is almost the same in the USA. Gambling providers also have an obligation to pay the country some taxes. We can say that this business is growing every day, not just in these countries, but also all around the world.
The final words
At the very end of this article, we can conclude that for the reasons we mentioned above, Canadian casinos offer better conditions for their clients. But, at the same time, that means Americans are more respectful for their obligation to take an active part in the economy, to avoid grey markets, and to help the budget to be always full, because of the benefits citizens are using.
Also, when we talk about gambling, as an entertaining activity, we must say that every person is responsible for their activities. Some people are getting addicted to it, and spend all their money, hoping that they are the ones who will win the jackpot and get rich. But, no one can “hack” the way online casinos work, and that’s why we only need to consider that as something fun, we can play in our spare time. If it happens to win, then we can say the winner was the lucky one. But, those who spend everything they earn on gambling, should ask for help on time, so they can avoid the destructive results that may happen if they don’t stop right on time.