Isn't There An Easier Way To Tax Online Gambling?

from the roundabout dept

One of the founders of British online gambling site PartyGaming yesterday pleaded guilty to a charge of transmitting bets across state lines -- and agreed to pay the US government $300 million. The exec, Anurag Dikshit, wasn't one of those nabbed by US authorities as they changed planes in the US, but rather he came forward on his own in an attempt to clear the legal air surrounding him and his company. It appears that the US government has rewarded him with leniency: he's free on $15 million bond with some loose travel restrictions ahead of his sentencing -- scheduled for December 2010. This latest news follows the guilty plea of an executive of NETeller, which processed payments for gambling sites, who forfeited $100 million to the government, while the company itself coughed up $136 million. So from these three instances alone, the government has taxed, er, fined, gaming sites and execs over half a billion dollars. If revenue generation is the goal, why not simply legalize online gambling, then regulate and tax it? That way, the government gets its slice, while US citizens can enjoy some protection while betting, instead of being forced into the grey market where they're largely at the whim of site owners.
Hide this

Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.

Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.

While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.

–The Techdirt Team

Filed Under: anurag dikshit, online gambling
Companies: partygaming

Reader Comments

Subscribe: RSS

View by: Time | Thread

  1. icon
    John D (profile), 17 Dec 2008 @ 12:17pm

    Re: the whole pie.

    But it's not getting the whole pie. It's getting a dinky little slice that it has to spend a whole lot of time/money/manpower getting.

Add Your Comment

Have a Techdirt Account? Sign in now. Want one? Register here

Subscribe to the Techdirt Daily newsletter

Comment Options:

  • Use markdown. Use plain text.
  • Make this the First Word or Last Word. No thanks. (get credits or sign in to see balance)    
  • Remember name/email/url (set a cookie)

Follow Techdirt
Essential Reading
Techdirt Deals
Report this ad  |  Hide Techdirt ads
Techdirt Insider Discord

The latest chatter on the Techdirt Insider Discord channel...

Recent Stories

This site, like most other sites on the web, uses cookies. For more information, see our privacy policy. Got it

Email This

This feature is only available to registered users. Register or sign in to use it.