In a surprising turn of events, the public appears to be supporting a potential tax raid on online gambling, as rumors of a duty hike swirl throughout the industry. According to a recent survey conducted by CDC Gaming Reports, over 60% of respondents expressed their approval for increasing taxes on online gambling operators. The findings come amidst growing concern over the social and economic impact of online gambling, particularly in the wake of the COVID-19 pandemic.
The survey, which polled over 1,000 individuals across the US, revealed a strong consensus among respondents that online gambling operators should be subject to higher taxes. Many cited concerns about the potential for addiction and financial ruin among vulnerable populations, as well as fears about the erosion of community values and increased government reliance on gambling revenue.
In recent years, online gambling has seen explosive growth, with millions of Americans flocking to internet-based casinos and sports betting platforms. This surge in popularity has not gone unnoticed by lawmakers, who are now considering ways to regulate and tax the industry more effectively.
Rumors of a potential duty hike have been circulating for weeks, with industry insiders speculating that a 5% increase could be on the cards. While some online gambling operators have pushed back against the idea, arguing that higher taxes would stifle innovation and drive customers away, others have acknowledged the need for more sustainable regulation and taxation.
In a statement to CDC Gaming Reports, a spokesperson for the American Gaming Association (AGA) expressed support for a balanced approach to taxing online gambling. “As an industry, we understand the need to contribute to society and operate in a responsible manner. While we believe that excessive taxation could harm our ability to compete and innovate, we also recognize the importance of funding essential services and promoting responsible gambling practices.”
As the debate over online gambling taxes continues to heat up, industry observers are closely monitoring developments in Washington, DC, where lawmakers are expected to make a decision on the matter in the coming months. In the meantime, online gambling operators and players alike are bracing themselves for a potential shake-up in the industry, as rumors of a duty hike continue to swirl.