While there haven’t been many changes in taxation from a regulatory perspective, the popularity of crypto gambling and casinos has skyrocketed, with estimates indicating that the worldwide market for crypto gaming could reach over $90 billion by 2024. With so many crypto gambling sites to choose from, you may wager Bitcoin and other popular currencies on your favorite casino games for a chance to win big or just kill time while you hold. However, gambling with crypto at any online casino comes with hazards (and taxes), just like everything else.

We will guide you through every step of the process to make sure you remain tax-compliant; from calculating your net revenue from crypto gambling to comprehending how to report your profits and losses. Also, we will enlighten you as regards the risks involved, how to locate the best crypto online sites, and lots more. Therefore, come onboard and take this ride with us.

The post Casino Gambling Taxes : How Are The Gambling Taxes Calculated ? appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am