Reddit Posts
Mentions
In EU the tax rate on standard lottery and Euromillions games is around 69% of GGR. The entity running the lottery just pays it up front. So essentially your winnings are less and you don’t have to worry about tax versus winning more and having to settle tax.
tldr; Crypto casinos generated $81.4 billion in gross gaming revenue (GGR) in 2024, marking a fivefold increase from 2022, despite regulatory bans in countries like the US, China, and the EU. Gamblers circumvent restrictions using VPNs and other methods to access unregulated offshore platforms. Major crypto gambling sites like Stake, Rollbit, and Roobet operate in jurisdictions where digital asset gambling is legal. Stake reported $4.7 billion in GGR last year, emphasizing compliance with laws and anti-money laundering measures. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.