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Gross Gaming Revenue

English translation: income from gambling before tax

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09:04 Dec 14, 2010
English to English translations [PRO]
Bus/Financial - Law: Taxation & Customs
English term or phrase: Gross Gaming Revenue
What is the effective gaming tax rate right now - as of % GGR?
molak
Local time: 05:25
English translation:income from gambling before tax
Explanation:
:)

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Note added at 19 Min. (2010-12-14 09:23:54 GMT)
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Gross Gaming Revenue (GGR) is defined as the sum total of all Player's contributions to all rakes the Players were involved in, for both ring games and ...
www.querycat.com/question/124c5148dbcc7528a61e32a37020ea52 - Cached

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Note added at 20 Min. (2010-12-14 09:24:30 GMT)
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The court responded that, to establish their entitlement to deduct gambling losses from gross gambling income, the taxpayers had to show that their gambling ...
www.britannica.com/.../Establishing-Basis-for-Gambling-Loss... - Cached - Similar

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Note added at 21 Min. (2010-12-14 09:25:32 GMT)
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Gambling in the United States is legally restricted, but its availability and participation is increasing. In 2006, gaming activities generated gross revenues of $90.93 billion in the United States.[1] Gross gambling revenues are calculated as the difference between the total amounts wagered minus the funds or "winnings" returned to the players.

Gambling provides tax revenue and employment opportunities. Commercial casinos provided 354,000 jobs,[2] and state and local tax revenues of $5.2 billion as of 2006[update].[3] Critics of gambling claim it leads to increased political corruption, compulsive gambling and higher crime rates. Others claim that gambling is a type of regressive tax on the individuals in local economies where gambling venues are located.

Selected response from:

David Hollywood
Local time: 01:25
Grading comment
Selected automatically based on peer agreement.
4 KudoZ points were awarded for this answer

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Summary of answers provided
5 +2income from gambling before tax
David Hollywood


  

Answers


15 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
gross gaming revenue
income from gambling before tax


Explanation:
:)

--------------------------------------------------
Note added at 19 Min. (2010-12-14 09:23:54 GMT)
--------------------------------------------------

Gross Gaming Revenue (GGR) is defined as the sum total of all Player's contributions to all rakes the Players were involved in, for both ring games and ...
www.querycat.com/question/124c5148dbcc7528a61e32a37020ea52 - Cached

--------------------------------------------------
Note added at 20 Min. (2010-12-14 09:24:30 GMT)
--------------------------------------------------

The court responded that, to establish their entitlement to deduct gambling losses from gross gambling income, the taxpayers had to show that their gambling ...
www.britannica.com/.../Establishing-Basis-for-Gambling-Loss... - Cached - Similar

--------------------------------------------------
Note added at 21 Min. (2010-12-14 09:25:32 GMT)
--------------------------------------------------

Gambling in the United States is legally restricted, but its availability and participation is increasing. In 2006, gaming activities generated gross revenues of $90.93 billion in the United States.[1] Gross gambling revenues are calculated as the difference between the total amounts wagered minus the funds or "winnings" returned to the players.

Gambling provides tax revenue and employment opportunities. Commercial casinos provided 354,000 jobs,[2] and state and local tax revenues of $5.2 billion as of 2006[update].[3] Critics of gambling claim it leads to increased political corruption, compulsive gambling and higher crime rates. Others claim that gambling is a type of regressive tax on the individuals in local economies where gambling venues are located.



David Hollywood
Local time: 01:25
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Grading comment
Selected automatically based on peer agreement.

Peer comments on this answer (and responses from the answerer)
agree  Jack Doughty
5 mins
  -> thanks Jack :)

agree  Yang Min
1 hr
  -> thanks Bacangma :)
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Changes made by editors
Dec 14, 2010 - Changes made by Steffen Walter:
FieldLaw/Patents » Bus/Financial
Field (specific)Law (general) » Law: Taxation & Customs


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