Saturday, July 15, 2023

Online gaming's tax troubles, and other top startup & tech stories this week

When a user wants to play a game like a fantasy sports competition or card games like rummy or poker, where they stand to win real money based on the outcome, they first deposit a contest entry amount (CEA). From this, prior to creating a pool that will be passed on to the winner, the platform deducts its fee — typically between 8-15%. This is called the gross gaming revenue (GGR).

from Tech-Economic Times https://ift.tt/u7zGjey

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