Definition of lotteries and gambling clarifies taxation scope allowing state tax on lottery activity despite organiser Lottery is a species of gambling characterised by payment to participate, award of prizes, and determination by chance; gambling broadly involves risking value for a chance at gain. Definitions distinguish betting (wagers on outcomes), gaming (games of chance for prizes), and prize competitions. The classification of lotteries as gambling underpins taxation: State taxation powers over betting and gambling extend to lotteries of every kind, enabling a State to levy taxes on lotteries organised in its territory regardless of the organising entity.
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Definition of lotteries and gambling clarifies taxation scope allowing state tax on lottery activity despite organiser
Lottery is a species of gambling characterised by payment to participate, award of prizes, and determination by chance; gambling broadly involves risking value for a chance at gain. Definitions distinguish betting (wagers on outcomes), gaming (games of chance for prizes), and prize competitions. The classification of lotteries as gambling underpins taxation: State taxation powers over betting and gambling extend to lotteries of every kind, enabling a State to levy taxes on lotteries organised in its territory regardless of the organising entity.
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