Online gaming and casino supply valuation rules fix taxable value on total player payments, excluding refunds and reused winnings. Value of supply for online gaming, including online money gaming, is the total amount paid or payable to, or deposited with, the supplier by or on behalf of the player, including money's worth and virtual digital assets. Amounts returned or refunded are not deductible. For casino actionable claims, value is the total amount paid or payable for tokens, chips, coins or tickets, or for participation where such items are not required, and refunds are likewise not deductible.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Online gaming and casino supply valuation rules fix taxable value on total player payments, excluding refunds and reused winnings.
Value of supply for online gaming, including online money gaming, is the total amount paid or payable to, or deposited with, the supplier by or on behalf of the player, including money's worth and virtual digital assets. Amounts returned or refunded are not deductible. For casino actionable claims, value is the total amount paid or payable for tokens, chips, coins or tickets, or for participation where such items are not required, and refunds are likewise not deductible.
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