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Could Poker Become Taxable In The UK?

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It seems that it could be a sad day for poker fans as a recent study by academics could encourage the UK government to start taxing poker winnings.

If this goes through, it could mean that the players could take home considerably less from their games when they manage to win large prizes.

What’s Going On?

A study, held in partnership between researchers from the University of Nottingham and a team from VU University in Amsterdam found that since poker requires a specific skill to play and it can’t be regarded as a game of chance. They based their findings on an observation of a database of 456 million different players throughout a years’ worth of poker games.

They ran thousands of simulations with this data and found that players who had a modicum of skill with poker fared slightly better over the space of a couple of hands.

According to the study, a skilled poker player has a 75% success rate over the space of 1,471 hands, which is a pretty high percentage when you think about how difficult the game can be at times.

According to Dr Dennie Van Dolder from Nottingham Universities School of Economics, this increased percentage definitively proved that skilled players would always perform better than less skilled players if enough hands are played. This then proved that poker shouldn’t be considered a game of chance as luck doesn’t play as big a role in it, rather skill and experience does.

So what this reclassification of poker from a game of chance to skill means is that it can technically be taxed since the UK gambling tax only applies to skill based games.

What Are The Implications for Online and Mobile Players?

What this development means for mobile players and those that enjoy online poker games is that should legislation go through to reclassify poker, players will have to start paying tax on their winnings.

So even though you will be able to enjoy the fact that good poker players are classed as having a skill, you will get less of your cash to take home with you when you land a big win.

For example, currently if you were to land a £2,000 pot prize from a game of poker you would get that entire amount. But, if the classification is changed you would get a smaller amount of your winnings back since some of it goes to the taxman.

This can leave a sour taste in a poker player’s mouth, especially if it was a tough game.

What Could This Do To Other Types of Gambling and Games?

If Poker really does get changed from chance to skill, it could mean that the UK government might start looking at other games.

For example, they might decide that various games like slots, scratchcards or even a range of table titles like roulette where everything is down to luck could be classified as skill games. This in turn could mean that these games could also be taxed and an industry that we all know and love could be irreparably changed forever.

Although it’s still a long way off and undoubtedly there will be those who oppose the taxation of poker, it’s still something we should be keeping an eye on. Gambling is supposed to be a medium free of taxation, where we go in with small amounts of money to win big prizes without worrying about having chunks of our reward taken away.

This whole thing really makes you wonder that if the whole gambling industry starts to become taxed, what else will be next?

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For one lucky Swede a spin on a casino game has had life changing results. The 62-year-old winner from Karlstad, a man who for good reasons wishes to remain nameless, has found himself the proud recipient of €5.6 million Euros.

He received this after winning Unibet Casino’s Mega Fortune jackpot. The amount is currently ranked as the second largest jackpot payout in Sweden last month and is the third mega jackpot that Unibet has had to pay out so far.

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The company won their award for the ‘largest ever jackpot pay-out for an online game’ with a total of €17.9m being paid out to one lucky player back in January of 2013. Their jackpot record setter was rather funnily enough set on the Mega Fortune game, which itself is pretty fantastic to play with, everything on Mega Fortune is catered towards the finer things in life.

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The good thing about their help section is that you can be sure there will be a speedy response!  There is a form where you can submit your query, and a representative will get back you within just an hour.  You can send in your question whenever you want.

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At VIP Club Casino you can deposit using the following methods: Visa, Mastercard, Payesafecard, Neteller and Ukash.

Our Summary

With a juicy no deposit bonus and generous welcome package – there’s no doubt that VIP Club Casino is enticing.  There could be a couple of improvements such as a broader range of alternative payment methods and there could be a customer support telephone line or call back service.

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This sea faring themed mobile site has a unique homepage design that’s perfect for mobiles as it shows all their games in neat little circles. Plus there’s a handy menu pop-up tab that lets you jump between sections on the site.

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