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Although gambling is legal in most places, it isn’t in all states. Nevada, for example, has banned online gambling. Utah, however, has a large Mormon population and is against it. Other states are slowly accepting online gambling, however. Online gambling isn’t allowed in Wisconsin or Iowa. Online casinos can easily expand within their borders because of the state’s legal climate. You should know that there are some exceptions to this rule.
There are some requirements to license online gambling services. Applying for a license is the first step. It costs twenty thousand dollars or about 500 rupees. Once granted, the license is valid one year and must be renewed each calendar year. Licensees are required to pay a tax equal to 1% of their gross gambling income. This tax must be paid by the government within the fifteenth day following the month’s issuance. Paying late will result in a penalty equal to twenty percent. Licensees are required to provide an annual bank guarantee for the government.
There are a number of payment options available when you want to gamble online. First, you can use a credit card to make a deposit. You can also use an electronic wallet like Neteller. Neteller is an e-wallet that’s trusted and highly secured and can be found in many countries. However, because the number of payment options available is increasing, Neteller has a smaller share of the online gambling market.
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