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They also point to the success of casinos in other states, highlighting their ability to contribute to local economies and generate muchneeded tax revenue.
The responsibility of combating this issue lies not only with individuals but also with the gaming industry and regulatory bodies.
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However, the IGEAs impact was not universally welcomed.
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Tax revenue generated from online gaming contributes to vital services and programs, while the industry itself has created numerous job opportunities.
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Losses While you cant deduct gambling losses on your tax return, you can use them to offset your winnings to lower your tax bill.
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This has transformed Malta into a global hub for the iGaming sector, attracting major players and contributing significantly to the countrys economy.
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