{"id":9467,"date":"2025-07-11T21:53:41","date_gmt":"2025-07-11T21:53:41","guid":{"rendered":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/11\/vgw-introduces-new-tax-on-gold-coin-transactions\/"},"modified":"2025-07-11T21:53:41","modified_gmt":"2025-07-11T21:53:41","slug":"vgw-introduces-new-tax-on-gold-coin-transactions","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2025\/07\/11\/vgw-introduces-new-tax-on-gold-coin-transactions\/","title":{"rendered":"VGW Introduces New Tax on Gold Coin Transactions"},"content":{"rendered":"<div>\n<p>VGW, the company behind popular sweepstakes-style casinos, has quietly rolled out a new policy that may catch players off guard. Starting July 10, a sales tax now applies to gold coin purchases, marking a notable change in how the platform operates.<\/p>\n<hr>\n<p><em><strong>Good to know<\/strong><\/em><\/p>\n<ul>\n<li><em><strong>Gold coin tax rate depends on where a player lives.<\/strong><\/em><\/li>\n<li><em><strong>Not all states have sales tax, but local taxes may still apply.<\/strong><\/em><\/li>\n<li><em><strong>VGW has not revealed exactly which states are affected.<\/strong><\/em><\/li>\n<\/ul>\n<hr>\n<p>VGW made the call to introduce the tax after reviewing changes in the legal landscape. According to a company spokesperson, it felt like \u201cthe appropriate time\u201d to make the move, especially as the sweepstakes model continues to face questions across the country.<\/p>\n<p>Gold coins, which players can buy to access more games and features, had not been taxed before. Now, depending on state and local laws, players might notice a slightly higher charge at checkout. There are 45 states and Washington D.C. that collect sales tax, ranging from California\u2019s high of 7.25% to Colorado\u2019s lower 2.9%. Some cities and counties tack on their own local taxes, making the final cost vary by user location.<\/p>\n<p><em>\u201cWe acknowledge this is a change for some of our players,\u201d<\/em> said a VGW representative. <em>\u201cBut as the legal framework has evolved over time, we\u2019ve determined it is the appropriate time to take this action. This is part of our commitment to upholding the highest standards of integrity and compliance.\u201d<\/em><\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"BetUS\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/BetUS.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"BetUS\" target=\"_blank\" rel=\"nofollow\">BetUS<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong><strong>Get 125% \/ $2,500 on 1st deposit!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of up to $2,500<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino &#038; Sports<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/betus\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The update did not come with a detailed list of affected states, so players will need to check their receipts or account details to see how much they are being charged. VGW said players in states without a sales tax may not notice any difference, while those in taxed states will see adjusted totals.<\/p>\n<p>Sweepstakes casinos like VGW run on a dual-currency system\u2014players use both gold coins and sweeps coins to enjoy games. While these platforms do not offer cash prizes, users can win more coins, gift cards, or other rewards. Gold coin purchases are optional, but they give access to more features and game time.<\/p>\n<p>Meanwhile, the wider gambling space in the U.S. is shifting quickly. More states are joining the sports betting boom, interest in online casinos is growing, and sweepstakes platforms are drawing more legal attention. Louisiana became the latest state to officially ban sweepstakes casinos after its attorney general reversed a previous veto. California also moved toward a ban, with its Senate passing a bill just days after AG Rob Bonta stated that daily fantasy sports should be considered illegal.<\/p>\n<p>VGW appears to be adjusting to this changing environment. By applying sales tax, the company is aligning its practices more closely with traditional e-commerce and digital goods providers, likely as a precaution in case more states target sweepstakes casinos with tighter regulation.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-logo box-25 relative\">\n<div class=\"space-org-3-item-logo-ins box-100 text-center relative\">\n<div class=\"space-org-logo-title-box box-100 text-left relative\">\n<div class=\"space-org-3-item-logo-box box-25 relative img-radius\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\"><br \/>\n\t\t<amp-img alt=\"Mirax Casino\" src=\"https:\/\/igaming.org\/wp-content\/uploads\/2023\/01\/Mirax-Casino.png.webp\" width=\"50\" height=\"50\" layout=\"fixed\"><br \/>\n\t\t<\/amp-img><br \/>\n\t\t<\/a>\n\t\t<\/div>\n<div class=\"space-org-3-item-logo-title box-25 relative py-10\">\n\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Mirax Casino\" target=\"_blank\" rel=\"nofollow\">Mirax Casino<\/a>\n\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\">\n\t\t<strong>350% or 5BTC + <strong>150 Spins!<\/strong><\/strong><br \/>\n\t\t<\/p>\n<div class=\"pt-1\">New players only. Exclusive Welcome Bonus of 350% + 150 Free Spins\n<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-rating box-25 relative mb-10\">\n<div class=\"rating-box text-center box-100  relative\">\n<div class=\"space-org-3-item-rating-box relative\">\n<div class=\"stars\"><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><span class=\"star on\"><\/span><\/div>\n<div class=\"space-org-rating-notice relative\">Casino<\/div>\n<\/p><\/div>\n<p>\t\n\t\t\t\t <\/div>\n<\/p><\/div>\n<div class=\"space-org-3-item-button box-25 relative\">\n<div class=\"space-org-3-item-button-ins box-100 text-center relative\">\n\t\t\t\t<a href=\"https:\/\/igaming.org\/site\/mirax-casino\/\" title=\"Visit Site\" target=\"_blank\" rel=\"nofollow\">\tVisit Site<\/a>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>The company said its goal is to help players understand the change. <em>\u201cOur focus now is on ensuring players are well informed and supported as required,\u201d<\/em> the spokesperson added.<\/p>\n<h2>Push for Private Ownership<\/h2>\n<p>VGW is not just dealing with regulatory shifts\u2014it may also see a major ownership change soon. Laurence Escalante, the founder of VGW, is aiming to <a href=\"https:\/\/igaming.org\/casino-news\/vgw-shareholders-to-vote-on-final-buyout-offer-from-escalante\/\">take full control of the company<\/a>. Using his private investment firm, Lance East Office, he has made what he calls his final offer: $3.2 billion to acquire the remaining 30% stake from minority shareholders, valuing each share at $5.05.<\/p>\n<p>A shareholder vote is scheduled for August 1, which will determine whether the buyout goes through.<\/p>\n<p>The post <a href=\"https:\/\/igaming.org\/casino-news\/vgw-introduces-new-tax-on-gold-coin-transactions\/\">VGW Introduces New Tax on Gold Coin Transactions<\/a> appeared first on <a href=\"https:\/\/igaming.org\/\">iGaming.org<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>VGW, the company behind popular sweepstakes-style casinos, has quietly rolled out a new policy that may catch players off guard. Starting July 10, a sales tax now applies to gold coin purchases, marking a notable change in how the platform operates. Good to know Gold coin tax rate depends on where a player lives. Not [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-9467","post","type-post","status-publish","format-standard","hentry"],"blocksy_meta":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9467","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/comments?post=9467"}],"version-history":[{"count":0,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/posts\/9467\/revisions"}],"wp:attachment":[{"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/media?parent=9467"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/categories?post=9467"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/casino-online-best.com\/index.php\/wp-json\/wp\/v2\/tags?post=9467"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}