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With the increasing popularity of CS:GO and in-game skins in the last several years, a independent ‘skin gambling’ industry has reached the surface. On a monthly basis millions of people bet their CSGO skins on third-party gambling websites, and in 2016 alone the CS:GO skin gambling industry was worth over 5 billion dollars.
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0.4% of total bets will go into a bonus pot. In each round, there is a small chance (that round's total bet value / 1000000) of the roulette wheel landing on a special "Bonus Pot" icon, pictured above. When that happens, the bonus pot will be split proportionally between all eligible players in that round.
However, with the rise of many other gambling sites, expect the ... If it's taxable, the economic value is there and gaming laws will apply. ... The main thing to realize here is that CS:GO weapon skins are not worth any money. An indigenous American tribe is suing Valve for “actively encouraging ... Apr 16, 2019 ... ... of digital keys and their interaction with CS:GO weapon skins. ... The Quinault also claim that these skins are “a thing of value” under Washington state law, and that “Valve is well aware of the skins gambling that goes on, ...
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