Aggregate tax liability in wagering

A method comprising:

• receiving, via a processor, an indication from a gaming device of a start of a gaming period, in which a plurality of games are played by a player during the gaming period, in which the processor and the gaming device are in communication over a network;
• receiving, via the processor, an indication of an end the gaming period;
• monitoring, via the processor, an amount of the player's winnings and losses for each game played;
• computing, via the processor, a total winnings and a total losses incurred by the player during the gaming period;
• computing, via the processor, an aggregate amount that comprises a summation of the total winning and the total losses during the gaming period;
• determining, via the processor, a location of the gaming device;
• based on the location of the gaming device, determining, via the processor, at least one jurisdiction that governs the aggregate tax liability;
• and
• computing, via the processor, the aggregate tax liability based on the aggregate amount and the at least one jurisdiction.