NSW to impose new 10% POC tax on online gambling

NSW to impose new 10% POC tax on online gambling

By site_editor

June 13 2018: Various media, including The Australian, report that the NSW Government will place a 10 per cent tax on all online ­gambling bets when the state budget is presented by the Treasurer Dominic Perrottet next week.

The point of consumption (POC) tax will take effect from January 1 next year. This follows  a Victorian tax of 8 per cent on online bookmakers, which was introdcced in Victoria's state budget in May this year. 

The Australian explains that the tax aims to bring companies such as Ladbrokes and Sportsbet closer into line with Tabcorp in terms of how much tax they pay to the state's economy. At present, most online ­gambling companies in Australia are headquartered in the ­Northern Territory and pay only small fees to participate in the ­industry. A higher rate of 15% was considered but ruled out as operators already pay a number of other taxes. 

It is rumoured that a pecentage of the overall online gambling revenue will be given to the NSW racing industry and that some of the money rasied will help fund a local greyhound racing integrity commission.

 

 

 

Company Details

International Association of Gaming Regulators
7881 W Charleston Blvd, Suite 155
Las Vegas, NV 89117
USA

Fax: +001 (636) 277-6665

Email Contact

Twitter Feed

Keen to learn about responsible gaming design? Join us at #IAGR2019 in Jamaica next month to hear @drjparke's sessi… https://t.co/6bQTrRYtsG
IAGR_ORG (Yesterday)
Don't leave it too late to book your place at #IAGR2019. Here's Julian Hoskins @JulianHoskins8 from Senet Legal, gi… https://t.co/V7JltYj1j3
IAGR_ORG (6 days ago)
Ever wondered how big data could be used to reduce gambling harm? Liv Røthe from the Norwegian Gaming Authority wil… https://t.co/7aRzu8K2gM
IAGR_ORG (2 weeks ago)
Interested in how tech can be used to reduce and prevent gambling harm? John Dalzell, Chair of the NSW Responsible… https://t.co/rX7cPH7E09
IAGR_ORG (4 weeks ago)
Interested in cutting-edge research on gambling behaviour? Jack Wilson @Jackalus from 2CV Research will be giving a… https://t.co/EkKLv6Zb0y
IAGR_ORG (5 weeks ago)