Tax Revenue Gambling Australia
Posted By admin On 25/07/22We're responsible for administering, collecting and managing debts of gaming and wagering tax payable in NSW, on behalf of Liquor and Gaming NSW.
Total gambling expenditure per head in Australia grew after inflation from $577 in 1986-87 to $1,179 in 2011-12. That meant total gambling losses of $20.5 billion in 2011-12, 84 per cent of it on. Although gambling is illegal in mainland China, Macau is a gambling haven. 50% of Macau’s revenue is made up from gambling alone. In 2018 the city made almost $38 billion.
Find out more about COVID-19 (coronavirus) and gaming machine tax.
The taxes applied to gaming and wagering in NSW are based on:
Gambling Revenues By State
- what kind of gambling is being offered
- who's providing the gambling services.
Tax Revenue Gambling Australia 2020
Gambling tax rates
Tax Revenue Gambling Australia 2019
| Type | Description | Tax applied |
|---|---|---|
| Totalizator | A system that allows people to bet on outcomes and distributes betting revenue to the winning bets. | Percentage of player losses – ie bets placed less payouts. |
| Fixed odds | An operator agrees to pay specified amounts against specified events. | Rates vary. |
| Public lottery | A game of chance including a game such as lotteries, keno and soccer football pool. | Rates vary. |
| Point of consumption | Payable on all bets made by customers who are located in NSW. | 10 per cent of the net NSW wagering revenue that exceeds the financial year threshold |
Legislation
Gambling taxes are regulated under the following legislation.