{"id":31022,"date":"2022-06-22T05:02:14","date_gmt":"2022-06-22T08:02:14","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=31022"},"modified":"2026-04-23T07:33:44","modified_gmt":"2026-04-23T10:33:44","slug":"nsw-raises-the-point-of-consumption-tax-payable-by-betting-operators","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/nsw-raises-the-point-of-consumption-tax-payable-by-betting-operators","title":{"rendered":"NSW raises the Point of Consumption Tax payable by betting operators"},"content":{"rendered":"\n<p>Tabcorp hailed the announcement as a positive step toward industry reform.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0The <strong>New South Wales (NSW)\u00a0<\/strong>government has announced an increase in the Point of Consumption Tax (POCT) for operators in the Australian state. The tax will increase from 10 per cent to 15 per cent.<\/p>\n\n\n\n<p>The POCT applies where the bet is placed, not at the location of the operator accepting the bet. This means that all those operating in NSW are required to pay the tax, regardless of where the operator is licenced.<\/p>\n\n\n\n<p>The increase was announced as part of the 2022-23 NSW Budget and will take effect from July 1. The reform is expected to boost revenue by AU$740m (US$515.6m) over the next four years.<\/p>\n\n\n\n<p>The announcement was well-received by\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/nsw-supreme-court-gives-final-ok-to-tabcorp-spin-off-plan\" target=\"_blank\">Tabcorp<\/a>. Managing director and chief executive officer<strong> Adam Rytenskild<\/strong>\u00a0stated: &#8220;Today is a positive step forward in levelling the playing field in NSW. Online bookies will pay a greater share of wagering tax which can be invested back into the local racing industry and ensures a fairer system.<\/p>\n\n\n\n<p>\u201cWe welcome the NSW government\u2019s announcement. Online betting has changed substantially since the TAB\u2019s licences were issued and this is an opportunity to better align with the modern economy. <a rel=\"noreferrer noopener\" href=\"https:\/\/focusgn.com\/asia-pacific\/queensland-announces-new-5-racing-levy-added-to-the-betting-tax\" target=\"_blank\">The Queensland government<\/a>\u00a0has recently announced reforms to create a level playing field and NSW is now a step closer to a level playing field.\u201d<\/p>\n\n\n\n<p>As previously reported by Focus Gaming News, authorities in Queensland have announced<strong>\u00a0a new sustainable funding model designed to boost Queensland\u2019s racing industry<\/strong>, especially country racing. It includes a new 5 per cent racing levy added to the betting tax and an expansion of the tax to cover free and bonus bets.<\/p>\n\n\n\n<p><strong>The changes include<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>a new 5 per cent racing levy added to the betting tax (also known as the Point of Consumption tax)<\/li><li>broadening the betting tax to include free and bonus bets<\/li><li>increasing the proportion of betting tax revenue that goes directly to the racing industry from 35 per cent to 80 per cent.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Tabcorp hailed the announcement as a positive step toward industry reform.<\/p>\n","protected":false},"author":176,"featured_media":16856,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"The New South Wales government has announced an increase in the Point of Consumption Tax (POCT) from 10% to 15% for iGaming operators, effective July 1, projected to generate AU$740m over four years. This regulatory adjustment, welcomed by Tabcorp, aims to level the competitive landscape for online bookmakers and bolster funding for the local racing industry, mirroring recent reforms in Queensland.","focusai_entities":"Tabcorp, Adam Rytenskild, NSW government, Queensland government","focusai_location":"Australia, New South Wales, Queensland","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.9), operator_casino (0.95), affiliate_publisher (0.75), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"POCT Impact Analysis","query":"What is the projected impact of the increased NSW POCT on the NGR and EBITDA margins of major online bookmakers operating in the jurisdiction, and how might this influence their market share strategies?"},{"label":"Regulatory Harmonization","query":"How do the recent POCT adjustments in NSW and Queensland signal a broader trend towards regulatory harmonization or divergence in Australian iGaming taxation frameworks, and what are the implications for national operators?"}],"footnotes":""},"categories":[16336,163],"tags":[23911,13716],"class_list":["post-31022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","tag-gambling-regulation","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=31022"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31022\/revisions"}],"predecessor-version":[{"id":31041,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/31022\/revisions\/31041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/16856"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=31022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=31022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=31022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}