{"id":777016433,"date":"2024-06-14T09:11:50","date_gmt":"2024-06-14T12:11:50","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016433"},"modified":"2026-04-22T09:09:31","modified_gmt":"2026-04-22T12:09:31","slug":"new-south-wales-government-considers-rise-in-betting-tax","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/new-south-wales-government-considers-rise-in-betting-tax","title":{"rendered":"New South Wales government considers rise in betting tax"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Tapcorp has proposed raising betting tax to 20 per cent.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">Australia.- <strong>The New South Wales (NSW) government<\/strong> is deliberating on a potential increase in betting tax from 15 per cent to 20 per cent as proposed by <strong>Tabcorp<\/strong>. Treasurer <strong>Daniel Mookhey <\/strong>noted that the move would bring the point of consumption tax (POCT) in line with Queensland and the Australian Capital Territory. He said he would consult with other parties before making a decision.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tabcorp said in a statement: &#8220;This is a positive step towards ensuring the sustainability of the NSW Racing Industry. Tabcorp looks forward to working constructively with the NSW Government and the NSW Racing Industry during this process.&#8221;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The POCT was introduced in 2019 to that operators pay taxes in the state where bets are placed rather than where bookmakers are registered. Tabcorp, which operates under retail betting licences across multiple states has advocated for tax parity across the industry. It argues that the current tax variations favour bookmakers in lower-tax jurisdictions like the Northern Territory.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>See also:<\/strong> <a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/tabcorp-fined-us246k-for-allowing-a-minor-to-gamble-in-victoria\" rel=\"noreferrer noopener\">Tabcorp fined US$246k for allowing a minor to gamble in Victoria<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Australian online gambling credit card ban enters force<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The government of Australia has announced the implementation of the Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 which&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/australian-senate-approves-credit-card-ban-for-online-gambling\" rel=\"noreferrer noopener\">was approved last December<\/a>&nbsp;and prohibits the use of credit cards for online gambling. The government had given a six-month transition period to allow the industry to prepare for the ban.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since June 11, companies failing to enforce the ban could face fines of up to&nbsp;<strong>AU$234,750<\/strong>. The new legislation broadens the powers of the Australian Communications and Media Authority to allow enforcement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The government is currently&nbsp;<a target=\"_blank\" href=\"https:\/\/focusgn.com\/asia-pacific\/australian-house-committee-recommends-total-ban-on-ads-for-online-gambling\" rel=\"noreferrer noopener\">examining the 31 recommendations<\/a>&nbsp;from the House of Representatives Standing Committee on Social Policy and Legal Affairs inquiry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tapcorp has proposed raising betting tax to 20 per cent.<\/p>\n","protected":false},"author":176,"featured_media":777014930,"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 is deliberating Tabcorp's proposal to raise the Point of Consumption Tax (POCT) from 15% to 20%, aiming for tax parity and supporting the NSW Racing Industry. Concurrently, Australia has implemented a nationwide ban on credit card use for online gambling, empowering the ACMA with enforcement and imposing significant fines for non-compliance, signaling a broader regulatory push for responsible gambling.","focusai_entities":"Tabcorp, New South Wales government, Daniel Mookhey, NSW Racing Industry, Australian government, Australian Communications and Media Authority, House of Representatives Standing Committee on Social Policy and Legal Affairs","focusai_location":"Australia, New South Wales, Queensland, Australian Capital Territory, Northern Territory, Victoria","focusai_target_profile":"ceo_executive (0.95), regulator (0.98), compliance_legal (0.98), operator_casino (0.97), product_ux (0.85), tech_data (0.8), marketing_crm (0.75), payments_fraud_aml (0.99), investor_analyst (0.93), supplier_vendor (0.88), journalist_researcher (0.92)","focusai_suggestions":[{"label":"NSW POCT Financial Impact?","query":"What is the projected financial impact of a 20% NSW POCT on licensed operators, and how might this influence interstate operational strategies and market share dynamics?"},{"label":"Credit Card Ban GGR Impact?","query":"How will the nationwide credit card ban impact online gambling GGR and NGR across the Australian market, and what alternative payment methods are gaining significant traction among consumers?"}],"footnotes":""},"categories":[16336,163,158],"tags":[23911,13716],"class_list":["post-777016433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-finance-news","category-slider-home","tag-gambling-regulation","tag-tabcorp"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016433","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=777016433"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016433\/revisions"}],"predecessor-version":[{"id":777016448,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016433\/revisions\/777016448"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777014930"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}