Australia consults the public over gaming tax

New South Wales will consult with residents on potential regulation relating to gaming taxes and iGaming.

Australia.- The government of New South Wales is asking for the public’s opinion on the debate about whether the Australian state should update its wagering taxes to target online gaming, as reported by local media.

So far, New South Wales authorities have not established a tax related to online sports betting operations and iGaming platform. Currently, wagering taxes on racing and sports betting are levied only at the physical point of sale.

“Other states and territories have changed the way they tax wagering following the rise of online betting, which is something we are also considering here in NSW,” Treasurer Dominic Perrottet said in a statement. “At this stage, we want to get a better understanding of how such a change would operate and whether it is the right move for NSW, so we want all interested parties to have a say.”

Furthermore, New South Wales lawmakers have proposed new laws in order to counter potential problem gambling caused by current regulations. Under the gambling reform, the number of poker machines (pokies) in pubs and clubs would be restricted.

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