ANOTHER Australian state has decided to take an extra slice of the gambling pie.
The ACT state government published its 2018/19 budget on Tuesday, introducing a 15 per cent point of consumption tax on online betting from January 1, 2019.
Corporate online bookmakers like Sportsbet, CrownBet and Ladbrokes will be taxed on the net wagering revenue for bets placed in the ACT, or bets made by ACT residents.
The ACT budget estimates that the tax would generate $2 million in revenue per year – a minuscule amount compared to its two closest neighbours.
South Australia was the first state to introduce a 15 percent POC tax, which took effect on July 1, 2017.
Western Australia is set to introduce a tax at the same rate from January 1, 2019 and Queensland is expected to follow suit in its 2018/2019 state budget.
Last month, Tim Pallas, the state treasurer of Victoria, the second most populous state, announced that a POC tax at a rate of only 8 percent would be introduced from January 1, 2019.
Best team bets and smokeys for the 2018 Brownlow Medal
Second Preliminary final preview – Roosters vs Rabbitohs
NRL first preliminary final preview & tips – Storm vs Sharks
Max Gawn AFL prelim final goal-scoring odds – West Coast vs. Melbourne
Jordan de Goey goal-scoring tips – Tigers vs. Magpies prelim odds
Melbourne favoured to topple three remaining Sydney teams
2018 AFL premiership race down to four as Victorian giants face off
NRL second semi final preview – Souths vs St George