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The new taxes come in response to long-held concerns the nation's largely foreign-owned online gambling services had not been contributing.


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Off the back of internet and app-based wagering, sports-betting revenue has swelled by 15 per cent a year in Australia, to become the fastest-growing form of gambling. The rate of the new taxes varies from state to state: South Australia, Western Australia, Queensland and ACT will collect 15 per cent of bookmaker revenue from bets placed in their jurisdictions, while NSW will take 10 per cent, and Victoria 8 per cent. Gaming industry analysts and insiders predict only the biggest online bookmakers will be able to withstand the impost, and say the new taxes will likely speed up the consolidation that has begun among operators in the hotly competitive digital sports-betting sector. After years of subdued advertising compared to its online bookmaker rivals, Tabcorp has noticeably ramped up marketing efforts since the football finals and spring racing season in a bid to chase new customers. The Sydney Morning Herald. License this article. Through their industry group Responsible Wagering Australia, led by former Labor senator Stephen Conroy, online bookmakers said they were deeply disappointed at the various state government decisions to introduce the new taxes, arguing they already paid sizeable contributions through the GST and income tax. Earlier in , British wagering powerhouse William Hill sold its Australian assets to BetEasy, citing new gambling regulations and the incoming state taxes as factors that would pressure its profitability.

A series of new digital betting taxes australian online gambling tax to crimp the profits of online bookmakers in Australia is expected to force an acceleration of the wave of consolidation sweeping the fiercely competitive online gambling sector.

Credit: Joe Armao. Nick Toscano Twitter Email.

New online betting taxes to squeeze foreign bookies. Online gambler losses will be taxed based on where a bet is placed.