thoroughbred racing
IndustryReferenced in 2 bills
Betting Tax Bill 2018
This bill introduces a 15% point-of-consumption betting tax on the net wagering revenue of betting operators from bets placed by customers in Queensland. It replaces the previous point-of-supply wagering tax and aligns Queensland with similar reforms in other Australian states. The bill also removes outdated prohibitions on interstate interactive wagering.
Betting Tax and Other Legislation Amendment Bill 2022
This bill increases the tax on betting operators from 15 to 20 per cent and directs 80 per cent of the revenue to Racing Queensland, creating a more sustainable funding model for the racing industry. It also guarantees at least $20 million per year for country thoroughbred race meetings and makes administrative changes to support the rollout of the mental health levy on large employers from 1 January 2023.