Gambling revenue close to $2b - The Bendigo Advertiser - Fiona Patten - Leader of the Reason Party

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Gambling revenue close to $2b – The Bendigo Advertiser

Wednesday, 16 May 2018

VICTORIAN gambling taxes are close to hitting the $2 billion mark for the first time, a parliamentary committee has been told. Reason Party MP Fiona Patten questioned Treasurer Tim Pallas on the figures, which will come to about $1.87 billion in the 2017/18 financial year, during a budget estimates hearing on Tuesday.

“Two billion dollars on gambling seems to be a pretty large number for our state,” Ms Patten said. Mr Pallas said gambling taxes are forecast to increase about 1.6 per cent a year. “In practical terms that is actually substantively below the revenue growth the state is getting overall, which is coming in at 4 per cent,” Mr Pallas said. “Yes it is increasing, but it’s increasing at a lesser level than the general background revenue it terms of the state.”

The budget also includes the new, 8 per cent point of-consumption tax imposed on all betting companies, which is forecast to bring in $30 million a year and was announced on Monday, the inquiry was told.

The Bendigo Adviser, 16th May 2018. Photo by: AAP

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  • About
    ▲
    • About fiona
    • Fiona’s achievements
    • The Reason Coalition
  • Parliament
    ▲
    • Speeches
    • Questions to Government
    • Members Statements
    • Notices of motion
    • Adjournments
    • Committees
    • Reports
    • Bills
  • News
    ▲
    • Media
    • Newsletter
    • Events
  • Issues
    ▲
    • Policy
    • Achievements
  • Gallery
  • Get Involved
  • Contact
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    • Request a meeting