A parliamentary inquiry is investigating online gambling, which has boomed since the pandemicThere are also some calls for a single national betting regulator
"It is anticipated that new legislation, incorporating increased regulatory powers for the Commission will be introduced into the Legislative Assembly during this term of Government," he wrote in a submission published this week. The total covers all bets taken by the 32 sports bookmakers and two betting exchanges licensed in the NT including industry giants SportsBet, Bet365 and Entain. It covers betting on racing and sporting codes, across telephone and online, but does not include expenditure on poker machines.
A report from IBISWorld last year predicted industry revenue would grow 3.2 per cent per year over the next five years due to growing use of online betting platforms.
Block the app. Block the websites.
You mean they are pondering how they can Tax it more💰💰💰
Places like Hong Kong and Japan donate their horse racing profits back into the community. Essentially, they are run as charities.
Probs do nothing. Just hit the middle class instead.
Tax it?
Ban them and start with the overseas ones that have found a smart **** was to “minimise tax”, we’re not even getting the tax income from some to pay for the social issues gambling creates.
The avg super balance is $150k. If you earned $100kpa for 40yrs employer contribs would be $400k. A salary of $200k for 40yrs would have $800k employer contribs. The purpose of super is to help retirement via govt waiving tax on super. $2M would be a very generous tax waiver.
Well SA ruined racing with their approach
And albo and JEChalmers are attacking super balances. Their priorities are way off.
Ponder? I thought this was Chaser when I first read it. Sadly not satire
all those stupid betting adds must be keeping the TV stations alive
A turnover of $50b? That just explains how many losers are out there. Enough said