Nsw Poker Machine Revenue
Across NSW, clubs netted a combined $1.21 billion in poker machine profits during the six month period – down 37.6 per cent from $1.9 billion during the same period last year. Mounties Club at Mount Pritchard was one of the top earning clubs for poker machine profits. Collected by Revenue NSW on behalf of Liquor and Gaming NSW and in accordance with the Gaming Machine Tax Act 2001 No 72. Paying taxes If you operate gaming machines, you must pay the gaming machine tax quarterly by direct debit. NSW government revenue raising from racing, poker machine playing and lotteries has expanded significantly during this century (pp.21-33) the development of casinos in Australia and in New South Wales is outlined (pp.33-38). Panthers also paid out $47 million in wages and employment benefits and paid the NSW government $28 million in poker machine tax. Poker machine revenue accounts for an amazing 81% of the St.
New data released on September 30 has revealed that COVID-19 closures had a significant impact on poker machine use across the Goulburn region. READ ALSO: Community organisations can now apply for new clubgrants funding The report, released by Liquor and Gaming NSW, outlined the latest gaming machine data across the state. From December 1, 2019 to May 31, 2020 clubs in the Goulburn Mulwaree and Upper Lachlan Local Government Areas totalled $5,548,005.88 in net profit from 386 electronic gaming machines over seven premises. From January 1, 2020 to June 30, 2020 hotels in the Goulburn Mulwaree brought in a net profit of $1,690,742.18 from 105 electronic gaming machines over eight premises. These figures were down compared to reports released last year. Goulburn Mulwaree clubs from June 1, 2019 to November 30, 2019 took in $9,010,970.66 net profit and paid $1,513,664.24 in tax. Hotels in Goulburn Mulwaree and the Upper Lachlan were also impacted. For the period of July 1, 2019 to December 31, 2019 they recorded $3,102,265 in net profit and paid $782,489 tax. CHECK OUT: Cannabis lands Goulburn motorist in court for the fourth time A Liquor and Gaming NSW spokesperson said the net profit figures across NSW showed significant decreases in gaming machine profits. 'This coincides with restrictions placed on gaming venues as a result of the COVID-19 Public Health Orders, including a 10-week closure of all gaming venues from March 23 to May 31,' they said. State-wide compared to the previous six-month period: Compared to the same six-month period across NSW in 2019: Tax adjustments for 2019-20 are yet to be finalised. READ MORE: Woman urged to take the reins in agricultural leadershipWe're responsible for administering, collecting and managing debts of gaming and wagering tax payable in NSW, on behalf of Liquor and Gaming NSW.
Find out more about COVID-19 (coronavirus) and gaming machine tax.
The taxes applied to gaming and wagering in NSW are based on:
- what kind of gambling is being offered
- who's providing the gambling services.
Gambling tax rates
Nsw Poker Machine Revenue Calculator
| Type | Description | Tax applied |
|---|---|---|
| Totalizator | A system that allows people to bet on outcomes and distributes betting revenue to the winning bets. | Percentage of player losses – ie bets placed less payouts. |
| Fixed odds | An operator agrees to pay specified amounts against specified events. | Rates vary. |
| Public lottery | A game of chance including a game such as lotteries, keno and soccer football pool. | Rates vary. |
| Point of consumption | Payable on all bets made by customers who are located in NSW. | 10 per cent of the net NSW wagering revenue that exceeds the financial year threshold |
Legislation
Nsw Poker Machine Revenue Report
Gambling taxes are regulated under the following legislation.