|
TAX
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NSW
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VIC
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QLD
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WA
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SA
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TAS
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NT
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ACT
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RACING TAXES:
ON-COURSE TOTALIZATOR TAX
Gross deduction from |
Win/Place/
60-20-20 - 14.25%
Quinella - 15.00%
Exacta - 17.00%
Doubles - 17.00%
Trifecta - 17.00%
Superfecta - 20.00%
(Includes 1.5% to RDF)
>From date of privatisation of the TAB the deduction
rate will be a = minimum of 16% over theyear. |
Privatised entity
Maximum of 16% over the year
|
Win/Place, Quinella, Forecast, 60/40, Stakes Return -
= 15%
Doubles, Trifecta, Trebles, Trio - 18% |
Participate in Supertab, for interstate racing and Perth
= gallops
Win/Place - 14.25%
Non-Supertab Win/Place average of 15.60%
Doubles, Quinella, Quartette, Trifecta, Sweepstakes,
Superfecta - = 20.00%
Favourite numbers -
25.00% |
Win/Place with Super TAB - 14.25%
Quinella - 14.50%
Doubles - 16.50%
Trebles, Trifecta, Fourtrella, Pick 4 -
20.00%*
* includes 1% of Doubles, 1.4% of Trebles, Trifecta,
Fourtrella and Pick = 4 to RIDA |
Win/Place combined with VICTAB 15%
Quinella - 15%
Doubles, Trifecta -
17%
Quadrella - 19% |
All Pools combined with NSW TAB Win/Place - 14.25%
Quinellas - 15.00%
Exacta - 17.00%
Doubles - 17.00%
Trifecta - 17.00%
Superfecta - 20.00% |
Win/Place linked to Super TAB - 14.25%
Trifecta - 17.00%
Other - 15.00%
Approximately 60% to 70% of Win/Place pools are Super
TAB pools (ACT, = NT, Vic, Tas, WA, SA). |
| Net percentage received
by = Government: |
Win/Place/60-20-20
Provincial - 5.25%
Quinella
Metropolitan - 6.00%
Provincial - 6.00%
Exacta
Metropolitan - 8.00%
Provincial - 8.00%
Doubles
Metropolitan - 8.00%
Provincial - 8.00%
Trifecta
Metropolitan - 7.00%
Provincial - 7.00%
Superfecta
8.5% for both areas of which 1.5% to Racing Assistance
Fund
Rebate all pools:
$0 - $10,000 - up to $500, thereafter sliding scale
in increments of = $500 cutting out at $35,000
(From date of privatisation of the TAB 28.2% of player
= loss). |
28.2% of player loss (gross
deduction)
(Minimum 84% returned to players) |
Win/Place,
Quinella
60/40, Stakes Return and Forecast -3.0%*
Other pools - 6.0%*
* includes 0.5% to RDF |
Abolished 28.6.96 |
Where the
sum of bets made with authorised racing = club:
i) < $30,000 - 1%
ii) Between $30,000 and $60,000
$300 plus 2% of excess over $30,000
iii) Between $60,000 and $120, 000
$900 plus 3% of excess over $60,000
iv) greater than $120,000
$2,700 plus 5.25% of excess over $120,000 |
Win/Place -
$0 - $10,000: Nil
$10,001 - $50,000: 2.0925%
>$50,000: 4.185%
Quinella, Daily, Double, Trifecta - 4.5%
Quadrella - 6.5%: |
50% of TAB
profits |
All pools - 5.75%
In addition clubs receive 3.5% and RDF 0.5%. |
OFF-COURSE TOTALIZATOR TAX
Gross deductions from investments:
|
As for on-course Totalizators
|
As for on-course Totalizators
|
Win/Place, Quinella -
15%
Double, Trifectas -
18%
First Four, Trebles -
20%
Sp. Multiple - 25%
Sport Tote, Tebanza -
25% |
As for on-course Totaliser.
|
Win/Place - 14.25%
Quinella: - 14.50%
Double - 16.50%
Pick 4, Treble, Fourtrella, Trifecta:
20.00% |
As for on-course Totalizators, except for Win/Place which
= is 14.25% |
As for on-course Totalizators
|
As for on-course Totalizators
|
|
TAX
|
NSW
|
VIC
|
QLD
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WA
|
SA
|
TAS
|
NT
|
ACT
|
| Net percentage received
by = Government: |
Win/Place/
60-20-20 - 6.75%
Quinella - 7.50%
Exacta - 9.50%
Doubles - 9.50%*
Trifecta - 8.50%*
Superfecta:
10.00% of which 1.5% to Racing Assistance Fund
* Includes 0.5% to RDF |
As for on-course Totalizators
|
Win/Place,
Quinella -
6%*
Other pools - 7%*
* includes 0.875% to RDF
|
All pools - 5% |
45% of TAB
profits on racing = investments. |
Win/Place - 4.185%
Other pools - as for on course. |
As for on-course
pools. |
As for on-course pools. |
BOOKMAKER'S TURNOVER TAX
Net percentage received by Government
Racing: |
All courses
- 1%
|
Metropolitan
- 2.0% of turnover
Country
- 1.5% of turnover |
All courses
- 1% |
All courses - 0.0%
|
Metropolitan
(Gross*)
Within SA - 1.57%
Interstate - 2.17%
Country (Gross*)
Within SA - 1.40%
Interstate - 1.97%
(* 1.4% of turnover is subsequently returned to clubs) |
On-Course
State events - 0.15%
Interstate events - 0.3%
|
All courses
1.55% for bets within Australia. Bets from = other than Australia 0.5% |
All Courses - 1.25%
|
| Sports Betting: |
Since April
1997 betting on sporting events has been = permitted in NSW. It is taxed
at:
1% for off course bookmakers;
6% for head to head betting where 3 outcomes are possible
= (win/lose/draw);
25% for multiple outcome events; and
25% for Footy Tab. |
Totalisator Sports Betting
Maximum deduction - 20%
Tax Rate - 28.2% of deduction
Fixed Odds Sports Betting
Tax Rate - 20% of player loss |
1%
NB: Athletic betting exempt
|
1%
Professional Foot Racing 2% |
1.75% (Gross)
(This amount is paid to the Recreation and Sport Fund) |
Telephone
On-Course
Telephone Sports -0.0%
Off-Course*
Australia & NZ: 0.3%
Other: 0.15%
* Paid to Sports Development Account |
0.5% bets
from Australia and New Zealand
0.25% All other |
1.25% of which 0.25% distributed to clubs.
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