Australia’s National Rugby League (NRL) plans to collect more than AUD20 million (US$14.73 million) annually following the implementation of the new online betting point-of-consumption tax (POCT) in the country’s three states.
The Sydney Morning Herald reported that the NRL had been lobbying the New South Wales (NSW) government for an annual windfall from the 10 percent online betting tax that the state will introduce next year. An NRL insider was quoted by the Aussie news outlet saying that it’s only fair for the league to get a slice of the POCT that the governments will collect from corporate bookmakers.
“[The tax] is something that is being brought in in every state and we will also be making strong representations in Queensland and Victoria, where our clubs are based,” the NRL insider said, according to the news outlet.
NRL follows in the footsteps of Racing NSW, which secured a legislative guarantee of AUD40 million ($29.48 million) a year from the POCT. The Peter V’Landy-led Racing NSW was able to convince the state government to give them a 2 percent cut of the tax imposed on wagers that NSW residents place on racing events.