46 Views

Tasmania announces plan to outlaw lottery betting

New legislation is reportedly rapidly being written by the Tasmanian Government to ban lottery betting on the island state off Australia’s south coast.

In what has been reported as a move to protect the $30 million in lottery taxes the Tasmanian Government receives annually and the livelihood of some 92 registered retailers of TattsLotto tickets, the executive authority of the island state looks to join Western Australia and New South Wales in the sprint to outlaw lottery betting sites.

Local newspaper The Mercury reports the decision by the Government to write legislation banning online synthetic lotteries, such as digital competitor Lottoland, was applauded by newsagents. According to reports, the majority of Tasmania’s 92 outlets that are registered to provide lottery sales are newsagencies.

Also known as synthetic lotteries, lottery outcome betting is an online gambling model where rather than purchasing lottery tickets, players bet on an official lottery’s outcome.

Ben Kearney, Australian Lottery and Newsagents Association Tasmanian General Manager, reportedly said there was widespread concern by the sector regarding the rapid increase of online bookmakers and their effort to gain customers from registered lotteries already in place.

However, CEO of Lottoland, Nigel Birrell, says that there isn’t any evidence that they are significantly impacting sales in Australia or Europe. “For example, in Australia, Lottoland accounts for less than 1% of Tatts’ overall revenue. In the United Kingdom, both the Government (DCMS) and the Gambling Commission have both publically stated that there is no evidence to suggest that Lottoland is having an impact on the National Lottery or Good Causes – our sales account for less than 0.1% of Camelot’s revenues,” Birrell said.

Rather than hastily banning the business, operator Lottoland says, a point of consumption tax on the lottery business should be introduced by the Government.

The Mercury reports that Lottoland’s Australian Chief Executive Luke Brill said, “Over the next five years we estimate we will pay taxes in the realm of $50 million across Australia, some of which could flow back to Tasmania.”

Brill further stated, “Lottoland want to make a long-term contribution to the state and its people and is calling on the Government to introduce a tax framework that makes this possible.”

According to the report, about 800 Tasmanians are active users of synthetic lotteries.

Tasmania announces plan to outlaw lottery betting was last modified: October 13th, 2017 by K Morrison


Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

Legend Palace back in business after recovering from Typhoon Hato
Macau
52 views
Macau
52 views

Legend Palace back in business after recovering from Typhoon Hato

admin - October 28, 2017

Close to four weeks after closing due to Typhoon Hato, the Legend Palace Casino has now reopened. The Macau waterfront resort was subject to flooding when the…

Court rules LVS must go to trial in Macau concession case
Macau
39 views
Macau
39 views

Court rules LVS must go to trial in Macau concession case

admin - October 27, 2017

Local media are reporting that Macau’s Court of Second Instance has determined that Las Vegas Sands Corp (NYSE: LVS) must go to trial to defend an alleged…

Macau expecting quick recovery following Typhoon Hato
Macau
39 views
Macau
39 views

Macau expecting quick recovery following Typhoon Hato

admin - October 27, 2017

Hotels in Macau are reportedly expected to resume normal operations by early next month despite the impact of last week’s Typhoon Hato and the subsequent delay to…

Harry Fry signs with Betway as brand ambassador
United Kingdom
32 views
United Kingdom
32 views

Harry Fry signs with Betway as brand ambassador

admin - October 26, 2017

Harry Fry is a racehorse trainer who specializes in National Hunt racing and he recently signed a new brand ambassador deal with Betway. Fry will be using…

New law passes allowing sports betting in Andalusia
Gaming Law & Legislation
32 views
Gaming Law & Legislation
32 views

New law passes allowing sports betting in Andalusia

admin - October 25, 2017

In Spain, the Andalusia Gambling Regulations have reportedly been approved by the Governing Council. The Regional Government expects the new gaming rules to raise about €1.65m a…

United States Supreme Court schedules date to hear New Jersey PASPA case
Gaming Law & Legislation
53 views
Gaming Law & Legislation
53 views

United States Supreme Court schedules date to hear New Jersey PASPA case

admin - October 24, 2017

The United States Supreme Court has reportedly scheduled a date to hear oral arguments as part of the lawsuit brought by New Jersey that seeks to overturn…

Switzerland online gaming legislation passes final vote; could face referendum
Gaming Law & Legislation
92 views
Gaming Law & Legislation
92 views

Switzerland online gaming legislation passes final vote; could face referendum

admin - October 23, 2017

Switzerland’s new Money Gaming Act that will officially legalize online gambling in the European nation has passed the final vote in the country’s parliament. The new legislation,…

Genting’s World Dream cruise liner floated out in Germany
Macau
54 views
Macau
54 views

Genting’s World Dream cruise liner floated out in Germany

admin - October 22, 2017

Genting Cruise Lines celebrated the launch of their new World Dream vessel on Saturday, August 26. The ship was floated out of Meyer Werft shipyard in Papenburg,…

Macau junket operator announces proposed name change
Macau
30 views
Macau
30 views

Macau junket operator announces proposed name change

admin - October 20, 2017

After terminating an agreement with Macau casino operator Sands China Limited in July, junket operator Neptune Group Limited has now reportedly announced that it plans to change…

KPMG Isle of Man eGaming Summit 2017 Report
Gaming Law & Legislation
31 views
Gaming Law & Legislation
31 views

KPMG Isle of Man eGaming Summit 2017 Report

admin - October 17, 2017

Nearly 300 delegates converged on the Villa Marina in Douglas, Isle of Man on September 7 to attend KPMG’s annual Isle of Man eGaming Summit. The event…