Watch FIFA World Cup 2026™

LIVE, FREE and EXCLUSIVE starting June 12 2026

NSW govt plans new online gambling tax

The NSW government is set to announce a 10 per cent tax on all online bets in next week's budget, with the racing industry due to benefit from the proceeds.

Online gamblers in NSW will be slugged a 10 per cent tax on every bet they place in a new measure to be announced in next week's state budget.

The Berejiklian government could rake in about $100 million a year from the levy due to be imposed from January 1.

About two per cent - or $40 million - of the revenue raised will be set aside for the racing industry, The Australian reported on Wednesday.

"Following an extensive consultation period with stakeholders, this decision will resolve the disconnect between the jurisdiction where gambling activity occurs and where it is taxed," Treasurer Dominic Perrottet said.

"The introduction of a point of consumption tax is an important step to ensure that we are levelling the playing field given the wagering tax paid by onsite operators."

News that makes sense

Your trusted source for staying up-to-date with the world around you. Get free daily news updates and analysis, straight to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

The tax, which will affect digital bookmakers like Ladbrokes and Sportsbet, is similar to other measures planned by three other state governments.

In Victoria the tax will be eight per cent and in Queensland and South Australia, 15 per cent.

Western Australia and Tasmania are expected to follow in the coming months.


2 min read

Published

Source: AAP



Share this with family and friends


Get SBS News straight to your inbox

Sign up now for daily news from Australia and around the world. You can also subscribe to Insight's weekly newsletter for in-depth features and first-person stories.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Follow SBS News

Download our apps

Listen to our podcasts

Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS

SBS World News

Take a global view with Australia's most comprehensive world news service

Stream now

Watch the latest news videos from Australia and across the world