Tuesday, 31 May 2011
Monday, 2 May 2011
Finance & Economic Aspects of Gambling in Tasmania
There’s no denying that the election of Andrew Wilkie to a position on the cross benches in a Parliament with a minority Government has propelled the issue of gambling into the public policy spotlight.
And rightly so.
It is a many faceted issue.
The obvious social implications of gambling are foremost in most discussions.
But there is also a fiscal aspect to gambling as it raises about 11% of total State taxes, about $100 million out of total State taxes of $880 million for 2010.
Lotteries, wagering and Betfair produced $40 million of State revenue, leaving $60 million raised by table gaming, keno and electronic gaming machines (EGMs).