State budget suggests Minns government is addicted to pokies revenue, with tax take predicted to jump from $1.6bn to $2.2bn annually within four years
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Anti-gambling advocates say surging tax revenue from poker machines in New South Wales is a betrayal of the Minns government’s promise to reform the industry.
Tuesday’s state budget forecasts the annual revenue from all gambling taxes will rise from $3.8bn in 2025-26 to $4.7bn by 2029-30. That includes an annual rise in revenue from poker machines in pubs and hotels of 7.5%, outstripping inflation, meaning the government expects to pocket $2.2bn from pokies in 2029-30 compared with $1.6bn this financial year.
Continue reading...This article was originally published by The Guardian and written by Penry Buckley.
Read original article on The Guardian