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Aussie Punters Lose 4.87 Billion
Australians in the state of Victoria lived up to a reputation for being serious gamblers over the past year, according to statistics released this week by the Victorian Commission for Gambling Regulation which show that gamblers lost A$ 4.87 billion in the year to June 2008 on poker machines, lotteries, table games and sports betting.
State coffers benefitted significantly by garnering A$1.58 billion in gambling taxes.
Of that, A$1.58 billion flowed into government coffers in taxes and levies, the report, tabled in state parliament on Wednesday, shows.
Criticising the state government, the Victorian chapter of the Liberal Party of Australia said in a statement that the Commission's report demonstrates an over-reliance on gambling revenue to fund basic services.
The Shadow Minister for Gaming, Michael O'Brien, referred media to Appendix 14 of the 2007-08 Victorian Commission for Gambling Regulation Annual Report, saying, "...the reality of Labor's handling of the gaming portfolio - in 2007-08 Victorians lost a record A$4.87 billion on all forms of gambling, and they paid Premier John Brumby a record A$1.58 billion in taxes for the privilege."
He added: "Labor is now so dependent on gambling to fund basic services that its gaming tax collections are around the same as Victoria Police's annual budget.
"Victorians don't want police numbers dependent on pokie numbers. Hospital beds shouldn't rely on horse racing. The State Labor Government should be prepared to fund basic services without this over-reliance on gambling taxes.
"Unfortunately, with the slowing economy threatening to affect property taxes and GST revenue, the Brumby Government will be relying on gambling to plug its leaking budgets into the future," O'Brien claimed.
Gambling News :
Live Dealer Now At Slotocash -
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Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
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