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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.
3 Top Bitcoin Poker Sites -
Bitcoin, in particular, is a cryptocurrency that you can use on various online poker sites and it allows a faster and cheaper way to get money into and out of the online poker site.
Kentucky Derby Odds: Justify still Favorite -
With all the races on the Road to the Kentucky Derby complete, Justify is still on top of the odds list at 4/1. But he’s got company: Mendelssohn (9/2), Audible (11/2) and Magnum Moon (8/1) are all very much in contention for the big race on May 5.
888Poker Takes Over the States -
With more and more states moving toward online casino integration, an increasing number of international players are moving in on American territory. Who will take the crown of the most popular online poker venue in the United States?
Top gambling ICOs to watch this year -
The gambling ICOs that are being launched in 2018 are of better quality. Unlike the last half of 2017 when ICOs were numerous, the first few months of 2018 have seen a big drop in number.
MPN Poker Tour Bratislava | Day 2 -
It was a hard fight around the bubble, culminating in the elimination of Georgios Drakakis in 46th place. He received a surprise consolation entry into the next MPNPT stop in Sunny Beach, Bulgaria (5-8 July), which softened the blow of missing out on a €900 min-cash.
MPN Poker Tour Bratislava Day 1B -
Dorey Captures Chip Lead After MPNPT Bratislava Day 1b Triples 1a Field Size. The second flight of the €550 MPN Poker Tour Bratislava Main Event is in the bag, and so are the chips of 97 players who will be returning along with the 26 Day 1a survivors to fight to the money and beyond today
MPN Poker Tour Bratislava Day 1A -
The MPN Poker Tour has arrived in Bratislava for the very first time, bringing with it the Tour’s friendly mix of local and globe-trotting poker enthusiasts, pros and qualifiers to the beautiful Slovakian capital.
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