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This is partially offsetting good mass market growth with gaming in Q2 up 27 per cent, or three per cent excluding Adjarabet. Adjarabet revenues are mainly derived from gaming and Flutter stated pelasure with how the business is performing since acquisition with proforma gaming revenue up 25 per cent, in constant currency, on the prior comparative period.
Sports revenue was flat year on year, with sportsbook increasing by one per cent and exchange and B2B revenues declining by two per cent. We are delighted with this performance, and have been encouraged by the regulatory momentum that has seen 10 states regulate online sports betting since the repeal of PASPA. We have recently gone live in Pennsylvania, where we are one of the first operators to launch online, and we hope to replicate our success there too.
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Tax grab from SA 3. Corporate bookmakers should be paying more tax 4. The NT gambling commission is a shambles and the bookies have them over a barrel 5. The federal government should be getting involved. Just this week I sat down with 2 gov agencies to share my views. The government is so far behind on understanding the gambling environment that it will be a very long time before they involve themselves by setting concrete taxes and laws.
The SA gov know this and they clearly want to get in early and grab what they can. It is a clear tax grab and as you said, it will set a precedent for other states to follow WA and QLD already looking into it. You ask if there are other industries that charge transaction fees or taxes from crossing state lines.
It happens in retail all the time, Amazon even charge a Cross-Border processing fee. Other industries do the same. So a POC tax really is not new. Just like the current taxes and product fees are already in the odds you receive from your bookmaker. I did write an article recently about the product fees that Australian bookmakers need to pay. As mentioned above, the government is so far behind the 8 ball on this that it will take a very long time before they do anything.
Bookmakers rely on this to continue to make massive profits. Racing will take care of themselves as it needs gambling to survive, but other Australian sports are not reliant on the gambling dollar so they will not push for minimum bet laws and other punters rights. I highlighted Sportsbet in the article simply because they are the ones taking the lead on this issue.
But they know that they can turn profits on whenever they want by cutting down on marketing costs. They are spending because the environment currently allows it and the ROI of advertising right now is huge and they know eventually it will end. As you mention, the TV networks are going to do everything they can to keep the status quo. I only shared my opinion because the other side needs to be heard. By people reading my view and your view and the others that have commented on the blog and on social media, they can come to a more rounded understanding of what is a very complex issue.
Thanks again for taking the time to post and sharing your thoughts on the issue, I wish others in the industry followed suit. I know certain politicians target the bookies like Xenophon restricting them from offering sign up Bonuses etc in certain states.
Surely this would make the bookies think twice about what they offer as yes they will make profit from the problem gambler but in turn will be behind with winning punters. One other thing I think they should legislate is that the bookies have to clearly display on the home page of any members account their profit and loss since account opened.
This will make it clearer to the problem gambler how much money they have lost since they started betting. The winning punter will know anyway as they are more disciplined. We live in a world of political correctness where discrimination is rightly legislated against yet the bookies are constantly allowed discriminate against the profitable punter.
Same odds promos bonuses etc?? This would be the dream scenario. But the government are really really slow and so far behind it will take many years before this is how it is run. The IGA report was released a few months back now and did offer some suggestions. It will be a requirement that bookmakers give all members a monthly statement of their betting profit and loss. There will be a national self-exclusion website also.
I also brought up the exact same point with Barry when I was consulted on the issue. Saying if these bonuses were open to all and no accounts can be banned, it would fix many of the issues we already see. In summary I agree that the overall situation needs government intervention as a few, including Steve, have mentioned.
This, however, is not the intervention that is needed. It is a blatant exercise in greed from a government bereft of both ideas and integrity. And to hear the decision applauded basically floors me. The only place a proper business derives its profits from is its customers, there is no other source note I have said proper — not a front operation, a tax loss scam etc etc.
Increase running costs and the business needs to recoup those costs, they must pass those costs onto the client unless they accept a cut in profit. And, as an aside, in this case just think of the hyenas that we are dealing with here. So IMHO the customer will pay. Prices offered will be reduced, maybe infinitesimally and it will be across the board as all corps are affected and so invisible. At the moment, as far as I can understand, this decision will only affect those domiciled in SA. The proof will be in watching what Betfair does with its commission structure.
IMHO, the more widespread this grab becomes the more punting will simply move offshore. It is a world economy now and impossible to ringfence anything for those serious enough to be big customers. It really is discrimination against the winning punter. One rule for all. Yet as can be seen with the government with nbn and census they really can stuff things up.
Curious how much for your nrl afl nfl packages per month? Pricing is a hard one, need to come up with a price that suits members and allows the business to make a profit. So doing the maths. So last two SP years have produced Taking sub fees into account is really important and I mention that in our second year review.
I think we all agree that this is not the best way to tax the bookies and it should be a government thing and not left up to the states, there should be one standard for taxes, bonuses, advertising, so on. Your also right that in the end the customer always pays. But this industry is currently very competitive and some bookies are happy to take losses now because they know future rewards will be there.
How much burden do gambling companies place on the economy? What will really happen when the tax is passed? Worse odds: The bookmakers are trying to say that any extra tax they have to pay will be passed onto their customers in the form of worse odds. What will really happen with the Waterhouse More Joyous scandal? Jimmy27 says:. August 2, at pm. Ken says:.
August 3, at pm. Steve says:. August 4, at pm. Flash says:. August 5, at am. August 6, at am. Luke Anders says:. August 8, at pm. August 11, at am. August 11, at pm. August 12, at pm. August 13, at pm. Matt Crawley says:.
August 17, at am.
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You must register and submit your returns online for RGD or if you hold a remote operating licence. This will include any freeplays you offer. Check Notice a for more information about this. A gaming provider is the person who a player has a contract or similar arrangement for play with. Tax is charged as a percentage of profits.
Profits may be calculated as stakes received from UK people where appropriate less winnings paid out to UK people where appropriate. You can register online for all the taxes using the Gambling Tax Service. Read more about how to register online. HMRC may ask for a security if you need to appoint a representative in the UK or your business has a history of poor compliance with their gambling tax obligations.
If your business is a member of a group you do not need to appoint a representative in the UK. A standard accounting period is 3 whole calendar months starting on the first day of the first month and ending on the last day of the third month. If you prefer, you can apply to HMRC to follow non-standard accounting periods. HMRC will only agree to non-standard accounting periods if you:. If you wish to continue with non-standard accounting periods after the end of the eighth period you should, during the seventh period, give HMRC a further 8 non-standard period end dates.
Without this notification, you will automatically revert back to the standard accounting period after the eighth non-standard period. You should fill in and send back your return with your payment no later than 30 days from the end of your accounting period.
If the 30th day falls on a weekend or bank holiday, your return and payment are due by the end of the previous working day. You can fill in an online return using Gambling Tax Service GTS immediately after the end of your quarterly accounting period. Read GTS online service guide for more information about using online services. If you fill in paper returns, HMRC will send you a form shortly after the end of your accounting period.
Find more on how to pay. If you were due to, but have not filled in a return for any period before 1 December , you may be charged penalties. If you need a return for an accounting period ending on or before 30 November , you can contact HMRC by phone.
You must tell HMRC about any changes or mistakes in your registration application within one month of the date you registered, or within one month of the change happening, whichever is the later. Changes you need to tell HMRC about include:. If you want to de-register either as an individual or group, you must tell HMRC 14 days before the event. We will need to know:. Read more about making changes online. Find out more about penalties you may have to pay HMRC. If you have been given a penalty and you think it is wrong, you can send an appeal to HMRC.
You should keep your records for 4 years as HMRC might ask to see them. Use the links below to see the records you need to keep for each of the taxes. Section 8 of Notice a: General Betting Duty. Section 9 of Notice a: Pool Betting Duty. Section 8 of Notice a: Remote Gaming Duty. New paragraph 'Accounting periods' added to the page and amendments made to 'When and how to register' and 'When to fill in returns and make payments'.
To help us improve GOV. Before online gambling was a little like the wild west, companies could set up wherever they wanted to to offer betting services to the UK. The Gambling Act created a new body, the Gambling Commission , with a remit to regulate and license all forms of gambling in the UK to make it safer and more transparent for customers and the government. Betting companies based abroad however, while now licensed, could still get away with paying little or no tax on the profits they made from UK customers.
This in effect made it unfair to companies based in the UK who would still have to pay tax on revenue. Therefore in an amendment to the gambling act focused specifically on online betting by introducing a new point of consumption tax. It is true that most operators simply passed these charges onto the customer in the form of poorer odds but this at least created a level playing field.
The new tax is basically the government trying to get a bigger slice of this pie. Gambling can cause harm to some people, and as with alcohol or cigarettes it is fair to tax it at a special rate, but only as long as the levy is used properly, for things like helping with gambling addiction.
If this is the case most will not mind the new rate, if however it is just a tool for the treasury to get more cash then it will ultimately be the punter that loses out the most. At this point the language is a little ambiguous. In theory this should mean it will not apply to sports betting online, and only to online gaming.
It all depends on how the new tax is formatted however. We will know more in the coming months and will update this page as new relevant information becomes available. Assuming the tax will only apply to gaming then it will only effect those that predominantly play games online, not sports bettors. Players and punters will notice little difference on the face of it at least.
The same games will be available and as yet no stake limits or other restrictions have been proposed that will change the nature of how people play games online. What will change is the odds you get and the percentage return to player from within games. Largely the new tax will be passed on directly to the customer and this will mean you will get less value, i.
Fixed-odds games already have lower margins than sports bets, simply because there is less variability to take account of. A sports market is influenced by many human and environmental factors that do not matter when it comes to games.
Therefore even with this new tax a spin of the reels on a slot game is still going to be better value on an individual bet basis than a sports bet. It is easy to change the odds of a slot game by tweaking the software algorithms to ensure less winning lines.