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The Guardian - AU
The Guardian - AU
National
Eden Gillespie

Online bookies say Queensland betting tax increase could end up stripping $1.75bn from state’s revenue

General view of the field in race 2 the Birdsville Races Roadies class 3 plate during the 140th anniversary of the Birdsville Races. Two jockeys on two horses
Justin Madden says the Queensland treasury’s projections of a roughly $80m increase in funding from the tax are off by at least $50m. Photograph: James Ross/AAP

Australia’s peak body for online bookmakers has sought to pressure the Queensland government over its bid to widen its betting tax, claiming it “does not account” for measures companies may take that could strip $1.75bn from the state’s racing revenue.

The chief executive of Responsible Wagering Australia, Justin Madden, on Monday slammed the decision to increase the point of consumption tax during a parliamentary inquiry.

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