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AAP
AAP
Sport
Marty Silk and Fraser Barton

Qld to widen gambling tax, impose new levy

Qld Cameron Dick Racing Queensland Queensland Tabcorp
A new gambling tax will ensure multinational betting firms support Queensland's racing industry. (AAP)

The Queensland government will lift taxes on bets to 20 per cent and funnel most of that income to the state's racing regulator in the upcoming budget.

Treasurer Cameron Dick says the point of consumption tax on wagering companies will rise from 15 per cent to 20 per cent and be broadened to include free and bonus bets in this month's budget.

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