Northern Territory overhauls gambling taxes with 50% profit levy on online betting
The Northern Territory government has announced major changes to its gambling tax system. A flat 50% tax rate on profits from online betting, lotteries, ticket reselling, and matching will now apply. Officials claim the reforms will raise an extra AUD142 million in revenue for public services.
The new tax structure was introduced before the final findings of the Racing Industry Review. It also raises the revenue threshold for gambling units from AUD1 million to AUD2 million, starting in July. The government expects gambling tax income to climb by 25.5%, reaching AUD145 million in the next fiscal year.
The changes aim to create fairer competition across digital gambling platforms. Funds from the increased taxes will support community safety, infrastructure, and local services. Responsible Wagering Australia (RWA) has strongly criticised the move. CEO Kai Cantwell argued that the decision undermines ongoing regulatory reviews and weakens the Territory’s appeal to gambling operators. RWA also claimed the government failed to consult industry stakeholders, calling for more collaborative policy-making instead.
The Northern Territory’s tax overhaul will bring in significantly more revenue from gambling activities. The extra funds will go toward public projects and services. However, industry groups warn the changes could reduce the region’s competitiveness for betting businesses.
