✍️ SIGN THE PETITION: Make gambling companies pay their fair share of tax!
Australia Institute research shows that three major gambling companies – Tabcorp, bet365 (Hillside), and Pointsbet – won $1.3 billion dollars from Australian gamblers in 2023-24, yet paid zero company tax.
bet365 (Hillside) and Pointsbet have never paid company tax in Australia despite winning over $2 billion.
The Murphy Review recommended a federal levy on online betting and now we know why: online betting companies are very good at winning money, and very good at convincing the ATO that they don’t make any profit and shouldn’t pay any tax.
Making gambling companies pay their fair share is not just about what’s right and raising revenue – it’s badly needed to address gambling harm and our world-leading gambling losses.
These are the same companies running predatory ads to get our kids hooked for life. And it’s working. Our research shows Australian teenagers are more likely to gamble than to play any of the most popular sports.
Stand up to the gambling industry. Add your name to the petition now!
- The five largest online wagering companies won $5.4 billion in 2023-24, but reported just $0.4 billion in profit (taxable income) and paid $0.1 billion in company tax, just 2% of their winnings.
- The big five spent at least $600 million on advertising and promotion in this period, six times more than they paid in company tax.
- These companies paid at most $700 million in state gambling taxes, some of which is earmarked for horse racing industry bodies that “invest” in promoting further wagering.
- These companies spent around $720 million on fees to sporting organisations, the vast majority of which goes to the horse racing industry. Media reports suggest the AFL and NRL collect $50 million each per year.
- Read more here
To the Hon. Anika Wells MP, Minister for Sports and Communications and the Hon. Jim Chalmers MP, Treasurer --
Australia Institute research shows five of the gambling industries biggest operators raked in $5.4 billion in a single year while paying just $107 million in company income tax. That's only 2% of their combined total income.
We call on the Australian government to implement a federal levy on gambling companies and make them pay their fair share!