Australian Betting Taxes: Over Two Millions Collected during 1919-1920 Closing July I Last-How, Daily Racing Form, 1920-08-31

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AUSTRALIAN BETTING TAXES Over Tyo Millions Collected During 1919-1920 Closing July I Last How They Have Grown. SYDNEY, X. S. W., Australia, July 20. The government of Xew South Wales, Australia, derived a revenue of ,021,882 from betting taxes for the year y to July 1, 1920. In the previous year the taxes amounted to ,208,450. Of the former amount, bookmakers, racing clubs and ticket r.tamp duty gave SSMKI.732 and the totalizator ,115,150. The volume of betting was so. much heavier during the recent financial year that stamp duty was paid on 5,5SS,193 more tickets than in 191S-19, and the increase in revenue from that source was abount 03,320. If the suggestion of an increased ticket tax is carried out, it will be a big item this year. The amounts received from bookmakers indicate an increase in their ranks, and the racing clubs have also made much heavier payments from bookmakers fees than in 1918-19. As compared with 1917-1S the revenue received by the state from betting has more than doubled. For that year the total was 97,977, of which 14,010 came from the totalizator. Now the machine is contributing more than all the other sources.


Persistent Link: https://drf.uky.edu/catalog/1920s/drf1920083101/drf1920083101_1_7
Local Identifier: drf1920083101_1_7
Library of Congress Record: https://lccn.loc.gov/unk82075800