Sportsbetting is one of the most popular types of gambling across Australia. As such, it is important that there is a comprehensive framework in place to ensure that players remain safe while placing wagers on their favourite sports and that sports remain free of corruption. To ensure this, Tatts Group has teamed up with the Queensland government and Racing Queensland (RQ).

“We believe the new model builds a true partnership approach between RQ, the Government and Tatts to drive a prosperous future for racing in Queensland through a sustainable model that recognises the needs of all participants,” says Robbie Cooke, CEO of Tatts Group. Cooke believes that this partnership will put Tatts Group in the ideal position to combat betting operators across the country that do not treat players fairly.

This will help to ensure that Queensland gambling market remains safe and secure for players across the state. Several tax cuts have occurred in order to keep betting revenue within the state. The tax rate for pari-muteul betting has dropped from 20% to 14% while the tax rate on fixed-price betting has dropped from 20% to 10%.

This will ensure that operators within Queensland will make the most of in-state opportunities, which will provide the government with more generous funding for public programs. The deal will also extend Tatts Group’s betting license. The group’s license has now been extended by 61 years, which matches Tatts Group’s race wagering license. Now, both run until June 30, 2098.

The news has been quite well-received in the Australian gambling market. Upon announcing the new partnership, Tatts Group’s stocks soared. On the other hand, competitor TabCorp’s shares have dropped significantly.

About the Author

George Anderson
Author George, has over 25+ years’ experience in the Pokies and Casinos industry throughout Australia and New Zealand. Loves to research new Pokies games on the block and follows announcements from top industry providers about their upcoming releases. As soon as a new interesting pokie game appears on his radar, George is there to check it out and give you the scoop before anyone else and tell you about all casino sites where can play the latest game. Before this gig, George worked as Pokie game tester, making him an ideal candidate for this genre of work. He is also an animal lover and a proud owner of three dogs.