RSS 
Share
Printer View 
Betting Duty
Betting Duty is charged on:
- the net stake receipts derived from the conduct of authorized betting on horse races by an authorized company;
- contributions or subscriptions to authorized cash-sweeps;
- the proceeds on lotteries conducted by an authorized company; and
- the net stake receipts derived from the conduct of authorized betting on football matches by an authorized company.
Winners of cash prizes from lucky draws are not required to pay betting duty.
The duty rates for various bets are as follows:
| Betting on Horse Races |
Cash-Sweeps | Lotteries (Mark Six) |
Betting on Football Matches | |||
|---|---|---|---|---|---|---|
| Duty Rate | Local bets on local horse races | Rate of duty % | 30% on the amount paid, contributed or subscribed |
25% on the amount of proceeds |
50% on the net stake receipts |
|
| (a) | On the first $11,000,000,000 of the net stake receipts | 72.5 | ||||
| (b) | On the next $1,000,000,000 of the net stake receipts | 73 | ||||
| (c) | On the next $1,000,000,000 of the net stake receipts | 73.5 | ||||
| (d) | On the next $1,000,000,000 of the net stake receipts | 74 | ||||
| (e) | On the next $1,000,000,000 of the net stake receipts | 74.5 | ||||
| (f) | On the remainder | 75 | ||||
| Local bets on non-local horse races | Rate of duty % | |||||
| (a) | Net Stake receipts | 72.5* | ||||
| *The rate of duty applicable to the bets on Non-local Horse Races comes into operation on 1 September 2013. | ||||||