The Australian Lottery operations are all up in arms over a strategy to use lottery games to fund the country’s Olympics sports program.
The Australian made a report that the ALNA (Newsagents Association) and the Australian Lottery have been sounding alarmed bells over a proposed plan mentioned above. The plan is to have the sports lottery industry in Australia fund for an Olympic revival. People were given until the 31st of July to submit their suggestions with regards to the Australian government’s proposal. The sports Minister, Greg Hunt, reported to the media that this is a viable option that the government is considering.
Australian Lottery Funding – The effects
On the other side of the coin, ANLA contradicts with the proposed plan. They say that the allocation of lottery taxes to the sports program will affect the funds that currently go to schools, charities and hospitals. Recent data reflected that approximately AU$1.6 billion in lottery taxes is forwarded to the government of Australia. The association chief executive, Adam Joy also told the media that the proposed plan does not make sense for them to take it away from schools, charities and hospitals, only to fund sporting activities.
Furthermore, Joy suggested that the Aussie government should instead impose a point of consumption tax on internet betting operators than making the lottery funds benefit the sports industry. To support this, he mentioned that the online casino operators are significantly benefiting from sports betting in Australia. Therefore, they must also play a role in supporting it.
In 2016, the sports commission of Australia (ASC) must have duplicated the National Lottery Scheme in the UK. Their scheme played a key role in the positive campaign of the British Athletes in the Rio Olympics. At the Olympics, Aussie ranked number ten with eleven silver medals, eight gold and ten bronze.
Being inspired by the UK’s success at the Olympics last year, the Australian Sports Commission pointed that a similar scheme will not only assist in funding the athletes. More so, the move will make it possible for Australia to reach its target of being part of the top five in the 2020 Olympics. We at Casino Australia will do all we can to keep Australian players updated on this matter. So for the top casino news – both local and international, we have you covered!