Victorian government discloses the improved tax on pokies a month after introducing a 20-year “freeze” on pokie licenses. The Labour-led administration in Victoria has made an announcement on the new tax plan that will be targeting lucrative gambling operators and machines. The announcement took place on the 11th of August.
Minister of Gaming and Liquor Regulation for the Andrews Government, Marlene Kairouz made the announcement. From August 2022 any pokie machine within and if it generates between $6,667 and $12,500 in profits per month, they will be subjected to a distinctive tax bracket. By the year 2022, all slot machines in Victoria will be frozen.
Pokie Machine Taxes in Victoria
Moreover, various entertainment institutes such as pubs, hotels, and clubs operating high-performing machines, they will be charged a hefty annual tax. The new rating plan for pokie machine placement includes:
“The price for gaming machine entitlements will be calculated using a formula based on a weighted average of a venue’s gaming machine revenue over the past four financial years, with a minimum price applying to club and hotel entitlements. The price paid by new entrants to the market will be calculated using the average gaming machine revenue at a venue of similar size, type, and location.”
The Mining minister said that the tax will be put to good use such as helping Victoria become a better place to live in. she also suggests that entertainment place with pokie machine should invest in helping the Victorian community.
Victorian Government – Gambling Addiction Awareness
Victoria is a source for pokie addiction awareness campaigns within the years. The achievement was celebrated in Victoria. The controversy was accelerated in 2015, when the Victorian Commission for Gambling and Liquor Regulation (VCGLR) printed information that reveals that the citizens of the state had lost more than $2.5 billion with pokies in two consecutive years. So far things have been going exceptionally well.