The betting operations tax, effective from 1 July 2017, is a consumption tax of 15% on the Net Wagering Revenue (NWR) of betting companies offering services to South Australia.
All bets placed in South Australia with Australian-based betting companies will be liable for the tax.
The betting operations tax will apply to bets on horse, harness and greyhound racing, and bets on sports such as AFL, cricket and soccer. It also applies to other bets, such as those on the winner of the federal election or the Academy Awards.
A tax-free threshold of $150 000 NWR per year applies. Betting companies who expect their NWR to exceed $150 000 for the financial year must register on RevenueSA's online system.
Further information is available in the Guide to Betting Operations Tax.