Racing Bets Levy Regulations 2009
On 1 October 2014, a differential racing bets levy structure was introduced, the turnover threshold was increased and changes were made to the manner in which premium racing is determined in Western Australia.
The turnover threshold was increased from $2.5 million to $3 million and a levy of only 1% applies to turnover up to this amount. The threshold is applied on a racing year basis.
The new differential levy rates, which only apply once the threshold is reached, are as follows:
- Pari-mutuel bets placed on standard race meetings levied at 1.5% of turnover;
- Pari-mutuel bets placed on premium race meetings levied at 2.5% of turnover;
- Betting exchange bets placed on standard race meetings levied at 1.5% of turnover;
- Betting exchange bets placed on premium race meetings levied at 2.5% of turnover;
- Non betting exchange fixed odds bets placed on standard race meetings levied at 2% of turnover;
- Non betting exchange fixed odds bets placed on premium race meetings levied at 3% of turnover.
A higher levy applies across all race codes and to any race meeting that is determined to be a premium race meeting. Premium race meetings are defined in the regulations on the basis of the value of stake money, as follows:
- Thoroughbred racing – any meeting that contains at least one race with stake money of $100,000;
- Harness racing – any meeting that contains at least one race with stake money of $50,000;
- Greyhound racing – any meeting that contains at least one race with stake money of $30,000.
Wagering operators who generate turnover of less than $1000 in any month will continue to be exempted from paying a levy in that month.
Racing Bets Levy Regulations 2009