How a new Queensland law targets a 'crucial part' of the gambling industry's marketing machine

abc.net.au/news/qld-law-gambling-companies-deducting-free-bets-tax/101716820You've seen the offers from bookies promising to "double your deposit" or refund your bet "if your horse runs second".

But, as a consequence, gambling companies have threatened to slash odds, remove Queensland races from their home screens or cut back betting incentives in the state.A free bet – aka "bonus bet" or "credit" – is the extra $100 you get under those 'deposit a $100, play with $200 offers", or the $50 bet you "got back" because your horse finished second.

Simply, that means: made-up money that can't be withdrawn from the app or used for anything except making a bet. Among other things, the laws change the calculation of taxable wagering revenue; currently that's the money the company receives in bets minus the amount it pays out.

PalletJack thinks she can regulate offshore gambling companies... 😂😂😂 LaborFantasy

tax something to fix something, must be socialists

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