No Financial Wins For Us From Lottoland
Member for Port Macquarie, Leslie Williams is urging local residents to think carefully before investing their money in the online lottery service Lottoland.
Lottoland is run by a betting company based in Gibraltar and operates under the auspices of a Northern Territory bookmaker’s licence.
“The impact of Lottoland on existing newsagencies like those in Port Macquarie, the Camden Haven and in the Manning Valley is of growing concern and I am calling on the Commonwealth Government to crackdown on off shore operators like Lottoland,” Mrs Williams said.
“This is a direct threat to small business operators that provide a genuine service and pay taxes. We should be doing all we can to protect small business, not allowing online, unregulated companies operating a ‘fake’ lottery.
“Unlike legitimate small businesses, Lottoland pay no taxes and does not contribute to the building of schools, hospitals or roads in Australia.
“In the financial year of 2015/16, the return to NSW on taxes paid on lotteries was $361 million. Across Australia it is estimated that lotteries delivers $1.6 billion in taxes to state and territory governments,” Mrs Williams said.
“If you believe the advertising commercials, Lottoland looks like a normal lottery when in fact it is far from it. People need to be aware that their money is going overseas with no real benefit for our community.
“The Commonwealth Government needs to make amendments to the Interactive Gambling Act 2001 to prohibit ‘synthetic’ lotteries like Lottoland from operating in Australia,” Mrs Williams said.
Posted on 28 Thu, September, 2017
by Terry Sara filed under