❓ Inquires about the distribution of betting profits to racing, pacing, and chasing clubs after Racing and Wagering Western Australia takes control, specifically regarding profits from own race meetings, other races, and potential preference for WATC revenue.
AnsweredQoN 224Legislative Council
QuestionView source ↗
(1) Will racing, pacing and chasing clubs get the net profits from off course betting on their own race meetings when Racing and Wagering Western Australia takes control of the industry?
(2) How will net profits from betting on other race meetings, favourite numbers and sweepstakes be distributed?
(3) Will the WATC be given preference to revenue from Eastern States gallop betting over local trots and dogs?
(4) If so, why?
(2) How will net profits from betting on other race meetings, favourite numbers and sweepstakes be distributed?
(3) Will the WATC be given preference to revenue from Eastern States gallop betting over local trots and dogs?
(4) If so, why?
AnswerView source ↗
Answered
5 November 2002
Responded by
Minister for Racing and Gaming
Response time
21 days
Effective from 1 August 2005, racing clubs can expect to receive the net profits after taxes generated from off-course betting on their own race meetings, with net profits from betting on other race meetings, favourite numbers and sweepstakes to be distributed at the discretion of Racing and Wagering Western Australia.
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