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SA punters will pay more: Sportsbet

AAP logoAAP 2/08/2016

Placing a bet will be more expensive for South Australians than anyone else in the country when a new state government tax is introduced, online agency Sportsbet says.

The agency has reached out to local punters by email, urging them to oppose the tax of 15 per cent on the net wagering revenue of all betting companies offering services in the state.

The tax, which applies from mid-2017, will mean worse odds, fewer promotions and less money for SA punters, Sportsbet says.

"We need your help to send a strong message to your local MP, that an addition tax that punishes South Australian punters is not acceptable," it added.

The tax will be the first in Australia to be based on where bets are placed, rather than where a betting agency is based.

It will apply to bets on horses, harness and greyhound racing, and sports like the AFL, cricket and soccer.

Treasurer Tom Koutsantonis argues it's only fair betting agencies pay taxes wherever they are making money, "not in whichever jurisdiction their head officer and servers happen to be located".

The tax is expected to raise $9.2 million a year for the government.

Some $500,000 each year will be paid onto a rehabilitation fund for gamblers.

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