Journalists Wandering Eyes Posted May 17, 2019 Journalists Share Posted May 17, 2019 Racing Minister Winston Peters has announced a repeal of the betting levy (racing totalisator duty) currently paid by the racing industry to the Crown. Peters made the pre-Budget announcement when opening the New Zealand Bloodstock Karaka May Sale in Auckland on Friday. Peters announced that payment of the levy to the Crown will be phased out over a three-year period, with freed-up funds to be redirected to the racing and sports sectors. The betting levy represents 4 percent of betting prof... View the full article Quote Link to comment Share on other sites More sharing options...
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