The purpose of this discussion paper is to seek views from industry and the community on current and future wagering and betting licensing arrangements in Victoria.
Information gathered through this process will help inform future wagering and betting licensing arrangements.
Read the discussion paper for an overview of the current licensing arrangements and the associated regulatory framework. The paper raises issues and questions designed to help you make a submission. You can raise other issues or provide additional information as long as they are relevant to wagering and betting licensing arrangements.
Your feedback will be considered in the design of the future Victorian wagering and betting licensing arrangements.
In July 2011, Tabcorp Wagering (Vic) Pty Ltd (Tabcorp) was awarded the Wagering and Betting Licence (licence) for 12 years beginning in August 2012 and ending on 15 August 2024.
The licence allows Tabcorp to:
- conduct pari-mutuel and fixed odds betting
- operate the only off-course retail wagering network in Victoria
- establish and operate a betting exchange, and
- conduct approved simulated racing events.
The licence required the licensee to enter into a Joint Venture Agreement (JVA) with the Victorian racing industry (VRI) for the duration of the licence. Under the JVA, a share of the revenue from wagering and betting conducted under the licence is paid to the VRI to support thoroughbred, harness and greyhound racing.
The VRI is a significant contributor to the Victorian economy. A industry study undertaken in 2013 found that racing provides almost $2.8 billion in economic contribution and supports over 26,000 full time equivalent jobs. The licence is a critical source of funding for the VRI and ensures the ongoing viability of racing in Victoria.
All submissions will be published on the Engage Victoria website.
Please ensure the submission does not include confidential, commercial-in-confidence or personal information. The department reserves the right not to publish any information that is defamatory, discriminatory or unrelated to the review project.
Submissions are due by 21 September 2018.