Singapore betting tax flat in 2017/2018

Singapore raked in $2.7 billion ($1.99 billion) in betting taxes in the 2017/2018

Singapore raked in $2.7 billion ($1.99 billion) in betting taxes in the 2017/2018 financial year, unchanged from the year earlier.

This includes taxes from betting duty, the two casinos and private lotteries.

Overall tax revenue gained 6.8 percent in the year to $50.2 billion, according to the Inland Revenue Authority of Singapore (IRAS).

Singapore has two IRs – Marina Bay Sands and Resorts World Sentosa – and also offers sports betting and wagering through Singapore Pools.

Source: Asia Gaming Brief

   

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