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Monopoly Pokie Machine

 
Monopoly Pokie Machine

In Australia, gambling operators are required by law to donate some of their revenue to the community and charitable purposes. In the state of Victoria, club pokies operators must document their contributions annually. This qualifies them for a reduction in gambling tax.

The Conversation found that clubs donated mostly to themselves in a 2019 article, which states that a number of club categories ‘community benefits’ as their own operating expenses.

This is permitted under the regulations but is at odds with the claim that clubs provide support to the community. In Victoria, the Victorian Responsible Gambling Foundation estimated the social costs of gambling in the state to be $7 billion in 2017. Gambling losses in the state were $5.5 billion, with state government revenue from gambling at $1.9 billion. The Victorian community benefits scheme is unique in its relative transparency.

Monopoly Pokie Machine

The pokie game accepts coin denominations of $0.01 up to $10 per line. In this pokie game, the wild is depicted by the Mr.Monopoly symbol that can substitute other symbols thereby triggering a payout combination. However, the wild cannot substitute the scatters. 5 wilds trigger the highest payout when they appear on active paylines. The proposed reforms include ending Federal Group's monopoly control on pokies ownership from 2023, allowing venues to apply for individual licences for machines and an increase to taxes on profits.

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Clubs are required by law to spend at least 8.33 per cent of total pokies losses on community contributions. This allows clubs to claim philanthropic, charitable or benevolent contributions, as well as operating expenses. If the target is met, clubs enjoy an 8.33 per cent tax break compared to hotel operators.