Project

NSW Lotteries Duties

PROJECT STATUS
Prospective
NSW Lotteries Duties

In the lead-up to the 2020-21 NSW Budget, the NSW Government announced a scoping study would be undertaken into the potential sale of its lotteries duties revenue stream.

The 2020-21 Budget reported that lotteries and lotto duties for 2019-20 financial year has been $473 million, with the revenue estimated to increase to $521 million by 2023-24 at an average growth rate of 2.4 per cent.

Key Dates

Nov 2020 Scoping study announced

Procurement

Procuring Agency: New South Wales Treasury
Related contracts:
Accounting and Tax Advisor
Successful Tenderer - Ernst & Young

Financial Advisor
Successful Tenderer - Bank of America

Legal Advisor
Successful Tenderer - Herbert Smith Freehills

PROJECT HISTORY

Nov 2020 In the lead up to the 2020-21 NSW Budget, the State Treasury announced a scoping study would be undertaken into its lotteries duty revenue stream.
Nov 2020 The 2020-21 Budget reported that lotteries and lotto duties for 2019-20 financial year has been $473 million, with the revenue estimated to increase to $521 million by 2023-24 at an average growth rate of 2.4 per cent.
Jan 2021 New South Wales Treasury announced the appointment of its Financial Advisor, Legal Advisor and Accounting and Tax Advisor to support the scoping study.
Sector
Other
Procurement approach
Brownfield transaction |
Location
New South Wales |
Resources
Media releases
2021/01/21
2020/11/16