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TOTALISATOR RETURNS.

ELLERSLIE TOTAL £439,862. The amount of money invested on the totalisator during the seven days’ racing carnival in Auckland, which concluded on Tuesday, totalled £652,450. Of this (states the “ New Zealand Herald ”) the sum of £439,362 was invested on the machine at the Auckland Racing Club's four days' meeting at Ellerslie, and £213,118 went through the totalisator at the three days' meeting of the Auckland Trotting Club at Alexandra Park. The latter is an increase ower the previous summer meeting The figures recorded during the carnival just closed were £49,617 10s below those registered for the ,1920-21 summer carnival when a record whs established. £709,097 10s being invested on the machine in seven uaj's. The receipts, however, are considerably ahead of those experienced for the corresponding periods in the 1919-20 and 1918-19 seasons, when the amounts invested were £609,175 and £369,521 respectively. The increase in the Government tax on stakes and dividends, passed during the present session of Parliament, operated throughout the recent carnival, but the increase in the amusement tax did not come irto force until January 1. The result of the increases is that the Government will reap a substantial sum. The ordinary totalisator tax at Ellerslie amounted to £10,934, and the tax on dividends to £19,772, or a total of £30,759. In addition to these sums the Auckland Racing Club pays to the Government taxation on stakes to the amount of £3075. The revenue derived by the Government irom the Auckland Trotting Club’s summer meeting to £14.917, being made up by £5327 ordinary 2£ per cent tax on the gross totalisator receipts, and 5 per cent tax on dividends. The total amount levied in this way for the two meetings was £45.G76. exclusive of the tax on stakes and admission tickets. Last year the Government received £33,236 from this source, or £12,440 less than this year’s yield.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/TS19220106.2.64

Bibliographic details

Star (Christchurch), Issue 16625, 6 January 1922, Page 7

Word Count
312

TOTALISATOR RETURNS. Star (Christchurch), Issue 16625, 6 January 1922, Page 7

TOTALISATOR RETURNS. Star (Christchurch), Issue 16625, 6 January 1922, Page 7