Increased wagering and betting tax
The Government announced that wagering and betting tax will increase from 8 per cent to 10 per cent of net wagering revenue from 1 July 2021. The new tax rate is to enable the Government to lift the amount of net wagering revenue that is returned to the Victorian Racing Industry from 1.5 per cent to 3.5 per cent.

Point of consumption framework - keno service providers
The point of consumption framework will be extended to keno tax from 15 April 2022. All licensed keno service providers will be liable to pay tax on expenditure of customers located in Victoria, regardless of where the service provider is located or licensed, at the prevailing rate.

Distillery door grant
A distillery door grant will be introduced from 2021-22 for two years. The grant (capped at $5m per year) will be paid to eligible producers at the capped rate of $25 per litre of alcohol in eligible product sales sold through the distillery door. If the scheme is over-subscribed, the rebate per litre of alcohol will be reduced equally for all eligible applicants.