The Victorian Greens say fresh analysis of Labor’s 40-year lottery licence deal shows the Allan Government has prioritised a short-term budget fix and the profits of gambling corporations over the long-term interests of Victorians.
Analysis published today estimates the deal could hand billions of dollars in future profits to the Lottery Corporation over the life of the licence, after the Allan Government granted a 40-year extension without putting the licence to an open competitive tender.
The Lottery Corporation has donated $132,000 to the Australian Labor party since 2022.
The Greens said the deal is a total rip off and another example of Labor putting the interests of their big corporate donors ahead of the public interest while refusing to properly tax big corporations and gambling companies.
The Victorian Auditor-General is currently investigating whether the process delivered value for taxpayers.
As stated by Leader of the Victorian Greens, Ellen Sandell:
“Labor has treated Victoria like it’s having a garage sale.
“The Lottery Corporation has donated $132,000 to Labor – and Labor gives them special treatment while selling out Victorians’ futures.
“Labor has sold off decades of future revenue to paper over their short-term problems, in an election year, to give special treatment to their donors. Victorians deserve better than this
“Instead of funding our public schools, public housing and cost of living relief, Labor is boosting the profits of their corporate mates.”
