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Eye-watering $75m jackpot Aussies have a chance at winning

Eye-watering $75m jackpot Aussies have a chance at winning

Herald Sun2 days ago
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Australians could have a chance at pocketing a $75 million jackpot after the figure climbed even higher when no one won it at $43m.
Tickets in the next draw of the $75m European Jackpot are available to Aussies via local company The Lottery Office until midnight AEST on Friday, July 4.
The luckiest numbers heading for the Main Number are 1, 17, 12, and 14, with the highest drawn first supplementary numbers being 5, 3, 1 and 2. The luckiest second supplementary numbers are 12, followed by 10 and 9.
It comes after a NSW man won $10k after coming within one number of winning $43 million in last weekend's draw of the European Jackpot.
The close call resulted in a Division 4 prize of $10,655 after the 61-year-old only paid $52.50 for his ticket.
'I will take my wife for dinner tonight. She's on crutches, she just got some pins and screws taken out of her ankle, so it's my shout this one,' the winner said.
Tickets in the next draw of the $75m European Jackpot are available to Aussies via local company The Lottery Office until midnight AEST on Friday, July 4.
He then said he had plans to go on a holiday with his winnings.
'Looking forward to slowing down a bit, and this money will make it a little more enjoyable,' he added.
The Lottery Office Chief Executive Officer Jaclyn Wood said Aussies were still in it to win it as last weekend's $43m jackpot rolled over to $75m this weekend.
'The man was one number off the entire jackpot, and with another draw coming this weekend, it could be an Aussie who goes one number better to walk away with the $75 million European Jackpot,' she said.
With eight of the top 10 cities with the highest proportion of playing customers compared to the population being located in NSW, another NSW winner could very well be on the cards.
However, taking the lead for the most active hotspot for the European Jackpot was Southport in Queensland.
It comes as Australia's largest lottery operator and one of the highest-performing lottery businesses in the world, The Lottery Corporation, is expected to report a 13 per cent decline in earnings to $628 million, according to a note from Citi analyst Adrian Lemme to investors.
With its full year results due next month, Powerball sales have deteriorated further over May and June given fewer blockbuster jackpots, Citi's report said.
Some of this may represent cannabilisation with Oz Lotto due to two factors including larger jackpots in that game generating more interest from punters.
It may also be due to some unwinding of excitement which included a $200 million and two $150 million jackpots earlier this year.
They said they expect the weakness in Powerball's sales to carry through to the first half of the new financial year.
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Taxes are the price we pay for civilisation, but they are also a tool we can use to change the shape of our economy, not just its size. As the Treasurer embarks upon a national tax reform debate, it's important that the Australian public thinks about what we actually want to tax and how much. Who is paying too little tax? Are we taxing the right things? These are all democratic questions as much as economic ones. Taxes are just one of the ways that governments raise the revenue needed to provide the hospitals, schools, roads, aged care and social safety nets Australians rely on. The more tax a government collects, the bigger the public sector it can sustain. But who we choose to tax and how much has profound implications for fairness and equity. The fact is, Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries. 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In fact, they are so low that they make it harder for those looking for work to find it because they don't have money to do basic things like travelling to interviews or buying professional clothing to present well at an interview. Australia spends less on the aged pension than most OECD nations, but we spend a hell of a lot giving superannuation tax concessions that mainly benefit the very wealthiest Australians. It makes no sense, but it's actually straightforward to fix. The decision to tax (or not) grog, cigarettes, wealth, gas exports, or greenhouse gas emissions has an enormous impact on public health, the gap between rich and poor and just how much extreme heat and weather we'll experience due to climate change. 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Budget restraint is important except when it comes to the tax they should pay. Australia currently collects more money from students paying HECS than it does from gas companies paying the Petroleum Resource Rent Tax and the gas export industry would like to keep it that way, after all in some cases Australia is giving its gas away to them for free. Post-World War II, when the economy grew, everyone benefited, with the bottom 90 per cent of Australians sharing around 90 per cent of the benefits of growth. But in the decade after the GFC, up to the pandemic, that trend radically reversed, and the top 10 per cent pocketed 93 per cent of the benefits. That makes it clear that Australians can't afford to leave the economists from the banks and the powerful business lobby groups to lead the tax reform debate. If Australians want an economy that delivers for a majority of its people, we must make it clear to our leaders we expect fairness to be at the heart of any reforms. Taxes are the price we pay for civilisation, but they are also a tool we can use to change the shape of our economy, not just its size. As the Treasurer embarks upon a national tax reform debate, it's important that the Australian public thinks about what we actually want to tax and how much. Who is paying too little tax? Are we taxing the right things? These are all democratic questions as much as economic ones. Taxes are just one of the ways that governments raise the revenue needed to provide the hospitals, schools, roads, aged care and social safety nets Australians rely on. The more tax a government collects, the bigger the public sector it can sustain. But who we choose to tax and how much has profound implications for fairness and equity. The fact is, Australia is one of the lowest-taxing countries in the developed world. Australia raises very little tax revenue compared to similar countries. If Australia were to collect the same amount of revenue from taxation as the OECD average, the Commonwealth would have had an extra $140 billion in revenue in 2023-24. Think what an additional $140 billion a year could deliver for your local emergency room, primary school, aged care facility or national park. Economists will tell you that we should tax the things we want less of and subsidise the things we want more of. In Norway, they tax the bejesus out of the gas industry and subsidise young people to attend university for free. In Australia, we subsidise the gas industry and charge our kids a fortune to get a university degree. We are one of the richest countries on Earth, yet our unemployment benefits are so low that those without a job are forced to skip meals and visits to the doctor and dentist. In fact, they are so low that they make it harder for those looking for work to find it because they don't have money to do basic things like travelling to interviews or buying professional clothing to present well at an interview. Australia spends less on the aged pension than most OECD nations, but we spend a hell of a lot giving superannuation tax concessions that mainly benefit the very wealthiest Australians. It makes no sense, but it's actually straightforward to fix. The decision to tax (or not) grog, cigarettes, wealth, gas exports, or greenhouse gas emissions has an enormous impact on public health, the gap between rich and poor and just how much extreme heat and weather we'll experience due to climate change. 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But is the GST the best way the Commonwealth can support the states to provide schools and hospitals? Could we be charging multinational gas companies more to export our gas overseas? Should we bring back an inheritance tax? Do we want to maintain an income tax system where almost 100 millionaires paid no income tax? How we choose to answer these questions could make Australia fairer, or it could entrench inequality for generations to come. Helpfully, the Australia Institute developed five key principles to help evaluate what a good tax looks like. Using these principles, measures like a super profits or windfall taxes make a lot of sense. As does a carbon tax and reducing tax concessions for property investors. The tax debate is always awash with the voices of the self-interested. The Business Council of Australia will only ever push for lower taxes on companies. READ MORE EBONY BENNETT: While also regularly calling on the government to reduce the budget deficit. Budget restraint is important except when it comes to the tax they should pay. Australia currently collects more money from students paying HECS than it does from gas companies paying the Petroleum Resource Rent Tax and the gas export industry would like to keep it that way, after all in some cases Australia is giving its gas away to them for free. Post-World War II, when the economy grew, everyone benefited, with the bottom 90 per cent of Australians sharing around 90 per cent of the benefits of growth. But in the decade after the GFC, up to the pandemic, that trend radically reversed, and the top 10 per cent pocketed 93 per cent of the benefits. That makes it clear that Australians can't afford to leave the economists from the banks and the powerful business lobby groups to lead the tax reform debate. If Australians want an economy that delivers for a majority of its people, we must make it clear to our leaders we expect fairness to be at the heart of any reforms.

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