The Labor Government will sell-off the TAB with 35 per cent of the sale to be invested back into the racing industry.
The opposition have no plans of blocking the move with plans in place for a reform package for the racing industry which will include a point of consumption tax.
The Government will also set the point of consumption tax on betting in WA at 15 per cent, of which 30 per cent of the sale will be put back into the industry.
Racing Minister Paul Papalia said it was the most generous package in the country.
“This is going further than the ‘no worse off’ scenario,” Mr Papalia said.
The reform means online and foreign-owned corporate bookmakers will have to pay tax in WA for the first time.
$200 million to $1 billion could be fetched in the sale.