New South Wales State Election Betting Pitches ALP Ahead Of Coalition

New South Wales State Election Betting Pitches ALP Ahead Of Coalition
© PA

Betting sites reckon the Australian Labor Party is on course to win back control of the New South Wales parliament with a narrow election victory next March, despite contrary suggestions in the polls.

The 2023 New South Wales election will pit Labor against Dominic Perrottet’s Lib/Nat coalition that has been in power in the state since 2011.

All 93 seats in the Legislative Assembly (the lower chamber of the parliament) are up for grabs, while 21 of the 42 seats in the Council (upper chamber) will also be voted on.

Chris Minns is the leader tasked with returning Labour to the state government for the first time in a decade, and needs 10 more seats to reach the magic 47 and secure a majority.

And Australian bookmakers are, for now, backing Minns to defeat Perrottet at the ballot box.

New South Wales State Election Odds

Odds from political betting sites price the ALP as favourites to win the 2023 NSW election at 1.75

However, the Coalition is running Labor close and is priced at 2.00. It suggests Labor has a 7% lead over the Lib\Nats, which is in fact the opposite to what the polls are predicting.

Indeed, with the New South Wales election many months away, the government is still leading in the latest voting intention data.

It is perhaps understandable that, after more than a decade in state government, and with PM Scott Morrison now ousted from the national parliament, that there is a growing appetite for a left-wing swing across the country. But the Coalition still leads 37-33 with the public.

Granted, that is a big drop from the 14-point poll lead the government had over Labor back in March 2021. But it is still a lead that is defendable.

NSW Election Issues

Campaigning is still a long way off but results of the recent Australian Federal Election point to a number of issues that candidates are likely to be quizzed about come March.

Six NSW House of Representatives seats flipped blue to red during the federal election, with concerns over the economy, climate, healthcare and jobs at the forefront of peoples’ minds.

In response to the damning federal election defeat, the Coalition government in NSW set out a raft of legislative proposals to try and prevent a flood of voters shifting to Labor. 

This included launching a women-focused economic programme, short-term cost-of-living relief and a hint at reforming the state’s tax system.

The 10-year, $3.7 billion investment in childcare and preschool funding also caught the eye – but nothing has completely overturned the polling trends that have steadily narrowed the two main contenders in this upcoming election.

Meanwhile, the Legalise Cannabis Party is seeking to run in the state election too. The fringe party received 501,421 primary votes in the recent federal election.