LNP Leader Deb Frecklington said this week's State Budget revealed Labor will rip $366 million out of Queensland's wagering and racing industry over the next four years.
"Labor's budget of taxes, debt and unemployment confirmed that the Palaszczuk Government has failed to listen to Queensland's racing industry," Ms Frecklington said.
"Labor's wagering tax was meant to raise $30 million a year, at a rate that industry said would cost 300 jobs – it's now set to raise a whopping $100 million a year.
"The industry told Labor that a 15% tax was too high but instead of listening and working with the industry they decided to tax them even more.
"This is a broken election promise and a total breach of faith.
"Jackie Trad has shown how arrogant and out of touch she is with a massive tax grab on the wagering and racing industry.
"Hundreds of direct jobs are at risk and thousands of indirect jobs.
"Labor always thinks it can tax its way to growth but Queenslanders are always the losers."