But the corporate and its largely international-owned company bookmaker friends could see their gains in Australia nearly wiped out by betting level-of-use taxes introduced in each individual state and territory.
Study by Macquarie Prosperity Administration predicted The brand new taxes would wipe out pretty much many of the profits of the company bookmakers, who choose bets by way of their Web-sites, applications and phone centres only, except for Paddy Ability Betfair-owned Sportsbet.
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"The Queensland authorities's final decision to go after a considerably increased fifteen for every cent POCT will make it the very best helpful wagering tax price in the world. This punitively high tax level poses fast and considerable challenges on the previously parlous condition of racing in Queensland."
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Within a note to shoppers, Macquarie explained the new taxes could Expense the company bookies around $195 million and necessarily mean the likes of CrownBet, Ladbrokes and Bet365 would wrestle to break even.
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