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Analysis by Macquarie Wealth Administration predicted the new taxes would wipe out almost all of the gains of the corporate bookmakers, who acquire bets via their Internet websites, apps and simply call centres only, apart from Paddy Ability Betfair-owned Sportsbet.
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But the company bookmakers' agent group, Accountable Wagering Australia, reported the introduction of the new taxes in Queensland and NSW would allow it to be hard for its associates to service buyers in These states.
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Within a note to consumers, Macquarie reported the new taxes could Charge the corporate bookies up to $195 million and necessarily mean the likes of CrownBet, Ladbrokes and Bet365 would wrestle to break even.
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