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Investigate by Macquarie Prosperity Management predicted the new taxes would wipe out pretty much many of the earnings of the corporate bookmakers, who take bets by means of their Internet websites, apps and contact centres only, except for Paddy Ability Betfair-owned Sportsbet.
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"The Queensland govt's determination to pursue a noticeably bigger 15 for every cent POCT will make it the very best helpful wagering tax amount on this planet. This punitively superior tax price poses rapid and significant hazards to your already parlous condition of racing in Queensland."
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In a very Take note to shoppers, Macquarie reported The brand new taxes could Value the corporate bookies around $195 million and suggest the likes of CrownBet, Ladbrokes and Bet365 would struggle to interrupt even.
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