Major gambling companies won $5 billion from Australian punters in 2023-24, yet told the Australian Taxation Office that they made next-to-no profit, according to New research released by The Australia Institute today.
Well, it is possible to have lots of income and no profit … if they have a lot of overhead expenses. I’m sure all the incessant advertising they do doesn’t come cheap, for example.
Well, it is possible to have lots of income and no profit … if they have a lot of overhead expenses. I’m sure all the incessant advertising they do doesn’t come cheap, for example.