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.

The research is actually from a fortnight ago… This post is the media release which has a link to the report if anyone is interested.

  • dustycups@aussie.zoneEnglish
    4·
    3 days ago

    The vast bulk of this money goes to the horse racing industry, not to little leagues and community sport.

    Ive got very mixed feelings about gambling $ going to little leagues and community sport. How about just taxing them & funding sport with that?