I hadn’t realised that eg, Football Australia had signed contracts with sports betting related companies, and that they actually get a cut of each bet. And “The NRL earnt 50 million dollars last year from this agreement. It takes a 1-point-2 per cent commission from every bet in Australia on its games, more for riskier bets and gambling on big games like the State of Origin and finals. On some bets … the NRL can take 17.5 per cent of a bookmaker’s profit.”
They won’t want to do anything to reduce gambling. They are incentivised to increase gambling !!
Copying a post I did earlier in the week:
That 4 corners report was a bit of an eye opener.
I hadn’t realised that eg, Football Australia had signed contracts with sports betting related companies, and that they actually get a cut of each bet. And “The NRL earnt 50 million dollars last year from this agreement. It takes a 1-point-2 per cent commission from every bet in Australia on its games, more for riskier bets and gambling on big games like the State of Origin and finals. On some bets … the NRL can take 17.5 per cent of a bookmaker’s profit.”
They won’t want to do anything to reduce gambling. They are incentivised to increase gambling !!