how can we have a discussion if you are making up facts
betfair currently pay 1.5% of turnover to aussie racing, this money is held in trust until the court decisions are ended -FACT
the tab pay around 6% of turnover to aussie racing, this is then reduced by the kickbacks to large punters and coporate bookmakers betting through the tab and then further reduced by a return of around 20 million a year to the tab by the racing industry -FACT this is all evidence in court cases
1.5% of turnover for betfair is 60% of gross revenue -FACT
justice perram in the federal court judgement
I think it is likely – much more likely in fact – that the TAB and RNSW have an in principle understanding or arrangement that the TAB will have the race fields fee refunded to it.
the 1.5% fee on turnover equates to 60% of Betfair’s gross revenue but only 10% of the TAB’s revenue.