AFL plan to extract more money from gambling faces potential legal challenge
Exclusive: Bookmakers consider fighting proposal to increase fees from 0.9% to 1.5% of turnover from most betsFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe AFL’s bid to secure a bigger share of gambling losses – despite public health warnings and criticism of sports betting – faces a potential legal challenge from bookmakers who believe it is already taking too much.A draft proposal sent to bookmakers shows the AFL wants to significantly increase the cut it takes from bets placed on its matches. The cut, known as a product fee, is a percentage of a bookmaker’s turnover or revenue, whichever is highest.Sign up for Guardian Australia’s breaking news email Continue reading...
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Exclusive: Bookmakers consider fighting proposal to increase fees from 0.9% to 1.5% of turnover from most bets
- Follow our Australia news live blog for latest updates
- Get our breaking news email, free app or daily news podcast
The AFL’s bid to secure a bigger share of gambling losses – despite public health warnings and criticism of sports betting – faces a potential legal challenge from bookmakers who believe it is already taking too much.
A draft proposal sent to bookmakers shows the AFL wants to significantly increase the cut it takes from bets placed on its matches. The cut, known as a product fee, is a percentage of a bookmaker’s turnover or revenue, whichever is highest.
Sign up for Guardian Australia’s breaking news email Continue reading...
