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Macquarie predicted Sportsbet's EBIT would slump from $141 million to $seventy nine million, but admitted its modelling was rather "an unlikely consequence provided that the associated fee could possibly be partly handed on to buyers by reduced advertising and marketing [and] promotions and/or lifting yields".
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"There'll ... be major and extended-lasting outcomes for punters as well as racing business in NSW as being a consequence of the excessively significant tax rate," RWA executive director Stephen Conroy explained.
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Inside of a Take note website to consumers, Macquarie reported the new taxes could Charge the company bookies nearly $195 million and necessarily mean the likes of CrownBet, Ladbrokes and Bet365 would battle to break even.
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