Fuswoo@lemmy.world to Australia@aussie.zoneEnglish · 1 month agoGambling 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 researchaustraliainstitute.org.auexternal-linkmessage-square3linkfedilinkarrow-up129arrow-down11cross-posted to: [email protected]
arrow-up128arrow-down1external-linkGambling 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 researchaustraliainstitute.org.auFuswoo@lemmy.world to Australia@aussie.zoneEnglish · 1 month agomessage-square3linkfedilinkcross-posted to: [email protected]
minus-squareOwOarchist@pawb.sociallinkfedilinkEnglisharrow-up2·1 month agoWell, it is possible to have lots of income and no profit … if they have a lot of overhead expenses. I’m sure all the incessant advertising they do doesn’t come cheap, for example.
Well, it is possible to have lots of income and no profit … if they have a lot of overhead expenses. I’m sure all the incessant advertising they do doesn’t come cheap, for example.