Gambling 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 research

“We’re seeing no profits….on the books”

Gambling is a huge fucking cancer on this society and I'm sick of it

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.