But the company and its primarily overseas-owned company bookmaker peers could see their earnings in Australia virtually worn out by betting point-of-use taxes announced in each individual state and territory.
Macquarie predicted Sportsbet's EBIT would slump from $141 million to $79 million, but admitted its modelling was somewhat "an not likely end result on condition that the expense can be partially handed on to consumers through decreased advertising and marketing [and] promotions and/or lifting yields".
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