Australian bookmakers, including Tabcorp, Sportsbet, and Entain, have removed state-level soccer tournaments from their platforms in response to the Football Association’s proposed increase in product fees.
At the moment, betting companies are required to pay the Football Association a cut of their proceeds in the form of a 1% turnover or 15% of each quarterly gross profit.
Analysts estimate that this model has delivered around AU$9 million (US$5.8 million) to the Football Association over the past three years. Despite this, the current model expires on October 31.
According to the Financial Review, under the new structure, gambling companies would pay either 1% of turnover or up to 15% of gross profit per match, whichever of those is higher, for each game or appearance of the sponsored football team.
