Do you read threads before pounding the keyboard or do you just randomly type stuff? Did I say it wasn't a lucrative business for them? I suggest you follow the thread a bit more closely. brettels was suggesting that Tatts and TABCorp were the giants in wagering in Australia. He also assumed that TABCorp "
should be triple what tatts revenue is at least". My point was to show that this is indeed incorrect. You have also conveniently overlooked the fact that the 124 million figure is
NOT PROFIT. It's EBIT. Want to know what the tax rate here is? Meh, I've already mentioned it in this thread.
In 2011 $25 billion was wagered in the horse and sports betting industry here. These two organisations didn't even account for 4% of that. Not sure how yet again you could be so horribly mistaken with what you've tried to interject in a conversation but having a basic understanding of a nation's policies and betting culture is probably a good first step.