Bren O'Brien

The Queensland budget has predicted that receipts from wagering taxes powered by its 20 per cent Point Of Consumption Tax will defy a national trend and exceed expectations by $82 million over the next four years.

Is there a bigger plan behind Stake.com founders Ed Craven and Bijan Tehrani's play for a greater interest in PointsBet or is it just part of a global trend of changing investment strategies in a wagering industry in flux, asks Bren O’Brien?

Australian punters will no longer be able to use credit cards to fund their betting accounts.

With the 2024 Australian yearling season now complete, the final stats are in and while averages and aggregates remain historically high, so too does the number of horses sent back to their vendors.

The wagering downturn continues to bite state governments with South Australia predicting a $15 million drop in revenue from its Point Of Consumption Tax regime over the current and next three financial years.

The walls are going up in American racing after Louisiana went it alone on a more relaxed approach to the medication of thoroughbreds and it is an important lesson for an Australian industry increasingly divided along state lines, writes Bren O’Brien.

Prime Minister Anthony Albanese insists reform of gambling promotion is important to his government despite a 12-month delay in implementing the parliament’s recommendations.