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- freodockers November 18
- Gilgamesh November 19
- JayJay November 18
- Markovina November 19
- sonny November 17
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GP- 4yo Championship (Gp3)
Harness & Greyhounds
GP
Race 1- October Reign, Bee Jays Boy, Joey James, Longreach Bay
Race 2- Sheez Our Hope, Five Bangles, Mighthavtime, Joelene
Race 3- Floewriter, Whataretheodds, Brickies Dream, Rockmyster
Race 4- Steel The Show, Arma Einstein, Minstrel, The Code Breaker
Race 5- Tricky Miki, Youre So Fine, Alcopony, Bellissimo Acquisto
Race 6- Sugar Street, Master Publisher, Loucid Dreams, Cut n Run
Race 7- Machnificent, Stamford, Tiger Royal, Firerockfireroll
Race 8- Bella Regazza, Between Two Thorns, Jackie Daniels, Spiritofanangel
Race 9- Bellezza Nera, American Bullitt, Gee Smith, Per Ardua Ad Astra
Race 10- Arma Believer, Infinite Merit, Petes Honour, Ubeen Thundastruck
Wagin
R1- Extinction
R2- Eastern Advance
R3- Sweet Lucifer
R4- Atomic Feel
R5- Firefly
R6- Cheap Thrillz
R7- Chica Valiente
R8- Star Of Kaos
+1 -1
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R1 HC Sharkie
Wagin
R1 G Cuvier place
R3 S Windstorm
R4 H Flammable
R5 I Whitby
GLTA on a very tough night.
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For John Fagg from Ravensthorpe......no one travels further to race their horses, always good to see.
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A real positive from Friday night is the only way is up for me!
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Another reason is increased tax rate on gambling resulting in people losing their funds quicker thus reducing turnover.
Just comparing a 10% tax rate effect on $100 turned over 25 times vs a 15% tax rate.
Bank Size.
10% 15% tax collect
100. 100. 10.00. 15.00
90. 85. 9.00. 12.75
81. 72.25. 8.10. 10.84
72.90. 61.41. 7.29. 9.21
65.61. 52.20. 6.56. 7.90
59.05. 44.30. 5.91. 6.59
53.14. 37.71. 5.31. 5.65
47.83. 32.06. 4.78. 4.81
43.05. 27.25. 4.31. 4.09
38.74. 23.16. 3.87. 3.48
34.87. 19.68. 3.49. 2.95
31.38. 16.73. 3.13. 2.51
28.25. 14.22. 2.84. 2.13
25.41. 12.09. 2.53. 1.81
22.88. 10.28. 2.29. 1.55
20.59. 8.73. 2.06. 1.31
18.53. 7.42. 1.85. 1.12
16.68. 6.30. 1.68. 0.94
15. 5.36. 1.50. 0.80
13.50. 4.56. 1.40. 0.69
12.10. 3.87. 1.20. 0.58
10.90. 3.29. 1.05. 0.49
9.85. 2.80. 0.99. 0.42
8.86. 2.38. 0.89. 0.36
7.97. 2.02. 0.80. 0.30
7.17. 1.72
Turnover
$835.26 vs $556.79.
So a 5% increase in the tax rate can (and will) lead to a 33.33% drop in turnover if peoples disposable punting amount were to stay the same, effectively sending people broke far quicker having $7.17 left vs $1.72.
On turning it over 25 times you collect $92.83 @10% and $98.28 @15%. As you can see from the numbers though you are still collecting around 80c a spin @10% vs 30c @15% so if you were to continue on you would get close to parity.
Seemingly whoever is implementing these tax changes do not understand how gambling works and believe joe blogs rocks up for a bet with his $100 each week and bets it once so skimming $15 is better than skimming $10 and he will be back with $100 again next week and we can skim another $15 off him.
We all know reality is Joe might rotate that $100 through 10-15 times over a weekend depending on how he's going-increase bookie percentages via increased taxes and he is far less likely to be able to keep turning it over, also less likely to come back another week with $100 if he didnt enjoy losing the last lot so quickly.
Couple that with other tax changes that disincentive bookies to grow their turnover- Tristan Merlehan from Topsports does some great podcasts on this and how they have had to change their business model to keep under a certain size to not cop further tax implications.
Effectively multiple actions have been put in place to shrink turnover while also coupled with the current financial situation, seeing people not having the disposable income for something like gambling and its a perfect storm.
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