INVESTORS LOST £406,577!
Figures have been released that show the heavy wagering that takes place in South Australian betting shops and on the racecourses. In 12 months 22,000,000 bets were laid, representing an-investment of £4,660,547. Approximately 1,800,000 bets each month is the record of South Australian . race meetings, and of the £4,660,547 invested during the 12 months successful bettors were paid £4,253,970, leaving a balance of £406,577 to be shared among 394 licensed bookmakers. This works out at more than £1000 each. The bookmakers paid out £93,211 in turnover tax. Of this amount £63,688 went to the Government, £29,203 to the racing clubs, and £319 towards administration expenses.
ANSWERS TO CORRESPONDENTS. "Argument."—A., £2 19s. "O.C."—T.. £3 7s; P.S., £3 7s. "E" CNgaio).—S.. £1 18s; 8., £4 15s fid: E., J3s 6d. "Gralzia."—K.M.. £1 13s 6d; T., £2 4s 6d; P,, £1 15s.
INVESTORS LOST £406,577!
Evening Post, Issue 82, 6 April 1936, Page 13
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