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Bookmaker may be buying time on historic payout, racing CEO says

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The chief executive of Racing Queensland suggested a bookmaker’s delay in processing the record payout on the NRL grand final could benefit the company because fewer people would likely withdraw from their accounts.

Online bookmaker Betr has warned tens of thousands of Australians the company needed almost a week to deposit more than $40 million into accounts – processing the largest payout in sports gambling history.

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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com

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    Original URL: https://www.afr.com/companies/media-and-marketing/bookmaker-may-be-buying-time-on-historic-payout-racing-ceo-says-20231003-p5e9fi