Financial analysis shows clubs took $2.1bn in gambling revenue over 10-year period but spent 12 times more on business expenses than support programs
Only 1.5% of the money lost by gamblers in poker machines in Victorian RSLs over several years went towards improving veteran welfare, new research shows.Between 2009 and 2019, it found, licensed RSL clubs in the state netted $2.097bn in revenue from gambling.
Francis described the scheme as an “excessively inefficient approach to funding community initiatives” that raised ethical concerns, given that most funds were being spent on venue operational costs rather than veteran services.“My research shows is not really going back to the community the way it should be,” she said, adding that in some cases, “we see 100% going to operating expenses and not a single donation”.
“We assume the study has only focused on that one area of sub-branch operation and is therefore not reflective of the full financial contribution made to veteran welfare.” “The result of sub-branches reducing these operations would be fewer veterans receiving the support they need.”
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