Last Chance to Dance, page-86

SVREL reported approx $7B JMD (which converts to $60M AUD) of the reported horse racing sales in 2019

.....while the agreement is $70M over 5 years........punters need to realise that is Jamaican Dollars.........so based on currency conversion.......BET has committed $595K over that period.

so if 70% of the $60M AUD is converted to Fixed-Odds bets ($42M AUD) and we charge 3% fee on that turnover then we would generate $1.26M AUD per year under the Managed Trading Services arrangement just from bets taken in Jamaica alone.......I don’t know what we would make out of the rest of the world!

........not bad for an agreement that cost us around $120K AUD per year for the Jamaican rights.....

I do not know what we would charge for other services provided to SVREL, ie betting terminals, software and hardware.

Now, I’m just throwing figures around and stand to be corrected once actual details are released by BET.