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The Guardian - AU

National

Christopher Knaus

Betting agency’s $40m payout for Penrith premiership believed to be largest in Australian history

Penrith Betr NRL AFL Australia United States Matt Tripp News Corp Collingwood

Nathan Cleary of the Panthers scores a try during the 2023 NRL grand final match between Penrith and Brisbane — Nathan Cleary scores during the NRL grand final between the Penrith Panthers and Brisbane Broncos. Betr will pay out $40m in bets on Penrith’s win after offering 100-1 odds. Photograph: Bradley Kanaris/Getty Images

The News Corp-backed betting agency Betr is in the process of paying out $40m in bets after Penrith’s grand final win on Sunday, which the company believes is an Australian record.

Betr attracted significant controversy earlier this year over its widely advertised launch campaign offering 100-1 odds on the Melbourne Cup, something that prompted regulatory intervention and a record $210,000 fine.

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