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

News Corp-backed Betr attracted controversy last year when it offered 100-1 odds on the 2023 grand final winners in the NRL, AFL and other sports

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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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