Not necessarily, but I don't think the Northern Territory having no apparent limit on bookmaker licenses is a good idea either. That said, I think the tote is n

Not necessarily, but I don't think the Northern Territory having no apparent limit on bookmaker licenses is a good idea either. That said, I think the tote is not a predatory monopoly because it just takes a percentage (I don't think it's fixed but maybe it's capped) of all bets whereas the fixed odds players need to squeeze every penny because if they're not careful they can lose money, so having 10+ fixed odds bookmakers creates an environment of cut-throat and sometimes dubious behaviour to make money.