TAB Punters Bet $91 Million On 2013 Melbourne Cup

Racing Online - Horse Racing News - TAB Punters Bet $91 Million On 2013 Melbourne Cup

NSW and Victorian TAB punters wagered $90.6 million across totalizator and fixed odds betting on today’s Emirates Melbourne Cup race, won by the Gai Waterhouse trained Fiorente.

Fiorente paid $7.00 for the Win on the NSW and Victorian totalizators, as well as $7.00 in TAB Fixed Odds betting. One punter had $27,500 at $7.00 on Fiorente just before the race and collected $192,500.

The $90.6 million in turnover on the Melbourne Cup race, which was down 2.0% on the prior year, is made up of:

[dt_list style=”1″ dividers=”true”][dt_list_item image=””]$47.5 million in NSW totalizator betting;[/dt_list_item][dt_list_item image=””]$34.0 million in Victorian totalizator betting; and[/dt_list_item][dt_list_item image=””]$9.1 million in TAB Fixed Odds betting across both states.[/dt_list_item][/dt_list]

Total NSW and Victorian TAB turnover on the 10 races at Flemington was $133.7 million, down 4.8% on 2012.

These figures do not include turnover from Tabcorp’s Luxbet business or its international gateway, PGI.

Tabcorp Managing Director and CEO David Attenborough said Tabcorp’s wagering system performed extremely well across its approximately 2,900 retail outlets, digital, call centre and on-course channels.

“A lot of preparation went into ensuring we had the capability to meet the strong customer demand on the biggest day in Australian racing and pleasingly our system performed well. By the end of the day our wagering system will have processed in the range of 50 million transactions,” Mr Attenborough said.

“Research indicates that 74% of customers across NSW and Victoria who bet on the Melbourne Cup bet with TAB and we were delighted to be part of their Melbourne Cup experience.”

One of the most heart-warming stories of the day was that of a Victorian TAB customer who outlaid just $1 on the Melbourne Cup First 4 and won $118,652.

Another highlight for Tabcorp was the sale of more than 1 million TAB Fixed Odds tickets in a single day for the first time.

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