Published
OnlineLand-BasedSports Betting

Racing Victoria reports 33% increase in wagers

Racing Victoria has reported over AU$5m (US$3.9m) in wagers from August 2020 to January 2021, a 33% increase from the first half of the previous racing season.

racing victoria

The percentage of turnover made up by digital wagering was up 75% from the prior-year period, with retail spending falling by 12%.

The transition to online betting was accelerated by the closures of pubs and TAB outlets, which were forced to shut their doors for the first part of the reporting period due to Covid-19 restrictions across the state.

Outlets reopened regionally in mid-September, and in metropolitan Melbourne in late October. Tote betting was down 9% to AU$905.9m, while fixed betting was up 47% to AU$4.2bn.

Racing Victoria also highlighted the record turnover on Melbourne Cup day, where AU$221.6m was wagered across Australia, up 17% from the 2019 event.

Other figures released by Racing Victoria include a growth in the number of racehorse owners over the past 12 months, from 58,190 to 60,637. Furthermore, the number of Victorian races with fewer than eight starters dropped from 338 in the first half of last season to 259 in the first half of this season.

Premium+ Connections
Premium

Sport Generate

 
Premium

Imagine Live

 
Premium

GammaStack

 
Premium

Revsharks

 
Premium

Lynon

 
Premium

PIN-UP Partners

 
Premium

RISK

 
 
Premium

Digitain

 
Premium

Galaxsys

 
Premium

1xBet Partners

 
Premium Connections
Consultancy

SCCG Management

Executive Profiles
Zeal Network SE

Stefan Tweraser

VIP Play

Les Ottolenghi

Scientific Games

Keshav Pitani

Social & App

Spribe CEO exclusive: Simplicity is the foundation

Spribe CEO David Natroshvili speaks to Gambling Insider abou...

Redefining iGaming: A history of crash games

Crash games is a growing vertical that has taken gambling by...

A certain something: What makes crash games special?

Crash games. They’re simple, they’re easy to learn and,...

Smarter innovation to shape the future

Spribe CCO Giorgi Tsutskiridze discusses the past, present a...

Facing Facts: The corner of quarterly contemplation

With Q1 reports out across the industry, Gambling Insider co...

Taking Stock: A guide to key stock prices across the industry

Gambling Insider tracks prices from some of the industry’s...

15 years of Gambling Insider: From the Founders

Over the last 15 years, Gambling Insider magazine has interv...

15 years of Gambling Insider: The Awards over time

Global Gaming Awards Event Manager Mariya Savova gives us he...