- but not enough to stop domestic wagering on the 2020 Flemington carnival growing by six per cent to $667.3 million thanks to a record sum wagered on the Cup itself.
As a result of the TAB crash, turnover dropped from $104 million in 2019 to $80 million on the Stakes day meeting last Saturday – a decline of 23 per cent year-on-year.The headline-grabbing number is the record $221.6 million wagered across Australia on the 2020 Cup race itself – up 17.3 per cent on 2019, with corporate bookmaker turnover growing by more than 50 per cent, Racing Victoria said in a statement released on Friday.
RV said there were three factors for the Oaks day drop - smaller fields than the 2019 meeting, high bookmaker margins on the opening two days of the carnival, which deterred punters, and the absence of crowds. "Engagement with Victorian racing has been at record levels throughout the COVID-19 pandemic with many people gravitating to our sport via digital platforms and multiple broadcast options when other entertainment options were limited," Thompson said.
MickLynch_Age That is just tragic. 6% more people will to lose money 💰 when many have lost jobs and have limited re-employment prospects.
MickLynch_Age Nothing to be proud of.