Australian betting could be set for its biggest shake-up this century, with Tabcorp planning to finally have a National tote pool as early as the end of 2020.
Tote or pari-mutuel betting gives the biggest returns to the racing industry, with Victoria taking more than 9c for every dollar placed on the tote, while NSW is returned around the 7 per cent mark. The main obstacles to one National tote pool are rules and technology to combine the three different pools. The integration technology is being developed to be available early next year.
Tabcorp controls three separate tote operations in Australia. NSW has its own tote pool, while Victoria takes in bets from Western Australia and ACT and the Queensland pool, which is combined with South Australia, Tasmania and the Northern Territory.
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