Are the Tabcorp figures affected by the Corporate deals? Probably. But neither of us have those numbers available.
The key question is why those misleading earlier Tabcorp numbers were spun!
Anyone here can check my calculations, to see if they've been influenced by Dementia.
But no one can check how kosher the Tabcorp ones were.
This industry is unquestionably in decline. It should be developing appropriate coping mechanisms.
And it should stop pulling stunts that even schmucks like me won't buy.
There is no doubt when you compare NSW TAB win pool holdings to those a year ago there is a significant fall. I have had a "peek" on the NSW TAB pools. Not just NSW. Tatts as well.
These are two of the big races:
2014 TJ Smith - NSW Win pool $946k qand Tatts Win Pool $369k
2015 TJ Smith (rescheduled to Monday) - NSW Win pool $522k and Tatts Win Pool $225k
2014 Sydney Cup - NSW Win pool $886k and Tatts Win Pool $352k
2015 Sydney Cup - NSW Win Pool $680k and Tatts $168k
All the corporates had "specials" on these two races yesterday . Ladbrokes offered 20% above Top Tote + SP for the Cup yesterday. Crownbet offered money back for 2nd or 3rd. Others had similar bonuses.
Don't have Supertab pools - would be obliged if someone can fill the gaps.
Before anyone says that may be the unpopularity of NSW racing....
Sydney Cup Meeting 19/04/2014 NSW TAB hold on Vic quaddie race win pools total - $1,388k
Sydney Cup Meeting 11/04/2015 NSW TAB hold on Vic quaddie race win pools total - $1,120k
But we all know what is going on. C'mon. This is a punter's forum. There is no naive political talk here.
If you are committed to having $20 each way on a horse, and you are offered the choice between you local state TAB, and someone offering "top tote", where is the educated punter going to place his or her bet?
As the use of apps increases, as does the ease of depositing money, placing a bet and withdrawing money from corporates, then there is only one way parimutuel betting across 3 totes is going to go.
It seems inveitable that we will have a national tote pool. Maybe even a merger between Tatts and TABCorp eventually.
My recall is that about 4 or 5 years ago, TABCorp went to the NSW Govt asking if they could merge the tote pools. NSW Govt said "Yes. As long as you can guarantee our return will not be diminished". TABCorp declined the offer. Obviously they knew where this was headed.
Maybe they now have a stronger argument to merge the pools now and the NSW Govt might be a bit more obliging given the competition framework.
I would think the claim that betting is up this year would include corporate figures. And I have no doubt this claim is true if I'm right.
You and I don't have the Corporate figures but the government would.
It is a great time to be a punter, but there is a fixed sized "pie" (well it might grow a little each year) to divide among those who seek to consume it.
Obviously there used to be one pie eater. Now there are many.
Very similar thing going on here to what is happening to Telstra with it's falling revenues from fixed line.
But you cannot deny one thing. Racing NSW did the right thing with Racefields. It was visionary, yet received zero support from other racing Admins as it progressed to the High Court. Noted that those other Admins are now charging corps Racefields charges. And one is charging double during their major carnival.
(apologies for the long winded reply).