Turnover doesn't equal revenue unless these punters are betting on the Tote. So how do you explain that turnover hasn't moved downwards equivalent to the punters you talk to reduction in punting? Not that I would actually believe what a punter tells me they turnover!
On the facts available and talking to punters that do millions of turnover, or did, on NZ racing prior to this move. If they still bet on it they are doing so through overseas offices.