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Bit Of A Yarn

Reefton shines in the latest TAB turnover figures!!


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  • 3 weeks later...

I'm fascinated by Wingatui turnovers. They get given feature meeting after feature meeting. There hardly seemed to be anyone there today despite massive stakes. It wouldn't surprise me if Reefton's oncourse turnover topped today at Wingatui.

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The net wagering revenue from the Karaka meeying would have been about 750k. That leaves 3.8m that had to be made up for the stakes from sponsorship, sweepstake contributions and funding from NZTR which in itself comes substantially from sports betting, overseas racing and pokies. We are indire straits if that spreads through the rest of NZ racing's contribution as is tending to happen.

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Gross revenue is roughly 15% of turnover. Net about half that. Varies a bit year to year and quite a bit meeting to meeting. They should publish those figures. Harness do. TAB4ever may have them?

Edited by curious
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On 9/02/2024 at 6:33 AM, curious said:

Gross revenue is roughly 15% of turnover. Net about half that. Varies a bit year to year and quite a bit meeting to meeting. They should publish those figures. Harness do. TAB4ever may have them?

That might be a bit on the lean side. 18% is probably a better estimate.

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