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Bit Of A Yarn

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Posted
15 minutes ago, Kit Walker said:

NZ turnover last week - same total number of races as last season. Add in lost consumption fees from Aust for those races.  Idiots had no clues.

image.png.5b16ef71f19238993a6247e0e9ae6fda.png

Yeah.. but i suppose we dont know how much turnover increased for Entain with Aus racing & sports in that period….

  • Like 1
Posted

You might be going off a bit prematurely.

Taupo and Woodville were on the same day this season they were competing against each other.  Last year Woodville was the only meeting on a Sunday and Taupo on its own mid-week.

Also there are no import figures so the turnover figures only show part of the total turnover.

Posted (edited)
10 minutes ago, Chief Stipe said:

Also there are no import figures so the turnover figures only show part of the total turnover.

And that's turnover, not GBR. No harness, dogs or sports included either.

Edited by curious
Posted

Rotorua was a Sunday meeting 2024 on its own and midweek 2025.

The total is down $200k but that was dragged down by Woodville and Rotorua being down $300k racing in the same day.

Not to mention of course that the figures only represent 4 race days.

Posted
14 minutes ago, Chief Stipe said:

Not to mention of course that the figures only represent 4 race days.

Yes, though if the online monopoly is doing what was predicted, you'd expect to see clear evidence across the board by now, so it's not a promising indication of that to me.

Posted
10 minutes ago, curious said:

Yes, though if the online monopoly is doing what was predicted, you'd expect to see clear evidence across the board by now, so it's not a promising indication of that to me.

Come on @curious the data posted is for only four race days representing a completely different pattern to the previous year.  You can't draw any "clear evidence" at all.

I thought geoblocking started 1 August?  Let's hold off the naysaying doom and gloom until we see at least a whole month of data.

I think the Minister of Finance is right the doom and gloom is a malaise that doesn't match the facts.  

Perhaps we could blame the 2.5% drop in GBR on the "cost of living crisis"!!!!  From that viewpoint one could argue geoblocking is saving the bacon!!

Posted

They better crank it up with no greyhound racing looming and the sporting code bludgers making joint submission to the Govt for increased payouts - oh and then 15 online casinos getting licensed to operate in NZ. Geo blocking won't be saving them.

Posted
21 minutes ago, Kit Walker said:

the sporting code bludgers making joint submission to the Govt for increased payouts

How are they bludgers?  Racing has been bailed out $60m by the NZ Taxpayer in a very short period of time.

Posted
24 minutes ago, Kit Walker said:

They better crank it up with no greyhound racing looming and the sporting code bludgers making joint submission to the Govt for increased payouts - oh and then 15 online casinos getting licensed to operate in NZ. Geo blocking won't be saving them.

I don't understand your vehement negativity towards ENTAIN.  Without them the TAB was broke.

Posted
1 hour ago, Chief Stipe said:

Interesting how the punter much maligned Ruakaka is up 8%.  Perhaps geoblocking got @Huey to offload. in thw winterless north!

Good on them! But down per starter ... panic???

Posted

I don't understand all this negativity towards Entain either.

People commenting on it are not aware of the details of the contract signed with TAB NZ.

What is known for sure, without Entain's 5-year commitment, the payout to thoroughbred would have been half what it is now, and then comment about the industry being in a poor state and having no future would have been accurate

  • Like 1
Posted

Racing Turnover

Month 2024 Turnover (NZ Racing) 2025 Turnover (NZ Racing) YoY Change
July ~NZ$52 million
1
~NZ$54 million
2
↑ ~4%
August ~NZ$53 million
1
~NZ$56 million
2
↑ ~6%
 
  • Fixed odds betting now accounts for 90% of win/place turnover in 2025, compared to ~85% in 2024 
    2
    .
  • Tote betting continues to dominate exotic bets (e.g., trifectas, quinellas) with 75% market share, but fixed odds are gaining ground 
    2
    .

🏉 Sports Betting Turnover

Month 2024 Turnover (Sports) 2025 Turnover (Sports) YoY Change
July ~NZ$60 million
1
~NZ$71 million
2
↑ ~18%
August ~NZ$62 million
1
~NZ$73 million
2
↑ ~17%
Posted
9 minutes ago, hesi said:

I don't understand all this negativity towards Entain either.

People commenting on it are not aware of the details of the contract signed with TAB NZ.

What do you think there is in the contract that we don't know about that is likely to make a difference once Entain have paid for the business in 2028?

Posted
Quote

How are they bludgers?  Racing has been bailed out $60m by the NZ Taxpayer in a very short period of time.

They are bludgers because they do nothing to promote sports betting but continue to want more money. Go and have a look at the web sites of most of the sports codes no promotion to bet on their product. The greyhounds had to pay $20 million to become part of the TAB - sports codes zero.

  • Like 1
Posted
15 minutes ago, curious said:

What do you think there is in the contract that we don't know about that is likely to make a difference once Entain have paid for the business in 2028?

I have no idea what is in the contract, so I don't comment about what might or might not happen, that would be pointless

Posted
1 minute ago, hesi said:

I have no idea what is in the contract, so I don't comment about what might or might not happen, that would be pointless

Don't agree. Not pointless at all. We know what the guts of the contract is and have to assess our investment in the industry going forward based on what we know and what results we see to date.

Posted
11 minutes ago, Kit Walker said:

The greyhounds had to pay $20 million to become part of the TAB

When was that transaction?

12 minutes ago, Kit Walker said:

Go and have a look at the web sites of most of the sports codes no promotion to bet on their product.

NZTR and HRNZ don't do much either.  I can understand why they don't as compliance costs are high.

Posted
5 minutes ago, curious said:

Don't agree. Not pointless at all. We know what the guts of the contract is and have to assess our investment in the industry going forward based on what we know and what results we see to date.

But you've already stated that you are not investing any more.  "This is my last horse" etc.

Posted (edited)
1 minute ago, Chief Stipe said:

But you've already stated that you are not investing any more.  "This is my last horse" etc.

Really? Where did I say that. Just bought another one a month ago!

And my NZTAB turnover has doubled in the last 2 months.

Edited by curious
Posted
28 minutes ago, curious said:

Racing Turnover

Month 2024 Turnover (NZ Racing) 2025 Turnover (NZ Racing) YoY Change
July ~NZ$52 million
1
~NZ$54 million
2
↑ ~4%
August ~NZ$53 million
1
~NZ$56 million
2
↑ ~6%
 
  • Fixed odds betting now accounts for 90% of win/place turnover in 2025, compared to ~85% in 2024 
    2
    .
  • Tote betting continues to dominate exotic bets (e.g., trifectas, quinellas) with 75% market share, but fixed odds are gaining ground 
    2
    .

🏉 Sports Betting Turnover

Month 2024 Turnover (Sports) 2025 Turnover (Sports) YoY Change
July ~NZ$60 million
1
~NZ$71 million
2
↑ ~18%
August ~NZ$62 million
1
~NZ$73 million
2
↑ ~17%

If you use the crude application of stats then Geo-blocking has had resulted in a 50% improvement.  I.e. July is up 4% and August is up 6%.  A difference of 50%.

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