NZTR 24/25 Annual report

[curious]

https://nztr.co.nz/sites/nztrindustry/files/2025-11/NZTR Annual Report 2025_SCREEN_0.pdf

NZTR Annual Report 2025_SCREEN_0.pdf

[curious]

Have they got "revenue" and "income" mixed up with "turnover here?

[Chief Stipe]

21 minutes ago, curious said:

Have they got "revenue" and "income" mixed up with "turnover here?

It is a bit ambiguous.  In 2020 the Total Turnover was $3b.  Revenue and other Income $372m. 

What perentage of the 2020 Turnover and Revenue/Income was Thoroughbred Racing in 2020?  The  bar graph would seem to be the TOTAL income NOT Thoroughbred Racing.

Thinking about it a bit more.  The graph must be Turnover for Thoroughbred Racing because it the 2020 figure is higher than the TOTAL TAB revenue for 2020!

[curious]

Beside the graph it says "domestic wagering on NZTR was up $26m" which matches the bar graph, so I'd say it must be TR turnover?

Edited Sunday at 05:45 PM by curious

[Chief Stipe]

15 minutes ago, curious said:

Beside the graph it says "domestic wagering on NZTR was up $26m" which matches the bar graph, so I'd say it must be TR turnover?

Yes you are probably right.  

[curious]

At that, a 6% increase in turnover, given the year includes 2 months of geo-blocking and that revenue increase is likely lower because of the shift to FOB, hardly amounts to "a strong result" in my estimation. I wish they would provide actual revenue figures given "growing revenue" is the target. 

From what I see though, we better hope that sports betting growth is looking a lot better or we are in dire straits in a couple of years.

Edited Sunday at 06:14 PM by curious

[curious]

Extracted from the chart in there. Turnover to stakes by club.

https://bitofayarn.comhttps://bitofayarn.comhttps://bitofayarn.com

Club	Total NZ turnover	Net stakes	Turnover/stakes ratio
Thames JC	2093118	253681	8.25
Wairarapa RC	5268114	673840	7.82
Kumara RC	2619426	384502	6.81
Otaki-Maori RC	9744734	1542005	6.32
Rotorua RC	10203730	1620130	6.30
Whangarei RC	11287345	1842895	6.12
Banks Peninsula RC	1683553	281000	5.99
Taranaki RI	17896802	2997055	5.97
South Canterbury RC	5291706	897662	5.89
Riverton RC	7162950	1216555	5.89
Beaumont RC	1240738	https://bitofayarn.com 213944	5.80
Egmont RC	8640542	1498260	5.77
Woodville-Pahiatua RC	6606033	1147889	5.75
Taupo RC	6091876	1084692	5.62
South Waikato RC	1314527	236000	5.57
Wyndham RC	1231788	224650	5.48
Avondale JC	970619	178550	5.44
Taumarunui RC	1949838	358688	5.44
Wanganui JC	20724594	3925315	5.28
Winton JC	1174688	227342	5.17
Rangitikei RC	3989725	772680	5.16
Wairio JC	996699	193460	5.15
Reefton JC	1133458	221794	5.11
Kurow JC	1333512	269508	4.95
Waverley RC	10759091	2191938	4.91
Marton JC	3338892	693100	4.82
Ashburton RC	10229508	2134950	4.79
Waikato TR	50869211	10780183	4.72
Southland RC	5865550	1250730	4.69
Matamata RC	16449962	3525678	4.67
Canterbury JC	51972347	11337462	4.58
Central Otago RC	1007564	220800	4.56
Otago RC	14960257	3380650	4.43
Levin RC	3732157	846461	4.41
Oamaru JC	3080094	714590	4.31
Waikouaiti RC	1914852	454276	4.22
Rotorua & BOP HC	969940	231960	4.18
Feilding JC	3785170	929570	4.07
Tapanui RC	415338	103150	4.03
Hawke's Bay RI	4057743	1016321	3.99
Manawatu RC	9903548	2499596	3.96
Gore RC	2749075	731740	3.76
Wellington RC	24732792	7399004	3.34
Auckland TR	80969440	25654636	3.16
Waimate RC	581443	223850	2.60
Greymouth JC	584467	231017	2.53
Masterton RC	110006	61250	1.80
TOTAL	467957833	https://bitofayarn.com 101919762	4.59

[Chief Stipe]

31 minutes ago, curious said:

Extracted from the chart in there. Turnover to stakes by club.

Club	Total NZ turnover	Net stakes	Turnover/stakes ratio
Thames JC	2093118	253681	8.25
Wairarapa RC	5268114	673840	7.82
Kumara RC	2619426	384502	6.81
Otaki-Maori RC	9744734	1542005	6.32
Rotorua RC	10203730	1620130	6.30
Whangarei RC	11287345	1842895	6.12
Banks Peninsula RC	1683553	281000	5.99
Taranaki RI	17896802	2997055	5.97
South Canterbury RC	5291706	897662	5.89
Riverton RC	7162950	1216555	5.89
Beaumont RC	1240738	213944	5.80
Egmont RC	8640542	1498260	5.77
Woodville-Pahiatua RC	6606033	1147889	5.75
Taupo RC	6091876	1084692	5.62
South Waikato RC	1314527	236000	5.57
Wyndham RC	1231788	224650	5.48
Avondale JC	970619	178550	5.44
Taumarunui RC	1949838	358688	5.44
Wanganui JC	20724594	3925315	5.28
Winton JC	1174688	227342	5.17
Rangitikei RC	3989725	772680	5.16
Wairio JC	996699	193460	5.15
Reefton JC	1133458	221794	5.11
Kurow JC	1333512	269508	4.95
Waverley RC	10759091	2191938	4.91
Marton JC	3338892	693100	4.82
Ashburton RC	10229508	2134950	4.79
Waikato TR	50869211	10780183	4.72
Southland RC	5865550	1250730	4.69
Matamata RC	16449962	3525678	4.67
Canterbury JC	51972347	11337462	4.58
Central Otago RC	1007564	220800	4.56
Otago RC	14960257	3380650	4.43
Levin RC	3732157	846461	4.41
Oamaru JC	3080094	714590	4.31
Waikouaiti RC	1914852	454276	4.22
Rotorua & BOP HC	969940	231960	4.18
Feilding JC	3785170	929570	4.07
Tapanui RC	415338	103150	4.03
Hawke's Bay RI	4057743	1016321	3.99
Manawatu RC	9903548	2499596	3.96
Gore RC	2749075	731740	3.76
Wellington RC	24732792	7399004	3.34
Auckland TR	80969440	25654636	3.16
Waimate RC	581443	223850	2.60
Greymouth JC	584467	231017	2.53
Masterton RC	110006	61250	1.80
TOTAL	467957833	101919762	4.59

Your table are the ones at the top doing better or the ones at the bottom?

[curious]

15 minutes ago, Chief Stipe said:

Your table are the ones at the top doing better or the ones at the bottom?

Ones at the top have the highest turnover:stakes so are generating more revenue or at least losing less.

Edited Sunday at 10:01 PM by curious

[Chief Stipe]

1 hour ago, curious said:

Ones at the top have the highest turnover:stakes so are generating more revenue or at least losing less.

Do the figures include Club contributions (top ups) to stakes?

[curious]

1 hour ago, Chief Stipe said:

Do the figures include Club contributions (top ups) to stakes?

See note 4. So, no as I read it. All NZTR funding.

NOTES
1. Total turnover is provided by Entain NZ on a per race basis. Turnover through betcha was not available to NZTR for meetings prior to 24 January 2025. Total on-course
turnover is all tote and fixed odds racing turnover placed on-course, including geo-located mobile and digital turnover. Total off-course turnover is Total NZ turnover
minus Total on-course turnover.
2. Australian Racefields includes Australian TAB turnover and a calculation to estimate other Australian Corporate Bookmaker turnover based on the known current
market share of these companies. It does not include turnover placed on NZ Thoroughbred racing through international operators outside of Australasia.
3. Club Noms, Accepts & other charges/payments is the net amount of all nomination and acceptance charges for Group & Listed charged to owners and paid to clubs and
for Feature jumps races not charged to owners, minus credits paid to owners for the same races.
4. Total Club, Meeting & Stakes Funding is all NZTR funding paid to clubs, including Minimum Stakes, Group and Listed, Special Interest, Iconic, Heritage, Country
Cup, Innovation and Other Race funding, Meeting Type, Venue Category, Racing Compliance, Event Tier funding, Carnival funding, Jumping Support, On-Course
commission and payments, including any Digital turnover and any other meeting funding. Club Compliance funding is included but other funding to clubs or venues for
infrastructure, Strategic Training Centre funding, HR Support, Business Innovation is not. All efforts have been made to reconcile against total funding paid to clubs but
there still may be some small discrepancies between funding recorded and total funding received by clubs.
5. Net Stakes is Stakes Paid minus the net Club Noms & Accepts & other charges/payments received by clubs.
6. Net Stakes to Funding Ratio is Net Stakes Paid as above and divided by Total Club, Meeting & Stakes Funding. Note that club funding and other numbers can be affected
by meetings or races not run, abandoned or transferred.