Tabcorp’s Melbourne Cup day turnover

Tabcorp held more than $170 million in turnover on Tuesday's 10 races at Flemington and $115 million on the Lexus Melbourne Cup across its TAB and UBET brands.

Total Tabcorp turnover on Flemington was down 7% on 2017, with the wet track conditions, as expected, impacting wagering. However, fixed odds betting yields were strong on the Flemington meeting.

The Lexus Melbourne Cup was won by Cross Counter who paid $12.20 on the NSW TAB tote, $12.00 on SuperTAB (which incorporates Victoria and ACT) and $10.80 on the UBET (Queensland, South Australia, Tasmania and Northern Territory) tote. Cross Counter’s final TAB fixed odds price was $9.

This was the first Melbourne Cup operated by Tabcorp since the Tabcorp and Tatts combination in December 2017. Tabcorp now operates retail wagering in more than 4,300 venues in all states and territories (excluding
Western Australia), as well as via digital and call centre channels.

Tabcorp Managing Director – Wagering & Media, Adam Rytenskild, said: “We rolled out a strong promotional campaign in the lead up to Melbourne Cup and given the weather, I’m pleased that it was a very successful day.

“This was the first year we operated both the UBET and TAB wagering systems. It was twice the systems, more bets and customers. It was an unprecedented operational effort and I’d like to acknowledge our Tabcorp
team for their great delivery of an important day of entertainment for millions of Australians. This included more than 1,000 people at Flemington who helped racegoers place their Cup day bets, despite the heavy rain.

“Since the Tabcorp-Tatts combination we have stepped up our focus on being loved by punters and embraced by our partners. We are uniquely Australian and want to be the first choice for betting. We were also pleased with the strong customer acquisition numbers today.”