{"id":35337,"date":"2022-11-11T13:09:16","date_gmt":"2022-11-11T16:09:16","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=35337"},"modified":"2026-04-23T03:04:00","modified_gmt":"2026-04-23T06:04:00","slug":"tab-nz-sees-record-turnover-on-nz-trotting-cup","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/tab-nz-sees-record-turnover-on-nz-trotting-cup","title":{"rendered":"TAB NZ sees record turnover on NZ Trotting Cup"},"content":{"rendered":"\n

Turnover from this year’s New Zealand Trotting Cup at Addington reached $7.5m.<\/p>\n\n\n\n\n\n\n\n

New Zealand.- TAB NZ has reported that the Trotting Cup at Addington on November 8 generated $7.5m in turnover<\/strong>, a record high for a New Zealand race meeting based on figures going back 20 years. Turnover was $0.9m more than the 2020 New Zealand Cup ($6.6m), which also had a 13-race card. The previous high was $7.1m at the 2007 edition.<\/p>\n\n\n\n

The full return of spectators this year contributed to about $800,000 in revenue from course sales, well above last year’s $100,000, which was limited due to Covid-19 restrictions. Canterbury residents wagered about $3.9m via digital and retail channels, compared with $2.7m on the Melbourne Cup Day last week.<\/p>\n\n\n\n

The New Zealand Trotting Cup is generally considered the country’s most prestigious harness racing event<\/strong>. Over 700,000 bets were placed this year, with 40,000 customers active, matching the previous record for a New Zealand race meeting, set in 2020.<\/p>\n\n\n\n

TAB NZ posts turnover of NZ$212.7m for September<\/h2>\n\n\n\n

TAB NZ<\/a> posted a turnover of NZ$212.7m, 2.0 per cent (NZ$4.4m) below budget for September. Gross betting revenue (GBR) was NZ$33.6m, down on budget by 3.4 per cent (NZ$1.2m). Gross betting margin (GBM) was 15.8 per cent, 0.2 percentage points below budget.<\/p>\n\n\n\n

The three highest-grossing sporting events in September were the three all-black tests<\/strong> against Australia and Argentina, with a combined NZ$3.4m. Tennis was the leading in-play sporting code, accounting for 26 per cent of pre-game revenue, while Rugby Union and Rugby Union were the top pre-match singles sporting codes, accounting for 30 per cent and 24 per cent of pre-game sales, respectively.<\/p>\n","protected":false},"excerpt":{"rendered":"

Turnover from this year’s New Zealand Trotting Cup at Addington reached $7.5m.<\/p>\n","protected":false},"author":176,"featured_media":17023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"TAB NZ reported a record $7.5m turnover for the New Zealand Trotting Cup, significantly boosted by full spectator attendance and strong digital wagering. Concurrently, September's overall turnover of NZ$212.7m and Gross Betting Revenue (GBR) of NZ$33.6m were slightly below budget, with a Gross Betting Margin (GBM) of 15.8%.","focusai_entities":"TAB NZ","focusai_location":"New Zealand, Addington, Canterbury, Australia, Argentina, Melbourne","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Trotting Cup Strategy?","query":"What specific marketing or operational strategies contributed to the record Trotting Cup turnover despite overall September budget shortfalls?"},{"label":"September Budget Impact?","query":"How does TAB NZ plan to address the 2.0% turnover and 3.4% GBR budget shortfalls for September, and what impact will this have on full-year projections?"}],"footnotes":""},"categories":[16336,155],"tags":[233,23709],"class_list":["post-35337","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-sports-betting-news","tag-sports-betting","tag-tab-nz"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35337","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=35337"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35337\/revisions"}],"predecessor-version":[{"id":35359,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/35337\/revisions\/35359"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/17023"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=35337"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=35337"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=35337"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}