Search
where the horse is always the hero
Article Item
Posted 2024-01-31 07:14:16  
Records for New Zealand racing turnovers

The TAB Karaka Millions meeting at Ellerslie on Saturday witnessed a remarkable surge in turnover, reaching an unprecedented $9.5 million. This figure exceeds the previous highest meeting record, notably the 2022 New Zealand Trotting Cup meeting, by $2 million. Notably, the record-breaking total was achieved in just six races, less than half of the Trotting Cup meeting, which featured 13 races.

Year-on-year turnover for the TAB Karaka Millions experienced a substantial 66% increase. Particularly noteworthy is the TAB Karaka Millions 3YO race, the final event on Saturday's card, which set a new record for the highest wagered on a single New Zealand race, boasting a turnover of $2.6 million. This surpasses the $2.1 million wagered on the 2022 NZ Trotting Cup. The average turnover per race during the meeting was almost $1.6 million.

Cameron Rodger, the Managing Director – New Zealand for Entain Australia and New Zealand, the operators of TAB, expressed that Saturday's meeting's phenomenal results are a testament to a year of dedicated hard work. The substantial energy and figures at Ellerslie provide considerable confidence for the racing industry's future endeavors.

Rodger emphasized that the successful event serves as a positive start to the week of yearling sales at the New Zealand Bloodstock sale complex at Karaka. He sees it as a momentum boost for the industry, following the recent launch of The NZB Kiwi slot race and a revamped summer racing calendar.

More than 48,000 TAB customers engaged in betting during Saturday's meeting, marking a notable increase from 36,000 the previous year, 35,000 in 2022, and 30,000 in 2021. Rodger highlighted that the growing number of customers participating reflects the spreading awareness that racing is making a significant comeback.

In summary, the TAB Karaka Millions meeting's record-breaking turnover and increased customer engagement indicate a positive trend for the racing industry in New Zealand.

 

Rate:
Email link to a friend | Printable Version
  • New Zealand
    Displaying 10 ResultsSee All
    south african crowned new zealand champion 2024-07-30

    A South African Jockey has taken New Zealand racing by storm in his first full season on that countr...

    View | Add Comment
    kennedy nz title race is a close affair 2024-06-11

    The race for the Jockey Premiership is intensifying, with Warren Kennedy and Michael McNab locked in...

    View | Add Comment
    racing contributed nz1.9b to nz economy 2024-05-22

    The Racing New Zealand Board is delighted to unveil the 2022/23 Size and Scope Report, highlighting ...

    View | Add Comment
    barbara kennedy opens stables in new zealand2024-05-17

    Former South African trainer and wife of Warren Kennedy has announced an opening of stables in New Z...

    View | Add Comment
    kennedy hits 100 in new zealand 2024-04-22

    Warren Kennedy achieved another milestone on Friday by becoming the first jockey this season to reac...

    View | Add Comment
    frankel's gr1 son to shuttle to new zealand2024-04-18

    Juddmonte's recent addition to their European stallion lineup, Chaldean (GB), will be shuttling to C...

    View | Add Comment
    star mare imperatriz retires 2024-04-11

     Imperatriz, the remarkable champion mare of Te Akau Racing, has officially retired from racing...

    View | Add Comment
    legarto in for major bonus 2024-03-07

    Legarto, the much-favored contender, is set to fetch a substantial reward after Saturday's exhilarat...

    View | Add Comment
    kiwi slot race auction - a huge success2024-02-27

    The NZB Kiwi Slot Auction saw remarkable results at the Karaka sales ring, surpassing all expectatio...

    View | Add Comment
    kennedy chooses one gr1 star over another 2024-02-05

    Jockey Warren Kennedy faced a challenging decision ahead of the Gr.1 BCD Group Sprint (1400m) at Te ...

    View | Add Comment