Upcoming Group Races
SEE THE FULL 2022 RACING CALENDAR

Advertiser Disclosure

This website is a free online resource that strives to offer helpful content and comparison features to our visitors. We accept advertising compensation from companies that appear on the site, which impacts the location and order in which brands (and/or their products) are presented, and also impacts the score that is assigned to it. Company listings on this page DO NOT imply endorsement. We do not feature all providers on the market. Except as expressly set forth in our Terms of Use, all representations and warranties regarding the information presented on this page are disclaimed. The information, including pricing, which appears on this site is subject to change at any time.

Got It

BETTING ON CUP WEEK UP YOY

Year on Year betting on the Melbourne Cup and surrounding Spring Carnival week has increased again with a whopping $700m plus wagered across the famous racing festival held at Flemington Racecourse

Betting turnover increases across Melbourne Cup Week

The Aussie racing culture is alive and well in 2021 with Australian punters wagering more than $220m on the Melbourne Cup and in the process broke the wagering records for the Melbourne Spring Carnival as a whole. 

In its financial reports post carnival The Victorian Racing Carnival recorded domestic betting turnover at $724.1m. This marks a significant 7.6% increase on the previous domestic wagering volume for the four carnival events.

Racing fans punted nearly half the kitty on Melbourne Cup day alone with $372.8m wagered on Cup day. This was up marginally by nearly 2% year on year with $223.8m of that wagered on the Cup itself. 

The Victoria Derby was the main race day that saw a significant increase in wagering behaviour with betting on the VRC Derby up 4.7% and betting on the on the day up 11.2% overall on the previous year.

According to the VRC wagering revenues were up significantly around the world with the US reportedly having a significant rise in betting activity on the race.

VRC Chief Exec Steve Rosich was understandably delighted with what had topped an excellent week of racing and the first with live crowds back at the event.

“The VRC was delighted to welcome back over 30,000 racing fans to Flemington this year within government approved parameters, generating more than 6,000 event and hospitality jobs through the staging of the Carnival,” Rosich said.

“We are thrilled to cap that off with 7.6 per cent growth in wagering turnover for Cup Week.”

More News


Punters, maximize your horse racing betting experience! Sign up for free and enjoy free betting tips, special betting offers, and up-to-date horse racing news.SIGN ME UP!
TAB Logo
All Sky Racing Channels
Live on your App
Join Now
*TC’s Apply. Gamble Responsibly. Gamblers Help 1800 858 858
Palmerbet Logo
$100 Bonus Matched
2nd Racing Bet*
Join Now
Excl WA. Max Racing Bonus $100. 2nd Racing Bet. Racing Bonus Bets only. Existing Customer ...More
Unibet Logo
Racing Bet
& Get Up To $200
Join Now
Existing Customers Only. Excludes SA. 18+ T&C’s and wagering requirements apply.
Dabble Logo
FOLLOW other punters, COPY their bets, and BANTER with your mates
Join Now
T&Cs apply and available on website. Gamble responsibly. www.gamblinghelponline.org.au. 18 ...More
Check All Offers