2016 Emirates Melbourne Cup

2016 Emirates Melbourne Cup

Punters support Melbourne Cup Carnival in record numbers

Racing Victoria (RV) and the Victoria Racing Club (VRC) have today announced that domestic wagering turnover on the 2016 Melbourne Cup Carnival exceeded $600 million for the first time.

Current analysis of RV’s approved domestic Wagering Service Providers (WSPs) shows that total turnover on the four Flemington race meetings increased by 10% to more than $657 million.

Each of the four meetings posted record turnover holds with AAMI Victoria Derby Day, Crown Oaks Day and Emirates Stakes Day each enjoying double digit growth on their 2015 results.

Crown Oaks Day was a standout performer with total WSP turnover increasing to $84.4 million – easily eclipsing the previous meeting record of $71.4 million set in 2014.

Total WSP turnover on Saturday’s Emirates Stakes Day topped $100 million for the first time making it the fifth meeting to achieve that mark within the 2016 Spring Racing Carnival.

A total of 37 races were conducted across the Melbourne Cup Carnival with 22 jockeys and 21 trainers successful. There were 511 starters across the four meetings which saw the average field size increase to 13.8 horses per race up from 13.0 in 2015.

The Melbourne Cup Carnival was also warmly embraced by international punters with the Hong Kong Jockey Club (HKJC) generating a record $62.7 million in turnover – an increase of 3.9% on 2015 despite the number of races wagered on decreasing this year from 18 to 17.

Japanese punters were also permitted to bet on the Emirates Melbourne Cup for the first time with $8.73 million wagered on the race in which the lone Japanese entrant Curren Mirotic finished unplaced at long odds.

RV Chief Executive, Bernard Saundry, said the strong wagering growth was attributable to a number of factors and continued a positive Spring Racing Carnival for the Victorian industry.

“World class racing underpinned by key programming changes, strong field sizes, a terrific racing surface, favourable weather and a great spread of results all contributed to record wagering turnover for the 2016 Melbourne Cup Carnival, as too did the valued support of media partners such as the Seven Network and Herald Sun, our joint venture partner Tabcorp and other approved WSPs,” Mr Saundry said.

“The racing throughout the Melbourne Cup Carnival was exceptional with strong international and interstate participation and there was tremendous punter confidence across all four days. Over the past three years domestic wagering turnover on the Melbourne Cup Carnival has grown by almost $100 million.

“I want to commend the VRC for their delivery of another fantastic Melbourne Cup Carnival, in particular for the presentation of their track and their customer facilities, and to also thank the punters, owners and participants who continue to show their faith in Victorian racing.

“We now look forward to the Sandown Spring Carnival Raceday this Saturday and the standalone Sportsbet.com.au Ballarat Cup Raceday seven days later to bring the 2016 Spring Racing Carnival to an exciting close. With three internationally-trained runners – Big Orange, Beautiful Romance and Secret Number – contesting this Saturday’s headline Zipping Classic it promises to be an enthralling contest.”

VRC Chief Executive, Simon Love, said, “We’re delighted that racing enthusiasts both domestically and internationally have strongly supported Australia's premier racing carnival. These are impressive figures that show interest in our iconic event continues to grow each year, both at home and abroad.

“The landmark decision to move the Mackinnon Stakes to the final day of the Melbourne Cup Carnival and double the prizemoney to $2 million was a resounding success, with a huge boost of 12% in wagering on AAMI Victoria Derby Day and 16% on Emirates Stakes Day.”