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JJ Flash

Racing Victoria Spring Racing Result

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Below is a piece of work by Racenet's Ben Dorrie along the lines of good,bad etc of the carnival

THE BAD
Plunging wagering figures, a drop in crowds and a nosedive in TV ratings during Melbourne Cup week showed that racing certainly doesn’t sell itself anymore – not even in peak spring time. A brace of big-priced winners early in the carnival didn’t help the wagering numbers but all the figures show that Aussies aren’t in love with their spring racing nearly as much as they once were. 

 

He might have added something about the influence Racing NSW program had on this carnival but it seem all is not well in Victorian racing

 

Greg

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How inerstate rivalry works in Ozzie-

Victoria Racing Club chief executive Neil Wilson says the evidence is there that wagering turnover on Victoria Derby Day plunged due to direct competition from the inaugural Golden Eagle raceday in Sydney.

Wagering turnover on the whole of Melbourne Cup week was down five percent but the Derby Day turnover plunged 18 percent as it went head-to-head with the new $7.5million Golden Eagle.

Wilson said the figures flew in the face of assertions from Racing NSW that increased competition and bumper interstate racedays going head to head could benefit everyone.

“At a macro level if you look at things from a wagering point of view … for the whole (Melbourne Cup) week we were about five percent down on wagering on last year,” Wilson said on RSN.

“The Derby day was (down) much bigger than five percent and in our view, there is still data to be collected, is that the pie of Derby Day nationally was split differently this year, more of it went to Sydney.

“The theory of competition is good because it builds a bigger pie perhaps needs to be looked at and perhaps it is more about a cannibalisation of that pie in terms of the Victorian component shifting north.”

Caulfield Cup day wagering turnover was also hit by being staged on the same day as The Everest this year – down 25 percent.

Wilson said he was “not sure” that even Racing NSW would be happy with the wagering downturn in Victoria.

“I’m not sure they would be happy in terms of the position that has been put forward as to why competition is good,” Wilson said.

“I think perhaps genuinely they felt this would create a bigger pie and our slices might be distributed differently - but we would still be getting a bigger part of the overall pie.”

 

Greg

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