Tabcorp confirm desire for national tote pool

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Tabcorp have confirmed their desire to create a single-national tote pool, following reports this may occur as soon as next year.

The Sydney Morning Herald reported on Monday that Tabcorp are planning to merge the current three pool tote system in to one by as soon as the end of 2020.

And while reluctant to comment on the timeline in which this may occur, a Tabcorp spokesman confirmed their desire for punters across the country to be betting into a single totalisator pool.

“A national pool would provide deeper, more liquid betting products for customers,” the statement said.

“This would strengthen the competitiveness of the tote to address the national decline in pari-mutuel betting, which in turn would enhance the long-term sustainability of racing industry funding.

“Combined pooling requires agreement from a range of stakeholders.

“We are committed to working through the process with all parties.”

Tabcorp have long managed the tote pools in Victoria and New South Wales, and recently completed the takeover of Tatts, bringing together Queensland, South Australia, Tasmania and the Northern Territory.

Parimutuel turnover provides the greatest return to the racing industry but its appeal to punters has been on the slide in recent years.

Figures produced by Racing Victoria show that tote turnover dropped 6 per cent last racing season, while fixed-odds turnover grew 9.7 per cent during the same period.

www.racing.com

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