The NZ$14.0m was NZ$2.8m more than the forecasted in its budget, with NZ$12.6m coming from betting profits and NZ$2.0m coming from gaming profits. The additional NZ$600,000 in the combined betting and gaming total was due to funds paid to the racing integrity unit (RIU).
TAB NZ’s reported profit for the year stands at NZ$147.2m which is NZ$37.5m more than the budget.
Wagering turnover amounted to NZ$211.3m – NZ$16.5m over the budget and NZ$85.6m more than this time last year.
The number of sporting events during the month contributed heavily, as sports betting revenue was NZ$17.5m better than the budget. The Crusaders vs Chiefs Rugby Union match proved to be the most lucrative sporting event, generating turnover of NZ$738,000.
Total gross betting revenue for the month was NZ$33.9m. This was NZ$3.2m above the projected budget and came at a margin of 16.0%.
Operating expenses were NZ$200,000 less than the budget at NZ$9.9m, while operating costs for the year to date were NZ$700,000 below budget at NZ$99.2m.
Racing code distributions were NZ$16.5m, well above the NZ$11.1m forecasted, putting the total contributions as NZ$12.9m more than the budget for the year to date at NZ$123.1m