Australians say they are losing interest in the Melbourne Cup and the animal welfare campaign against it has never wavered , but the amount of money gambled on the race has barely changed since the pandemic.

Wagering turnover on the Melbourne Cup has fallen only slightly from the $221m recorded in 2020 to $214m last year. The five-year average spend, according to Racing Victoria figures, remains $220m.

The amount of money being gambled on horse racing in Australia overall has fallen sharply, however, presenting a challenge to the long-term sustainability of the industry. At least 174 racehorses died from racing or training injuries in past 12 months in Australia, report finds Read more

In Victoria , the amount of money gambled on horse racing fell by 10.2% last financial yea

See Full Page