Australia’s most famous and prestigious horse racing event is the Melbourne Cup Carnival, hosted by the Victorian Turf Club at Flemington Racecourse in Melbourne. Second only to EGMs and other gaming, the racing industry enjoys a high profile in Australia and although racing events are also viewed as social events and fashion spectacles, betting on the outcome of races is a given. However, despite launching its own online gambling platform, Tabcorp’s share of the overall gambling market is up against popular online wagering websites and apps like Sportsbet and Ladbrokes. TAB and UBET facilities are also available at dedicated betting shops owned and managed by Tabcorp, which has a near-monopoly on lotteries and land-based betting shops.
Some of these venues will also host horseracing and greyhound racing betting facilities known as a TAB (Totalisator Agency Board) or UBET. EGMs can be found in most pubs, clubs, and casinos around the country, often with large rooms or sections of the venues dedicated to gaming. By far the most popular form of gaming in terms of per capita expenditure is wagering on electronic gaming machines (EGMs).
