SUBSTANTIAL FALL IN TOTALISATOR RETURNS

Stratford Evening Post, Volume II, Issue 21, 17 August 1932, Page 7

SUBSTANTIAL FALL IN TOTALISATOR RETURNS

1 GOVERNMENT SECURED ! LARGEST DIVIDEND ! HOW BETTING HAS DECLINED | SINCE 1922 ; Twelve months ag\'>, it was hoped | and believed that the nadir of the depression, as far as racing was afI fectcd, had been readied. Yet, at the ' end of a Grand National Week, held in favourable weather, further heavy totalisator declines were recorded at Ricicarfon. and AdfJ|ingttjon, says the Christchurch Sun. The drop at the gallops from the £90,650 handled last year to £69,678 represents a decline of 23.14 per cent. The trotting sport ! again was not so seriously affect, ed. Compared with its total of £76,916 last year, £62,628 was invested, a drop of 18.58 per cent. Government taxation will make heavy inroads into the figures. From the totals, 12 1 per cent, is deducted, of which the club now gets, under the special dispensation recently granted, 8i per cent., and the Consolidated Fund, 4 per cent. From the balance, the Government cuts in again for 5 per cent, in addition, a stakes tax of 5 per cent, is levied on owners of winning horses. Trotting owners, under this last, head, will hand over £302 10s collectively, and racing owner s £290. The first 121 per ee.nty deducted from the Riccarton total is £B7IO to the nearest pound, and the club's share is £592:5. The Government col. leets £2787 plus £3048, or £5835. The New Zealand Metropolitan Trotting Club's taxation is distributed as follows: To the club £5323, to the Government £2500 plu s £2740, or £5246. The Treasury rake.oil for the six days' racing is therefore approximately £ll,Oßl. Though there has been a check in the constantly tailing returns, compared with t]ie previous National Week, it is hardly appreciable, hi the case of the C.J.C. the previous drop was 25 per cent., and in the case of the Metropolitan Wotting 'Clnbj. 21 per cent. To allow readers to appreciate the vast change in racing conditions that has ic'ccurred in the last, decade, the figures for 1922—itself a slump year—are included in the following table: \

Canterbury Jockey Club 1932.. 1931. 1923. £ £ £ is(, day 20,561 34,105 6S,386i 2ml <biy 18,058 2i,i)4iJ 55,802 3rd day Totals 24,459£ 31,603i 64,834A £69,6783 £90,650 £189,023 N. Z. Metropolitan T .C. 1932. 1931. ■ 1922i £ £ £ 1st day 13,791 1 20,278?, 47,751 2nd day 22,538i 25,588£ 59,9334 'lv<\ day Totals 26,298£ 31,019 62,569 £62,62S4 £70,916 £a70,253i