Discover Casinos
Discover Tables
Discover Providers
Discover Games
Discover Deposit Methods
Best Live Casinos
Popular In UK
Top Live Dealer Tables
Native Tables
Game Guides
Other Pages
Best Software Providers
Popular List
Best Payment Methods
Most Popular
Best Bonuses
Our Favourite Offers

Tabcorp Registers Revenue Growth in 2023 Fiscal Year

Posted on September 1, 2023 | 6:33 am

Tabcorp Holdings, the Australian lottery and betting operator, has announced its financial results for the whole 2023 fiscal year and the numbers show a slight rise in revenue for the company.

The company recorded revenue of 2.43 billion Australian dollars in the 2023 fiscal year, slightly higher than the 2.37 billion Australian dollars that it managed to generate during the previous fiscal year.

However, the company noted that the positive results came despite having operated in a “distorted” market in Australia. Tabcorp underlined that its competitors have “increased generosity and market spend” but despite that the company has been able to increase its overall market share.

Moreover, Tabcorp announced that it has a new record number of active digital TAB customers, 805,000 for the whole year. This is good news for the company as its strategy is to achieve 30 percent digital revenue market share by the end of the 2025 financial year.

Most of the company’s revenue came from its wagering and media division, which generated 2.23 billion dollars in revenue, a figure which represents an increase of 2.2 percent compared to last year. It is well known that Tabcorp demerged its lottery business last year, with the wagering and media division remaining under the old brand.

Wagering revenue went up by 1.9 percent to 1.76 billion dollars, but digital revenue registered a drop of 12.2 percent to 942.7 million dollars as the digital wagering market declined overall. That was compensated by revenue from cash wagering, which increased by 25.1 percent to 818.4 million dollars. 

Top casinos in Australia

Overall Rating
Overall Rating
Overall Rating
Read More

Increase in International Revenue

The Australian company also reported a 3.4 percent increase in revenue from international sources, amounting to 469.7 million dollars. The company noted that the increase was driven by increased vision export revenue along with new distribution agreements.

The company’s gaming services division also recorded a revenue increase of 3.4 percent year-on-year to a total amount of 203.6 million dollars. Revenue from integrity services went up by 19 percent to 117.9 million dollars, but revenue from other venue services dropped 12.4 percent to 85.7 million dollars.

Tabcorp announced that the total number of electronic gaming machines it monitors through its integrity services has grown from 120,370 machines in the 2022 fiscal year to 122,210 in 2023. The company operates electronic gaming machines across New South Wales, Queensland and Northern Territory in Australia.

Source“Tabcorp delivers FY23 growth despite “distorted” Australian market“,, August 24, 2023.

Read More

To make this site work properly, we sometimes place small data files called cookies on your device. T&C