New Zealand punters spent USD $1.77 billion

Data revealed by the New Zealand authorities shows that in the year to June 2012, punters spent a total of USD $1.77 billion on all forms of gambling including TAB, lotteries, casinos, and other gaming venues, representing a 3% increase compared to the previous year. Casino gambling registered the highest growth rate at 8% largely due to the reopening of Christchurch Casino after the February 2011 earthquake, and SkyCity (SKC:NZ) floor expansions. The 2011 Rugby World Cup in Auckland pushed TAB racing and sports betting growth of 4.9% collecting USD $240 million. Lotteries registered the lowest growth rate at 3.5% but raking in upwards of USD $352.5 million.