Resurgent Oracle gives NZ Sailing a boost

September 24, 2013

Resurgent Oracle gives NZ Sailing a boost

In a strange irony, the more races Oracle win in the America's Cup, the more NZ Sailing benefits.

America's Cup Bookmaker Kieran McAnulty says the TAB is set to provide NZ Sailing with a proportion of profit and turnover when the regatta ends.

"The longer the America's Cup goes for the more turnover we will receive, and the more NZ Sailing benefits as a result," said Mr. McAnulty.

With Team New Zealand racing out to an 8-1 lead, it looked as though it would be another short and sweet America's Cup regatta, however this series has now stretched out to 16 races - more than double any other series - and with it an unprecedented amount of wagering activity.

Mr. McAnulty said the TAB is on track for over a million dollars in America's Cup turnover, which will significantly surpass initial predictions and easily makes the 34th America's Cup the biggest in the history of Sports Betting in NZ. "With Oracle winning 5 in a row we have seen a wave of money come on the Americans. If Team NZ can get the last remaining point needed to secure the America's Cup, the TAB can lock in a handy winfall for NZ Sailing," said McAnulty.

1% of turnover and 5% of any profit will go directly to NZ sailing to assist with the training and development of a future generation of world-beating sailors. “We'll be giving them more than double what we thought, and hopefully that can assist NZ sailing with their defence of the Cup in a few years, fingers crossed."

ENDS

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