The Melbourne Cup is just over 2 weeks away and it’s shaping up to be a big day.
Market research firm IBISWorld expects spending to grow 3.5% this year to $455.5 million, excluding bets placed by people outside of the event.
Here are the numbers:
According to analyst forecasts, Australians will place a total of $806 million in bets on race outcomes next month, up 7.4% on 2012 figures.
Of this year's sum, $68.1 million of bets will be placed by event attendees, and 35% of betting will occur via online or mobile platforms.
The Victoria Racing Club has spent a total of $1.4 million installing a free, stadium-wide wifi network to keep punters online this year.
Almost $168 million will change hands this year in trackside food and beverage purchases and at a range of private and corporate functions across the nation.
Australians spent a total of $162.5 million on food and beverages during last year's Melbourne Cup.
Victoria Police issued a total of 24 drink driving-related penalty notices across the state on Melbourne Cup day last year - only slightly above the daily average of 22 last financial year.
The penalties come with fines of $289 to $614, and demerit points or up a 14-month license suspension.
NSW Police says it is rare for Sydney drivers to be fined for drink driving, with police preferring to take legal action via the courts.
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