Tabcorp boss David Attenborough believes punters will be buoyed by the recent change in government as they turn their attention to the spring racing carnival but is still tipping the standard CPI-indexed lift in turnover over the next six weeks heading into the Melbourne Cup and the race that stops a nation.
Speaking at the official launch for wagering company and the spring racing carnival, Mr Attenborough said punters were feeling more positive recently.
"Certainly we expect things to pick up after the election now that that's over, we are certainly seeing people be a lot more positive and I think there is some good green shoots out there, we are seeing it certainly in the property market," he said.
"We are a discretionary spend company and you would certainly expect to see that come through into the numbers."
The spring racing carnival is a crucial earnings period for Tabcorp, which will book around 25 per cent of its turnover in the next six weeks.
On Melbourne Cup day next month Tabcorp is expected to book 2000 transactions a second and a total of 50 million transactions for the day.
Mr Attenborugh said Tabcorp's IT infrastructure was now on "lockdown mode" as it prepares for the massive betting plunge by Australians and overseas punters.
He said he expected offshore online bookmakers to be as competitive as ever.
Tabcorp shares are up 0.3 per cent today at $3.25.