The paper claims the Victorian racing industry receives about six cents from every dollar bet on the tote compared with 4.5 cents per dollar in NSW. The paper claims "there will be an ongoing leakage of investment, employment and activity from the NSW racing industry to Victoria", with regional areas in NSW bearing the brunt of the impact. Piggott argues that while Victorian TAB revenue holds a declining share of Tabcorp's overall business, this was "simply a consequence" of the growth in Victorian gaming machine business since 1993 and the company's acquisition and diversification strategy.