Tabcorp online and phone wager revenue up 13 per cent Despite a lower share of revenue in a new deal with Racing Victoria, Tabcorp's online betting has risen. GAMBLING on smartphones has helped boost revenue for gaming group Tabcorp. Bets placed online through computers and mobile phones spiked 13 per cent in the three months to March, while revenue fell at the group's bricks and mortar stores. The Melbourne-based company reported a 2.6 per cent lift in quarterly revenue to $480.3 million across its four businesses - wagering, media and international, gaming services and Keno. Tabcorp's core wagering business, the largest part of its operations, reported a 4.7 per cent drop in revenue to $368.6 million. But the group said the result was hit by the new terms of Tabcorp's Victorian wagering and betting licence, which came into effect in August. Under the changes, Tabcorp's share of profits with the Victorian racing industry has been reduced from 75 per cent to 50 per cent. Tabcorp said excluding the impact of the deal, revenue generated by its wagering business rose 7.2 per cent for the quarter. Within the wagering business, online gambling saw the biggest growth, up 13 per cent to $581.4 million. Revenue from the group's Victorian stores fell 7.5 per cent to $657.8 million, and dropped 3.6 per cent at the NSW stores to $891.8 million. Call centre revenue fell 16.1 per cent to $171.2 million. Chief executive David Attenborough said trackside betting had been hit by soft trading conditions and unusually low yields during the quarter. Among the group's other businesses, its media and international division reported a 7.6 per cent rise to $52.1 million and Keno revenue rose 16 per cent to $51.6 million. Tabcorp's new gaming services business, which was launched in August, generated $24.1 million for the quarter. "Tabcorp has continued to deliver a steady trading performance," Mr Attenborough said. Morningstar analyst Michael Wu said punters' preference for online gambling offered better profit margins for the company than its call centres. "We've definitely seen a move that people are betting more through their smartphones or online, and that shift is expected to continue," Mr Wu said. Tabcorp shares closed up 1.5 per cent yesterday at $3.39.