“92 per cent of turnover has been on Donald Trump, and Sportsbet stands to lose more than $10 million if Trump wins,” Sportsbet chief executive Barni Evans said.

“The US election, momentarily, is the largest turnover event in the company’s history, however the accolade may be short lived, with our forecasts predicting the 2020 Melbourne Cup to marginally trump the election. The 2019 Melbourne Cup was the previous largest event.”

Last year's Melbourne Cup is the largest gambling day for bookies, but that could be overtaken by the US election.

Last year’s Melbourne Cup is the largest gambling day for bookies, but that could be overtaken by the US election. Credit:Getty Images

Ladbrokes are in a…



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