Australians had a record $117 million flutter on this year's Melbourne Cup, official TAB figures show.

Millions more were won and lost in racecourse betting rings, with sports betting agencies and in humble office sweeps.

New TAB records for wagering on Australia's most famous horse race were set in most states. The total amount bet nationally was up by about $8 million on 2002.

In NSW punters staked $47.3 million on the Cup while Victorian punters stumped up about $30 million - a rise of about six per cent in each state.

In Queensland the figure was $19.9 million, West Australians forked out $8.8 million, South Australians spent $6.8 million, Tasmania and the ACT both wagered $1.9 million and in the Northern Territory the pool was $1.1 million.

Punters had to adjust after the withdrawal of one of the pre-race favourites, the Lee Freedman-trained Mummify.

Greg Shannon, general manager of wagering at UniTAB, which covers Queensland, South Australia and the Northern Territory, said it was a hiccup.

"Given that it was such a short-priced runner there was quite a few that had it in their trifectas or first fours and that money had to be taken out of the pool or re-invested," Shannon said.

"Fortunately it was early."

Many punters used the net to place their bets.

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