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Horse and Dog Racing in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Horse and Dog Racing Market Research Report | ANZSIC R9120 | Sep 2015

Hold your horses: Industry revenue has been declining due to flat attendance numbers

IBISWorld’s Horse and Dog Racing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 11-16
-2.3%
Annual Growth 16-21
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Profit
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Employment
9,189
Businesses
1,801
Industry Analysis & Industry Trends

Horseraces and greyhound races are fixtures of Australia's sporting culture and the Melbourne Cup is the highlight of a $1.5 billion industry. However, industry participants have faced challenges over the past five years. Stagnant racing attendances and rising interest in alternative forms of gambling have affected industry players over this period. Racegoers have tended to splash out at marquee events during the Melbourne Spring Racing Carnival, such as the Melbourne Cup. However, ticket sales and revenue from non-event based thoroughbred, harness and greyhound races have declined... purchase to read more

Industry Report - Industry Locations Chapter

A large proportion of industry activity occurs in Victoria and New South Wales. Victoria in particular is known for its popular racing events such as the annual Spring Racing Carnival, which culminates in the Emirates Melbourne Cup. Harold Park Racetrack, the premier track in New South Wales, is well known for its rich harness race, the Miracle Mile. These events attract large attendances, contribute to enormous wagers, and generate prize money for both animal owners and trainers. In 2015, the winner of the Emirates Melbourne Cup will receive $3.6 million, while a total prize purse of $6.2 will be distributed.

The major racing clubs in Victoria are the Victoria Racing Club, Melbourne Racing Club and Moonee Valley Racing Club. Country racing is also prevalent in Victoria... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Horse and Dog Racing Industry?

Companies in the industry administer horse and dog racing activities, or operate horse and dog racing venues. Firms that operate horseracing stables or dog racing kennels, own racehorses or greyhounds, or provide related training services are also included in the industry.

Industry Products
Racing authority operationRacehorse and race dog ownershipRacetrack and race club operationRacehorse and race dog training
 
Industry Activities
Dog racecourse or racetrack operationHorse racecourse or racetrack operationRacing authority or board operationRace dog ownershipRacehorse ownershipRace dog trainingRacehorse trainingRacing kennel operationRacing stable operation


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