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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 | Oct 2013

A slow race: Falling attendance and tighter regulations threaten revenue

IBISWorld’s Horse and Dog Racing market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 09-14
-2.9%
Annual Growth 14-19
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Profit
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Employment
14,189
Businesses
2,052
Industry Analysis & Industry Trends

Horse racing and greyhound racing are fixtures of Australian sporting culture. Horse racing is the only sport in Australia's athletically obsessed culture that warrants public holidays in various states, culminating in November's Melbourne Cup as the jewel of a $1.6 billion industry.

However, horse racing has been facing challenges from all angles over the past five years. In 2007-08, equine influenza (EI) hammered horse racing in Queensland and New South Wales, where a number of races were called off due to heavy quarantine restrictions. After months on the sidelines, racing returned to normal. By March 2008, Australia was declared EI-free. Consequently, the industry began to recover... purchase to read more

Industry Report - Industry Analysis Chapter

Horses, dogs and people are the three crucial ingredients to success for horse and dog racing organisations. Until 2007, all three were in abundance, but this was not to last. In the wake of an outbreak of equine influenza (EI) during 2007-08, punters were slow to return to the races.

General attendance by regular racegoers is further hampering the industry. Groups like Tabcorp offer convenient gambling to the public and the proliferation of corporate bookmaker services available online and on smartphones is leading to drops in attendance. Revenue will remain below the highs experienced prior to the EI outbreak, as government restrictions and tighter quarantine measures result in some international horses being restricted from participating in local competition... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Horse and Dog Racing Industry?

Horse and dog racing operators run racing and training facilities. Horse racing includes racing horses that are ridden or pull a vehicle. Breeding, wagering and other ancillary services are not included in the industry.

Industry Products
Animal ownershipAnimal trainingClub and track ownershipRacing authority operation
 
Industry Activities
Dog training for racingGreyhound trainingRacecourse or track operation Racehorse trainingRacing stables operationRacing kennels operationTrotting club operation


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