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