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 Locations Chapter
The majority of industry activity occurs in Victoria and New South Wales. Victoria in particular is known for having a strong racing industry, as the annual Spring Racing Carnival (the industry's largest event), is centred around Melbourne, and the Melbourne Cup. Harold Park Racetrack, the premier track in New South Wales, is well known for its rich harness race, the `Miracle Mile'.
The major racing clubs in Victoria are the Victoria Racing Clubs, Melbourne Racing Club and Moonee Valley Racing Club. However, an area which IBISWorld has identified as a growth sector is that of country racing in Victoria... purchase to read more