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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 2014

A slow race: Industry revenue has been declining due to flat attendance numbers

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 10-15
-4.1%
Annual Growth 15-20
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Profit
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Employment
9,506
Businesses
1,752
Industry Analysis & Industry Trends

Horseraces and greyhound races are fixtures of Australia's sporting culture. Horseracing is the only sport that warrants public holidays in various states, culminating in November's Melbourne Cup, the jewel of a $1.5 billion industry. However, industry participants have faced an array of challenges over the past five years. In August 2007, equine influenza (EI) threatened thoroughbred horseracing in Queensland and New South Wales, where several races were called off due to heavy quarantine restrictions. Although EI occurred outside the current five-year period, its after-effects have had a lasting impact on the industry.

Stagnant racing attendances and a rising interest in alternative forms of gambling have also affected the industry over the past five years... 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 focuses on the 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 2012-13, the winner of the Emirates Melbourne Cup received $3.6 million, with a $6.0 million in total distributed as prize money.

The major racing clubs in Victoria are the Victoria Racing Clubs, 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 mainly administer horse and dog racing activities, or operate horse and dog racing venues. Firms that mainly 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 kennels operationRacing stables operation


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