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 Key Buyers Chapter
The industry displays a low level of market share concentration. In 2014-15, the industry's four largest players are estimated to account for less than 40.0% of total revenue. The size of industry participants can vary significantly depending on their main operations. The industry's largest players are principal racing authorities and large race clubs. However, other racetrack and race club owners, particularly in small country towns and regions with less population, typically generate far less revenue than these major players. Several professional animal trainers dominate the industry's training segment. Smaller scale trainers generally operate as non-employing sole proprietors and receive little or no prize money... purchase to read more