Horse and Dog Racing in Australia - Market Research Report

Horse and Dog Racing industry trends (2014-2019)

poll Average industry growth 2014–2019: 1.2%

Horse and greyhound races are fixtures of Australia's sporting culture and the annual Melbourne Cup is the highlight of the Horse and Dog Racing industry. However, industry participants have faced challenges over the past five years. Declining racing attendance numbers and rising interest in alternative forms of entertainment and gambling have affected industry operators over the period. Additionally, ticket sales and revenue from other thoroughbred, harness and greyhound races have declined over the past five years. The increasing popularity of sports betting sites that are accessible on a range of different platforms has also reduced the share of gambling expenditure on racing. This trend has constrained a key revenue source for racing authorities...
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Horse and Dog Racing industry outlook (2019-2024)

poll Average industry growth 2019-2024: x.xlockPurchase this report or a membership to unlock the average company profit margin for this industry.

The Horse and Dog Racing industry is forecast to fare better over the next five years compared to the previous five-year period. The industry has already displayed signs of a recovery, with ongoing marketing, branding and promotions slowly improving consumer interactions with race meetings. These strategies, along with the introduction of point of consumption gambling taxes, are anticipated to benefit industry operators over the next five years. While race day attendances will likely continue to fall, more easily accessible online broadcasts of race events are anticipated to result in increased wagering turnovers over the next five years. This trend will likely be assisted by forecast growth in per capita gambling expenditure, driven by expanding hou...
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Horse and Dog Racing industry statistics

  • business Number of Businesses: 2,221
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 8,732

Biggest companies in the Horse and Dog Racing industry

The companies holding the largest market share in the Horse and Dog Racing in Australia industry include Victoria Racing Club Limited, Racing Victoria Limited, Racing and Wagering Western Australia, Racing Queensland Board and Australian Turf Club Limited.

  • pie_chart Victoria Racing Club Limited Market Share: x.x%
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  • pie_chart Racing Victoria Limited Market Share: x.x%
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  • pie_chart Racing and Wagering Western Australia Market Share: x.x%
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  • pie_chart Racing Queensland Board Market Share: x.x%
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  • pie_chart Australian Turf Club Limited Market Share: x.x%
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What is Horse and Dog Racing industry?

Industry Definition

Industry companies administer horse and dog racing activities, or operate horse and dog racing venues. Firms that operate horseracing stables or dog racing kennels, own racehorses or greyhounds, or provide related training services are also included in the industry.

Industry Products and Services

  • Racing authority operation
  • Racehorse and race dog ownership
  • Racetrack and race club operation
  • Racehorse and race dog training
  • All Others

Industry Activities

  • Dog racecourse or racetrack operation
  • Horse racecourse or racetrack operation
  • Racing authority or board operation
  • Race dog ownership
  • Racehorse ownership
  • Race dog training
  • Racehorse training
  • Racing kennel operation
  • Racing stable operation

Market research report - table of contents

Industry Definition

Industry companies administer horse and dog racing activities, or operate horse and dog racing venues. Firms that operate horseracing stables or dog racing kennels, own racehorses or greyhounds, or provide related training services are also included in the industry.

Main Activities

  • Dog racecourse or racetrack operation
  • Horse racecourse or racetrack operation
  • Racing authority or board operation
  • Race dog ownership
  • Racehorse ownership
  • Race dog training
  • Racehorse training
  • Racing kennel operation
  • Racing stable operation

Similar Industries

Additional Resources

Industry Statistics Snapshot

Industry Structure

Executive Summary

Key External Drivers

Demand for substitute gambling activities, particularly casino gambling and wagers that are placed on sporting matches, negatively affects the industry's ...
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Demand from gambling activities
Average weekly hours worked
Pay-TV density
Per capita gambling expenditure

Current Performance

Industry structure
Cobalt scandal
Greyhound racing inquiry
 Chart: Revenue Growth

Industry Outlook

Wagering landscape
Consolidation
 Table: Horse and Dog Racing in Australia - Market Research Report Industry Revenue Outlook

Industry Life Cycle

Life Cycle Reasons
 Chart: Benchmarking - Horse and Dog Racing in Australia - Market Research Report Industry Lifecycle vs The Economy

Supply Chain

Key Buying Industries

Horse Farming in Australia
Horse and Sports Betting in Australia
Free-to-Air Television Broadcasting in Australia
Pay Television in Australia
Consumers in Australia


Key Selling Industries

Horse Farming in Australia
Veterinary Services in Australia





Products & Services

The Horse and Dog Racing industry includes large and small operators that offer a range of services. Larger clubs and companies typically offer services s...
Racetracks and race clubs
Racehorse and race dog owners
Other markets
Animal breeders


Demand Determinants

The Horse and Dog Racing industry generates revenue in a range of ways, including through prize money, wagering activities, racetrack operation, race club...
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Major Markets

Racetracks and race clubs
Racehorse and race dog owners
Other markets
Animal breeders



 Chart: Major Market Segmentation for the Horse and Dog Racing in Australia - Market Research Report Industry

International Trade

Business Locations

Chart: Business Locations by State Chart: Business Locations by State

Market Share Concentration

The Horse and Dog Racing industry displays low market share concentration. The industry's four largest players are estimated to account for under 40% of t...
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Key Success Factors

Cost Structure Benchmarks

Profit, Purchases, Wages, Other Costs
 Chart: Cost Structure Benchmarking – Sector vs Horse and Dog Racing in Australia - Market Research Report

Basis of Competition

Internal competition
External competition

Barriers to Entry

 Table: Barriers to Entry Checklist for the Horse and Dog Racing in Australia - Market Research Report Industry

Industry Globalization

Victoria Racing Club Limited (VRC) is an Australian-owned public company that facilitates race meetings and provides horse training facilities. From its f...
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Victoria Racing Club

 Table: Victoria Racing Club - financial performance

Racing Victoria

 Table: Racing Victoria - financial performance

Racing & Wagering WA

 Table: Racing & Wagering WA - financial performance

Racing Queensland Board

 Table: Racing Queensland Board - financial performance

Australian Turf Club

 Table: Australian Turf Club - financial performance

Capital Intensity

The Horse and Dog Racing industry is characterised by a medium level of capital intensity. For every dollar paid as wages, an estimated $0.21 is spent on ...
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 Chart: Level of Capital Intensity for the Horse and Dog Racing in Australia - Market Research Report Industry
 Chart: Tools of the Trade: Growth Strategies for Success

Technology & Systems

Revenue Volatility

Chart: Volatility vs Industry Growth Chart: Volatility vs Industry Growth

Regulation & Policy

Industry Assistance

Table: Industry data Table: Industry Data for the Horse and Dog Racing in Australia Industry

Industry Revenue (2007-2025)
Industry Gross Product (2007-2025)
Establishments (2007-2025)
Businesses (2007-2025)
Employment (2007-2025)
Exports (2007-2025)
Imports (2007-2025)
Wages (2007-2025)
Domestic Demand (2007-2025)

Table: Annual Percentage Change for Key Industry Data Table: Annual Percentage Change for Key Industry Data

Table: Key Ratios for Industry Key Dat Table: Key Ratios for Industry Key Data

Table: Industry Financial Ratios Table: Industry Financial Ratios

Liquidity Ratios
Coverage Ratios
Leverage Ratios
Operating Ratios
Cash Flow & Debt Service Ratios (% of Sales)
Assets, %
Liabilities, %

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Included in Report

  • Industry Financial Ratios
    Industry Financial Ratios
  • Revenue Forecasts
    Revenue Forecasts
  • Historical and Forecast Growth
    Historical and Forecast Growth
  • Industry Market Size
    Industry Market Size
  • Industry Major Players
    Industry Major Players
  • Profitability Analysis
    Profitability Analysis
  • SWOT Analysis
    SWOT Analysis
  • Industry Trends
    Industry Trends
  • Industry Operating Conditions
    Industry Operating Conditions
  • Porter's 5 Forces Analysis
    Porter's 5 Forces Analysis

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This report on Horse and Dog Racing in Australia:

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The Horse and Dog Racing in Australia market research report includes:

  • Historical data and analysis for the key drivers of this industry
  • A five-year forecast of the market and noted trends
  • Detailed research and segmentation for the main products and markets
  • An assessment of the competitive landscape and market shares for major companies
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