Horse and Dog Racing in Australia - Market Research Report

error_outline Covid-19 Impact Update - Horse and Dog Racing in Australia

IBISWorld's analysts constantly monitor the industry impacts of current events in real-time – here is an update of how this industry is likely to be impacted as a result of the global COVID-19 pandemic:

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The majority of the Sports and Recreation Activities subdivision is expected to be largely unaffected by the COVID-19 outbreak.

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The Sports and Recreation Facilities Operation and the Sports Administrative Services industries may be potentially impacted if the situation escalates and there are delays or cancellations of large-scale sporting events.

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There are currently no plans to play sporting matches behind closed doors or cancel any sporting events, although attendances may fall for some sporting events. However, any delays or cancellations of large-scale sporting events can mean significant lost revenue or costs for stadium operators and sports administrators.

The content in this report is currently being updated to reflect the trends outlined above.

Horse and Dog Racing industry trends (2014-2019)

poll Average industry growth 2014–2019: 4.9%

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 attendance at racing events and rising interest in alternative forms of entertainment and gambling have negatively 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. Growing animal welfare concerns among the Australian public have also softened demand for racing events. In particular, media coverage of former race horses being sent to abattoirs and an inquiry into greyhound racing in New...
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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 continue declining over the next five years. Race day attendances are projected to continue decreasing over the period. Increasing animal welfare concerns and growing competition from other events and media are projected to drive the industry's decline. In addition, per capita gambling expenditure is anticipated to fall over the next five years, further limiting the industry's performance. However, streaming of race events through online betting apps and other online media is anticipated to increase the industry's presence and accessibility. Expanding household incomes over the period are also likely to benefit the industry, as consumers will have increased spending power for on-track services, such as...
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Horse and Dog Racing industry statistics

  • business Number of Businesses: 2,202
  • poll Average Industry Profit Margin: x.x%
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  • supervisor_account Industry Employment: 8,329

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 Queensland Board, Australian Turf Club Limited and Racing and Wagering Western Australia.

  • 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 Queensland Board Market Share: x.x%
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  • pie_chart Australian Turf Club Limited Market Share: x.x%
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  • pie_chart Racing and Wagering Western Australia 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
Expenditure on recreation and culture
Per capita gambling expenditure
Pay-TV density

Current Performance

Industry structure
Animal welfare concerns
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 moderate market share concentration. The industry's four largest players are estimated to account for just over...
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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 Queensland Board

 Table: Racing Queensland Board - financial performance

Australian Turf Club

 Table: Australian Turf Club - financial performance

Racing & Wagering WA

 Table: Racing & Wagering WA - financial performance

Capital Intensity

The Horse and Dog Racing industry is characterised by moderate capital intensity. For every dollar paid as wages, an estimated $0.22 is spent on capital i...
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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 (2007-2026)
Industry Gross Product (2007-2026)
Establishments (2007-2026)
Businesses (2007-2026)
Employment (2007-2026)
Exports (2007-2026)
Imports (2007-2026)
Wages (2007-2026)
Domestic Demand (2007-2026)

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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  • Includes the necessary information to perform SWOT, PEST and STEER analysis.
  • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
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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
  • And of course, much more

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