THOROUGHBRED
RACING IN VICTORIA

+ there are 69 thoroughbred racing club operating in Victoria (VIC), 3 of which are in metropolitan areas and 66 in regional areas.
+ the thoroughbred racing industry in VIC is responsible for generating more than $3,187.1 million in value added contribution to gross state product. This equates to 34.8% of the total impact generated by
thoroughbred racing in Australia.
+ the economic impact generated by the thoroughbred racing industry in VIC is responsible for sustaining a total of 25,157 full time equivalent (FTE) jobs in the region.
+ the thoroughbred racing industry in VIC generates more than $1,734.0 million in household incomes for those employed in full-time, part-time and casual work.
+ nearly 46,200 individuals are involved in the thoroughbred racing industry as a participant, employee or volunteer.

THOROUGHBRED RACING IN VIC IS RESPONSIBLE FOR GENERATING $3.1 BILLION IN VALUE ADDED ECONOMIC CONTRIBUTION

Key statistics

69 Racing Clubs

METRO 3
REGIONAL 66

67 Race Tracks

METRO 3
REGIONAL 64

551 Race Meetings

METRO 70
REGIONAL 481

4,431 Races

METRO 605
REGIONAL 3,826

1,339,240 Attendances

METRO 753,985
REGIONAL 585,255

KEY ECONOMIC IMPACTS

$3,187.1 million Total
Economic Contribution

25,157 Total FTE Job
Creation

$1,734.0 million Total
Household Income Created

DIRECT SPENDING BY THE THOROUGHBRED RACING INDUSTRY IN VICTORIA

In 2016/17, the thoroughbred racing industry in VIC generated more than $2,068.2 million in direct expenditure. The calculation of direct expenditure is based on the sum of the spending made by racing industry participants, businesses and customers as a result of the racing industry’s existence.
The following table illustrates the key drivers of the expenditure generated by the thoroughbred racing in Victoria:
SOURCE OF FINAL EXPENDITURE
FUNDED BY
AMOUNT
($ MIL)
Breeding - production of foals
+ Owner & breeder expenditure
+ Service fees revenue
+ Industry bonuses & incentives
$177.1
Training - preparation of horses for racing
+ Owner & trainer expenditure
+ Prizemoney
+ Industry bonuses & incentives
+ Nominations
$349.7
Racing & Wagering Activities
+ Net wagering revenues & product fees
+ Other raceday revenues
+ Non-raceday racing club revenues
+ Off-track racing customer spending
$1,541.2
TOTAL
$2,068.2

THE PEOPLE

2,054 Breeders

METRO 612
REGIONAL 1,442

942 Trainers

METRO 50
REGIONAL 892

26,470 Owners

METRO 11,690
REGIONAL 14,780

5,543 Volunteers

METRO 885
REGIONAL 4,657

THE ANIMALS

130 Stallions

METRO 0
REGIONAL 130

4,664 Broodmares
Covered

METRO 0
REGIONAL 4,664

3,177 Foals Produced

METRO 6
REGIONAL 3,171

10,559 Horses in Training

METRO 2,931
REGIONAL 7,628