THOROUGHBRED
RACING IN THE
AUSTRALIAN CAPITAL TERRITORY

+ there is 1 thoroughbred racing club operating in the Australian Capital Territory (ACT).
+ the thoroughbred racing industry in the ACT is responsible for generating more than $54.5 million in value added contribution to gross state product. This equates to 0.6% of the total impact generated by thoroughbred racing in Australia.
+ the economic impact generated by the thoroughbred racing industry in the ACT is responsible for sustaining a total of 429 full time equivalent (FTE) jobs in the region.
+ the thoroughbred racing industry in the ACT generates more than $31.4 million in household incomes for those employed in full-time, part-time and casual work.
more than 1,640 individuals are involved
in the thoroughbred racing industry as a participant, employee or volunteer.

THOROUGHBRED RACING IN
THE ACT IS RESPONSIBLE FOR GENERATING $54.5 MILLION IN VALUE ADDED ECONOMIC CONTRIBUTION

Key statistics

1 Club

2 Race Tracks

25 Race Meetings

192 Races

44,000 Attendances

KEY ECONOMIC IMPACTS

$54.5 million Total Economic Contribution

429 Total FTE Job Creation

$31.4 million Total Household Income Created

DIRECT SPENDING BY  THE THOROUGHBRED  RACING INDUSTRY IN
THE ACT

In 2016/17, the thoroughbred racing industry in the ACT generated more than $54.5 million in direct expenditure. The calculation of direct expenditure is based on the sum of the spending made by racing industry participants, businesses and customers as a result of the racing industry’s existence.
The following table illustrates the key drivers of the expenditure generated by the thoroughbred racing in the ACT:
SOURCE OF FINAL EXPENDITURE
FUNDED BY
AMOUNT
($ MIL)
Breeding - production of foals
+ Owner & breeder expenditure
+ Service fees revenue
+ Industry bonuses & incentives
$0.7
Training - preparation of horses for racing
+ Owner & trainer expenditure
+ Prizemoney
+ Industry bonuses & incentives
+ Nominations
$17.5
Racing & Wagering Activities
+ Net wagering revenues & product fees
+ Other raceday revenues
+ Non-raceday racing club revenues
+ Off-track racing customer spending
$36.3
TOTAL
$54.5

THE PEOPLE

79 Breeders

25 Trainers

1,220 Owners

26 Volunteers

THE ANIMALS

4 Broodmares Covered

3 Foals Produced

521 Horses in Training