THOROUGHBRED
RACING IN TASMANIA

+ there are 4 thoroughbred racing clubs operating in Tasmania (TAS), 2 of which are in metropolitan areas, and 2 in regional areas.
+ the thoroughbred racing industry in TAS is responsible for generating more tha $92.2 million in value added contribution to gross state product. This equates to 1.0% of the total impact generated by thoroughbred racing in Australia.
+ the economic impact generated by the thoroughbred racing industry in TAS is responsible for sustaining a total of 753 full time equivalent (FTE) jobs in the region.
+ the thoroughbred racing industry in TAS generates more than $49.6 million in household incomes for those employed in full-time, part-time and casual work.
+ more than 3,700 individuals are involved in the thoroughbred racing industry as a participant, employee or volunteer.

THOROUGHBRED RACING IN TAS IS RESPONSIBLE FOR GENERATING $92.2 MILLION IN VALUE ADDED ECONOMIC CONTRIBUTION

Key statistics

4 Racing Clubs

METRO 2
REGIONAL 2

5 Race Tracks

METRO 4
REGIONAL 1

72 Race Meetings

METRO 49
REGIONAL 23

558 Races

METRO 393
REGIONAL 165

56,785 Attendances

METRO 46,385
REGIONAL 10,400

KEY ECONOMIC IMPACTS

$92.2 million Total
Economic Contribution

753 Total FTE Job
Creation

$49.6 million Total Household Income
Created

DIRECT SPENDING BY THE THOROUGHBRED RACING INDUSTRY
IN TASMANIA

In 2016/17, the thoroughbred racing industry in TAS generated more than $78.8 million in direct expenditure. The calculation of direct expenditure is based on the sum of the spending made by racing industry participants, businesses and customers as a result of the racing industry’s existence.
The following table illustrates the key drivers of the expenditure generated by the thoroughbred racing in Tasmania:
SOURCE OF FINAL EXPENDITURE
FUNDED BY
AMOUNT
($ MIL)
Breeding - production of foals
+ Owner & breeder expenditure
+ Service fees revenue
+ Industry bonuses & incentives
$7.8
Training - preparation of horses for racing
+ Owner & trainer expenditure
+ Prizemoney
+ Industry bonuses & incentives
+ Nominations
$20.6
Racing & Wagering Activities
+ Net wagering revenues & product fees
+ Other raceday revenues
+ Non-raceday racing club revenues
+ Off-track racing customer spending
$50.4
TOTAL
$78.8

THE PEOPLE

172 Breeders

METRO 79
REGIONAL 93

112 Trainers

METRO 37
REGIONAL 75

1,725 Owners

METRO 932
REGIONAL 793

386 Volunteers

METRO 96
REGIONAL 290

THE ANIMALS

17 Stallions

METRO 11
REGIONAL 6

342 Broodmares Covered

METRO 180
REGIONAL 162

233 Foals Produced

METRO 122
REGIONAL 111

1,114 Horses in Training

METRO 398
REGIONAL 716