The Australian thoroughbred racing industry is comprised of thoroughbred racing in each State and Territory of Australia. Principal racing authorities in each State and Territory are charged with the responsibility of running their industry whilst racing clubs manage the day to day operation of the racing activities. There are 370 thoroughbred racing clubs in Australia, the majority of which are in regional areas.
In 2016/17 there were 2,175 TAB race meetings and a further 461 non-TAB race meetings. These race meetings attracted attendances in excess of 4.2 million – 58.7% of which were in regional areas.
Thoroughbred racing in Australia is responsible for generating more than $9,153 million in value added contribution to the economy. This economic impact is most heavily driven by wagering revenues (for the industry, operators and the Government) as well as investment by the breeding and training sector.
This economic activity is responsible for supporting 79,100 full time equivalent jobs nationally. More than 45% of this employment is directly related to racing activities, whilst the remainder is created within industries that support racing.