Harness racing industry generates more than $421 million for the Victorian economy
-18,622 people directly involved in the harness industry
- 3,991 full time jobs are directly sustained by the harness industry
- Coalition Government supporting industry through $80 million Victorian Racing Industry Fund
Premier of Victoria and Racing Minister Dr Denis Napthine has released a comprehensive study showing the continued growing social and economic importance of the racing industry across the state.
Dr Napthine unveiled the IER Victorian Racing Industry Size and Scope Study, which demonstrates the importance of harness racing to communities right across the state.
“The overall economic benefit to the state has increased by 33 per cent since 2006, with the overall racing industry generating more than $2.8 billion in economic activity in 2013,” Dr Napthine said.
“The harness racing industry alone generates more than $421.8 million for the Victorian economy representing a 63 per cent increase over the past eight years.”
The report also highlighted the impact of the harness racing industry on job creation, helping sustain 3,991 full time equivalent jobs.
There are more than 18,622 people participating in the harness industry as an employee, volunteer or participant.
“This shows how vital harness racing is to Victoria and the many people who work in or enjoy this wonderful industry,” Dr Napthine said.
“This ranges from occasional volunteers right through to owners and breeders who invest in the dream of breeding or owning a champion racehorse or greyhound.”
“Regional Victoria plays a particularly key role in the success of harness racing with economic benefits touching all regions across the state. Of all of the State’s harness racing’s economic benefits, 50 per cent of them are generated in regional Victoria.”
Other highlights for the harness industry in the report include:
· 160,400 attendees at racecourses throughout the year;
· 500 race meetings held;
· 4,006 races run;
· 3,576 horses in training; and
· 7,850 owners and syndicate members.
Harness Racing Victoria Chief Executive John Anderson said harness racing is very much a part of Victoria’s social fabric – particularly in rural and regional Victoria.
“Across the State of Victoria, nearly 4,000 people are employed in the sport adding $400 million annually to the economy. But it’s more than that. Harness racing is an affordable way for the whole family to actively participate in the racing industry,” Mr Anderson said.
The Size and Scope Report was a joint investment between the Coalition Government and the racing industry including Harness Racing Victoria.
Dr Napthine said the Coalition Government is a strong supporter of growing the racing industry particularly through its $80 million Victorian Racing Industry Fund (VRIF).
“VRIF helps grow the industry through building of new racing infrastructure, enhancement of integrity measures, support for the breeding industry and marketing of racing to new audiences,” Dr Napthine said.
To view the full size and scope of the Victorian Racing Industry document - click here
