Appendix 2 The Victorian 1,015 race meetings; 11,789 races; with greyhound racing 91,020 greyhound starts; and industry 187,790 total track attendees. Modern greyhound racing involves a There are currently 8,980 greyhound field of up to eight dogs racing around owners (including syndicates), 2,682 a circular track in pursuit of a trainersand 728 breeders. Overall, the mechanically Victorian industry supports an operated artificial lure. Track racing estimated 3,015 full-time equivalent utilising artificial lures commenced in jobs. Australia in 1927 and the use of live prey The number of stakeholders, monies was banned in Victoria in the late wagered, race meetings, stake 1960s. monies and total attendees are growing. Race meetings throughout Australia In financial year 2013-2014: are conducted by State or Territory Victoria TAB wagering turnover Controlling Bodies as prescribed by increased by 3.1% to $0.82 the Racing Act in each state (see billion. Figure Total income earned by 1). In Victoria, GRV is the GRV from wagering and Controlling Body under the Racing other sources was $71 Act 1958. million. GRV distributed approximately Figure 1: Legislative structure $41million in prize money to owners, representing record levels for greyhound racing. Greyhounds Australasia, a Stake money paid was $38 million, national body made up of more than double the $17 million paid representatives from each State and in 2004 Territory Controlling Body (along with GRV increased its code revenue representatives from New Zealand market share against the other Greyhound Racing), Victorian racing codes by 0.92%. It now accounts promotes national co-operation and for 20.13% of Victoria TAB uniformity between the jurisdictions. wagering revenue compared to 67.22% for thoroughbred racing The Victorian greyhound racing industry is the accounts and 12.65% for harness second largest in Australia after New South racing. Wales. Thirteen greyhound clubs across the state consist of 1,739 club members. In 2013 these clubs hosted:
Appendix 2 The Victorian greyhound racing industry Modern greyhound racing involves a field of up to eight dogs racing around a circular track in pursuit of a mechanically operated artificial lure. Track racing utilising artificial lures commenced in Australia in 1927 and the use of live prey was banned in Victoria in the late 1960s. Race meetings throughout Australia are conducted by State or Territory Controlling Bodies as prescribed by the Racing Act in each state (see Figure 1). In Victoria, GRV is the Controlling Body under the Racing Act 1958. Figure 1: Legislative structure Greyhounds Australasia, a national body made up of representatives from each State and Territory Controlling Body (along with representatives from New Zealand Greyhound Racing), promotes national co-operation and uniformity between the jurisdictions. The Victorian greyhound racing industry is the second largest in Australia after New South Wales. Thirteen greyhound clubs across the state consist of 1,739 club members. In 2013 these clubs hosted: 1,015 race meetings; 11,789 races; with 91,020 greyhound starts; and 187,790 total track attendees. There are currently 8,980 greyhound owners (including syndicates), 2,682 trainersand 728 breeders. Overall, the Victorian industry supports an estimated 3,015 full-time equivalent jobs. The number of stakeholders, monies wagered, race meetings, stake monies and total attendees are growing. In financial year 2013-2014: Victoria TAB wagering turnover increased by 3.1% to $0.82 billion. Total income earned by GRV from wagering and other sources was $71 million. GRV distributed approximately $41million in prize money to owners, representing record levels for greyhound racing. Stake money paid was $38 million, more than double the $17 million paid in 2004 GRV increased its code revenue market share against the other Victorian racing codes by 0.92%. It now accounts for 20.13% of Victoria TAB wagering revenue compared to 67.22% for thoroughbred racing accounts and 12.65% for harness racing.
GreyhoundReport_final_12Nov2015_v9.docx