Simon Stout, CEO of Greyhounds Australasia, said the study demonstrates the “substantial financial benefit” the greyhound racing industry provides.
Australia.- Greyhound Racing NSW (GRNSW) has shared the results of a study commissioned by Greyhounds Australasia (GA) that reveals that the Australian greyhound racing industry generated nearly AU$2.45bn (US1.62bn) in value-added contribution to the Australian economy in the financial year 2022-2023.
The report, conducted by market research company IER and supported by Responsible Wagering Australia (RWA), shows that the industry generated AU$731.4m in tax for federal, state, and local governments.
In New South Wales, the sector generated AU$234.7m in taxes with a net contribution of AU$221.3m; Victoria generated AU$216.3m and a net contribution of AU$198.3m, Queensland AU$136.4m and a net tax contribution of AU$97.9m; Western Australia AU$62.8m and AU$53.2m; South Australia AU$44.5m, and AU$43.8m; Tasmania AU$15.8m and AU$10.4m; Northern Territory AU$14.6m and Australian Capital Territory AU$6.2m.
Simon Stout, CEO of Greyhounds Australasia, said: “The study demonstrates the substantial financial benefit the greyhound racing industry provides to communities and governments across Australia. The tax revenue generated supports a wide range of public services and infrastructure, underscoring the industry’s vital role in the national economy.”
According to the report, the greyhound racing industry supports 14,694 full-time equivalent (FTE) jobs across the country. A total of 4,200 race meetings and more than 47,500 races were hosted in 2022-23 at 56 greyhound racing clubs.
Animal welfare bodies have advocated for a ban on the activity, especially in Tasmania and Queensland. New Zealand has announced plans to end greyhound racing by July 2026, while Wales aims to become the first UK nation to introduce a ban.
Simon Stout, CEO of Greyhounds Australasia, said the study demonstrates the “substantial financial benefit” the greyhound racing industry provides. Australia.- Greyhound Racing NSW (GRNSW) has shared the results of a study commissioned…
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