Almost $16 Billion Wagered on Thoroughbred Racing in 2015-16
Racing Australia released their Racing Australia’s Racing Season 2015/16 Factbook on Tuesday, January 3, 2017, revealing that almost $16 billion was wagered on Australian thoroughbred racing over the course of the year.
The Factbook was first published in 1999 and has become a vital resource for reviewing the Australian racing industry. Its data covers racing, ownership, breeding, sales, wagering and trends in the industry.
This year’s Factbook revealed that in the 2015/16 season, there were 19,393 races that 35,646 horses competed in. A total of $15,718.33 million was wagered with $9,805.83 wagered through TAB betting and further $5,912.50 wagered via bookmakers.
The amount of money paid out in prize money over the year increased by 8.16 percent to $568,865,514 compared to the previous year. In addition, $32,473,127 was offered via incentive scheme payouts. There are 37 races across Australia that offer $1 million or more in prize money, while there are eleven races that offer prize money of $2 million or more. The richest race in the country is the Melbourne Cup which offers $6 million in prizes. The Horse of the Year Winx was the highest earner collecting $5.43 million in prize money.
The state of Victoria is the leader in the industry with thirty Group 1 races, followed by NSW which has 27 and then Queensland with 8, South Australia which has 4 and Western Australia which has 3.
Australia has 3,458 licensed trainers and 873 registered jockeys. A total of 78,895 people raced a horse during the season. There were 2,651 race meetings throughout the year, run on 367 tracks at 375 race clubs. There are 471 bookmakers operating on course throughout the country.
March 27, 2017