Tuesday 3. January, 2017

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.

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PokiesPedia was last updated:
March 27, 2017

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