{"id":777031525,"date":"2025-09-10T10:46:38","date_gmt":"2025-09-10T13:46:38","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777031525"},"modified":"2026-04-21T19:17:23","modified_gmt":"2026-04-21T22:17:23","slug":"greyhound-racing-industry-contributed-us1-62bn-to-the-australian-economy-in-fy23-study-finds","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/greyhound-racing-industry-contributed-us1-62bn-to-the-australian-economy-in-fy23-study-finds","title":{"rendered":"Greyhound racing industry contributed US$1.62bn to the Australian economy in 2023, study finds"},"content":{"rendered":"\n<p>Simon Stout, CEO of Greyhounds Australasia, said the study demonstrates the &#8220;substantial financial benefit&#8221; the greyhound racing industry provides.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p>Australia.-\u00a0Greyhound Racing NSW<strong> (GRNSW)<\/strong>\u00a0has 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.<\/p>\n\n\n\n<p>The report, conducted by market research company IER and supported by Responsible Wagering Australia (RWA), shows that the industry generated <strong>AU$731.4m in tax for federal, state, and local governments<\/strong>.<\/p>\n\n\n\n<p>In <strong>New South Wales<\/strong>, the sector generated AU$234.7m in taxes with a net contribution of AU$221.3m; <strong>Victoria <\/strong>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; <strong>Western Australia <\/strong>AU$62.8m and AU$53.2m; <strong>South Australia <\/strong>AU$44.5m, and AU$43.8m; <strong>Tasmania<\/strong> AU$15.8m and AU$10.4m; <strong>Northern Territory<\/strong> AU$14.6m and <strong>Australian Capital Territory <\/strong>AU$6.2m.<\/p>\n\n\n\n<p><strong>Simon Stout<\/strong>, CEO of Greyhounds Australasia, said: &#8220;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&#8217;s vital role in the national economy.&#8221;<\/p>\n\n\n\n<p>According to the report, the greyhound racing industry supports <strong>14,694 full-time equivalent (FTE) jobs\u00a0<\/strong>across the country. A total of 4,200 race meetings and more than 47,500 races\u00a0were hosted in 2022-23 at 56 greyhound racing clubs.<\/p>\n\n\n\n<p>Animal welfare bodies have advocated for a ban on the activity, especially in <a href=\"https:\/\/focusgn.com\/asia-pacific\/study-slams-tasmanian-governments-greyhound-racing-funding-as-unsustainable\" target=\"_blank\" rel=\"noreferrer noopener\">Tasmania<\/a> 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Simon Stout, CEO of Greyhounds Australasia, said the study demonstrates the &#8220;substantial financial benefit&#8221; the greyhound racing industry provides.<\/p>\n","protected":false},"author":176,"featured_media":777003546,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"A study commissioned by Greyhounds Australasia reveals the Australian greyhound racing industry contributed nearly AU$2.45bn to the national economy and generated AU$731.4m in tax revenue in FY2022-2023. The report, supported by Responsible Wagering Australia, highlights the industry's economic significance and job creation, even as animal welfare bodies advocate for bans in several jurisdictions, including New Zealand and Wales.","focusai_entities":"Simon Stout, Greyhounds Australasia, Greyhound Racing NSW, IER, Responsible Wagering Australia","focusai_location":"Australia, New South Wales, Victoria, Queensland, Western Australia, South Australia, Tasmania, Northern Territory, Australian Capital Territory, New Zealand, Wales, UK","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.7), operator_casino (0.7), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact of National Ban?","query":"Given the substantial tax contributions across various states, what specific government services or infrastructure projects are directly funded by greyhound racing revenue, and how would these be impacted by a national ban or widespread state-level prohibitions?"},{"label":"Economic vs. Welfare Costs?","query":"How do the economic benefits outlined in the IER report compare to the estimated economic and social costs associated with animal welfare concerns, potential reputational damage to the broader wagering industry, and the cost of industry transition or closure?"}],"footnotes":""},"categories":[16336,155],"tags":[289],"class_list":["post-777031525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-sports-betting-news","tag-australia"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031525","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777031525"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031525\/revisions"}],"predecessor-version":[{"id":777031531,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777031525\/revisions\/777031531"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777003546"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777031525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777031525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777031525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}