Tasmanian racing benefits from growth in international exposure

Tuesday 9 August 2016

International interest in Tasmanian racing is helping the industry to become more sustainable; a priority of the Hodgman Liberal Government.

Tasracing recorded a massive 44 per cent increase in international product fees received in 2015-16 compared to the previous year, with the financial returns now becoming a significant source of revenue to the industry.

The fees delivered a record $670,000 to the Tasmanian racing industry in the last financial year, up from $473,000 in 2014-15.

A long-standing partnership between Tasracing and Sky Racing sees the latter broadcast vision of Tasmanian racing, across all three codes, around the world.

And the demand is growing, with revenue from France increasing by 28 per cent, 43 per cent in the United Kingdom and more than 130 per cent in Singapore.

The increase is also being delivered across the industry.

Harness racing was up 49 per cent, thoroughbreds grew by 43 per cent and greyhounds by 42 per cent.

The partnership with Sky is obviously critical to this success by providing international exposure for our industry.

The Government believes a sustainable business model is fundamental to the future of the Tasmanian racing industry, and we are pleased to see the results of this great work in international markets.