SA TROTS Media Release IER Report

The South Australian Racing Industry Generates $669.7 Million in Economic Value to the State
A new report from IER, commissioned by the South Australian racing industry, highlights the substantial economic, social and community benefits that the Racing Industry in South Australia contributed to the state economy across 2022/23.
The report highlights the contributions directly attributed to the State from the three racing codes; Thoroughbred, Harness and Greyhound Racing.
The economic impacts generated by the racing industry were substantial, with a total direct expenditure of $573.1 million. This expenditure resulted in a direct value added impact of $211.8 million (wages, salaries and profits), which increased to over $669.7 million when flow-on effects were taken into account.
The racing industry was responsible for sustaining 4,971 full-time equivalent (FTE) jobs across the state with significant number of individuals engaged within the racing industry. There were over 12,259 participants, including employees, trainers, breeders, owners, jockeys, and drivers. The industry was supported by more than 2,100 volunteers who provided their time and resources. These individuals played a crucial role in the success and sustainability of the racing industry.
The report also highlighted the regional distribution of economic activity. The Outer Adelaide and Murraylands regions represented the largest regional areas of racing-related economic activity, accounting for 11.5% and 8.3% of the total value added impact, respectively. Overall, 33% of the value added contribution directly benefited regional economies.
In addition to the economic impacts, the racing industry played a vital role in the social and community fabric of South Australia. Thoroughbred, harness, and greyhound racing events brought together family and friends for a social experience, connected people with diverse backgrounds, and reinforced the values of the community. The industry also contributed to the tourism profile of towns and cities, supporting local businesses and educating visitors about the local community.
Racing SA Chair Rob Rorrison reinforced, “The South Australian racing industry has a strong presence in regional communities, with over 55% of the roles in racing located outside metropolitan areas. This demonstrates the industry’s contribution to regional employment and community engagement.
This report also highlights the importance of the racing industry to the South Australian economy and its role in fostering social and community connections. The industry’s economic value, employment opportunities, and community engagement make it a significant contributor to the overall well-being of the state”.

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