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Australia's Racing Industry Growing

27 February 2003

AUSTRALIA – As reported by the Thoroughbred Times: "A report on the status of Thoroughbred racing in Australia shows a growing industry that has pumped billions of dollars into the nation's economy.

"Racing contributed $4.66-billion (US$2.82 billion) to the Australian economy in 2001, according to the study, conducted by the Australian Racing Board.

"…Approximately 240,000 Australians are employed in the Thoroughbred industry, and at least 1.7-million attend races in the nation at least once a year, according to Asia Pulse analysts…"

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