A recent report has unveiled the substantial economic impact of the Australasian greyhound racing industry, revealing a staggering $2.6 billion annual contribution to the economy. The study conducted by leading firm IER, commissioned by Greyhounds Australasia, sheds light on the industry’s significant financial footprint, encompassing both direct economic activity and induced flow-on benefits.
The report emphasizes that the industry plays a pivotal role in supporting a multitude of jobs, with 15,748 full-time equivalent positions attributed to greyhound racing. These roles encompass direct employment as well as flow-on opportunities, collectively generating $1.41 billion in household income and bolstering local communities across regions.
While the industry directly employs over 6,500 individuals, its reach extends far beyond, encompassing a network of approximately 34,000 roles spread across Australia and New Zealand. Within this extensive network are 4,800 volunteers, 3,300 racing club and industry employees, 4,200 trainers, and 3,000 breeders, illustrating the diverse and interconnected nature of the greyhound racing community.
Commenting on the report’s findings, Greyhounds Australasia Chair Rob Vellar underscored the industry’s resilience and growth trajectory, attributing the positive outcomes to the dedication and strength of the greyhound racing community. Vellar emphasized the multifaceted contributions of the industry, from its economic value to the substantial employment opportunities and local engagement it fosters, portraying greyhound racing as a consistent driver of economic activity and community involvement.
With a steadfast commitment to animal welfare, integrity, and sustainability, greyhound racing stands poised to maintain its status as a vital economic and community cornerstone throughout Australasia. The industry’s enduring impact on employment, income generation, and regional development highlights its integral role in the broader economic landscape, showcasing its ability to drive growth and prosperity across diverse sectors.
As greyhound racing continues to evolve and adapt to changing landscapes and societal expectations, its emphasis on responsible practices and community engagement positions it as a key player in the ongoing dialogue surrounding sports industry sustainability and ethical considerations. By prioritizing values such as animal welfare and integrity, the greyhound racing sector not only secures its economic relevance but also cements its reputation as a conscientious and forward-thinking industry leader.
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