Racing Australia recently published the latest edition of the Australian Racing Fact Book. A Guide to the Racing Industry in Australia 2021–2022 outlines the key results and statistics from the Australian thoroughbred sector. The Fact Book includes wagering turnover on thoroughbred racing.
Key findings include:
- Thoroughbred wagering turnover in Australia was $29.144 billion (an increase of $1.910 billion or 7 per cent from 2020–2021). More than 65 per cent of this amount was derived from bets with Northern Territory bookmakers.
- Thoroughbred wagering turnover in Victoria via the TAB was $2.852 billion (an increase of $20 million or less than 1 per cent from 2020–2021).
Turnover is the expression used to describe the amount wagered. It is all the money bet before any winnings are paid out or losses incurred.