Racing Industry
Racing in Australia is administered by the Australian Racing Board, with each state's Principal Racing Authority agreeing to abide by, and to enforce, the Australian Rules of Racing.
Besides being a spectator sport, horseracing is also an industry, which provides full- or part-time employment for almost 250,000 people, the equivalent of 77,000 jobs. About 300,000 people have a direct interest as individual owners of, or members of syndicates which own, the 30,000 horses in training in Australia. There are bookmakers, over 3,600 registered trainers and more than 1,000 jockeys, plus farriers and veterinarians involved at race meetings alone. Race meetings are oraganised by approximately 374 race clubs that conduct about 2,694 meetings on 360 racecourses around Australia for over $427,245,000 in prize-money.
Read more about this topic: Thoroughbred Racing In Australia
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