Horse Racing

Turnover on Victorian horse racing skyrockets, but ‘headwinds’ to impact future growth

Summarized by: Live Sports Direct
 

Turnover on free bets and generosities from corporate bookmakers from Racing Victoria surpassed $9 billion for the first time in 2021-22. The growth in free bet and generator revenue has been rapid. New chief executive Andrew Jones warns the numbers are slowing down this financial year. The company's joint venture deal with VicTAB was impacted by COVID lockdowns and retail venue closures. However, the company recorded a 4.6% increase in revenue and a surplus of $13.9 million. Midweek twilight meetings recorded 16. 6% growth.

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