What’s happening?
Queensland’s racing industry continues to deliver economic momentum, with the latest Racing Queensland Size and Scope Report revealing a $50 million increase in industry value from FY23 to FY24. The sector now contributes nearly $2.5 billion annually to the state’s economy.
Why it matters?
This growth affirms the racing industry’s vital role in Queensland’s economy—especially in regional areas. It also underpins nearly 14,500 full-time jobs and supports thousands of participants in thoroughbred, harness, and greyhound racing across the state.
Local Impact
In Mackay alone, the racing industry injects close to $40 million annually, boosting jobs, tourism, and small business activity. Across regional Queensland, more than half of the industry’s economic contribution flows directly into local communities.
By the Numbers:
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The total value added by the industry has increased 104% since FY16, with full-time employment rising from 9,546 to 14,472.
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49,248 people are currently involved in the Queensland racing industry.
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The State hosts around 32 race meetings per week, involving participants from Birdsville to Cooktown.
Zoom In
Minister for Racing Tim Mander said, “Racing Queensland’s latest Size and Scope Report once again highlights the sheer size and strength of the State’s racing industry.” He emphasised the industry’s ongoing significance: “The racing industry continues to be a vital contributor to Queensland, headlined by its near $2.5 billion annual contribution to the state’s economy, whilst continuing to support close to 14,500 full-time jobs.”
Minister Mander also confirmed that the Crisafulli Government is conducting a wide-ranging review: “We are currently undertaking the most significant Racing Review in decades encompassing all three codes. The focus of this review is ensuring a vibrant, sustainable future for the sector. I am looking forward to receiving the Review and its recommendations later this year.”
Zoom Out
RQ Chair Steve Wilson AM echoed the pride in the industry’s resilience and community impact: “Racing runs through the veins of so many Queenslanders, and the sheer size and scale of our industry remains remarkable.” He added, “It’s a significant achievement that, despite ongoing challenges, the industry has maintained a continued rise in value added contribution, with more than half directly benefiting regional economies.”
What to Look For Next?
The racing community and stakeholders await the outcomes of the Crisafulli Government’s comprehensive Racing Review. This will inform strategies to ensure sustainability across all three codes—thoroughbred, harness, and greyhound—well into the future.
