Six months into his tenure as Racing SA CEO, Nick Bawden is seeing numbers which suggest a brighter future for racing in South Australia.
According to a recent report commissioned by the three codes, the South Australian thoroughbred racing industry has experienced year-on-year growth, underscoring its importance to the state’s economic health.
Prepared by IER, a company that specialises in measuring the impact of major events and evaluating the social and economic importance of sporting, cultural and entertainment sectors, the report found that racing made a value-added contribution of $727 million to the SA economy.
Thoroughbred racing accounted for more than $515 million of the overall impact in a report that outlines the economic and employment benefits of the three codes of racing to SA in 2023/24.
This was a 9 per cent increase on 2022/23. Greyhound racing rose 8 per cent from $125 million to $135 million while harness racing remained steady with a 2.7 per cent increase from $74 million to $76 million.
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