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IFHA Conference 1: Global Betting $151bn
Horseracing takes place somewhere in the world every 3 minutes & in 2007 "that involved 233,161 different thoroughbreds participating in 154,498 races" reported racingpost.co.uk. And last year the sport "produced turnover of €89 billion (A$151.3bn) of which Japan alone contributed €19 billion (A$32.2bn)". The figures are contained in a detailed analysis titled The Economics Of Racing presented to the International Federation Of Horseracing Authorities conference in Paris. Other key statistics included:
- Nearly 320,000 horses were involved in the thoroughbred breeding industry: around 9,000 stallions covering 192,000 mares to produce around 118,000 foals.
- There are around 1,500 racecourses world-wide which staged 146,710 flat races & 7,788 over jumps. The global average number of runners was 9.3 on the flat & 10.8 over jumps, with the average starts per horse 6.4 & 4.3 respectively. Ireland had the biggest average field sizes (13.2 flat &15.0 jumps).
- Total betting tax was around €7.3 billion (A$12.4bn). Australian bookmakers made the highest return to punters (90%).
- Global prize-money was €2.3 billion (A$3.91bn). Average prize-money per race was highest in Hong Kong at €91,558 (A$155,000).
- The US produced the most foals (34,350) followed by Australia (18,255) & Ireland (12,633). Britain produced 5,839.