Daily News Archive

Search nearly 75,000 unique Daily News articles.

Daily News Subscription

Vic Spring Racing Generates $550m Gross Economic Benefit

Friday, 18th December 2009

Racing Victoria released the details of a report it commissioned from IER to highlight the economic benefits "generated by the Spring Racing Carnival for the Victorian economy". The 2008 Spring Racing Carnival (which ran over for 50 days from October 1-November 19) included 13 metropolitan & 76 country race meetings which attracted more that 758,000 attendees & "generated $549.8 million in gross economic benefit to the Victorian economy. The Carnival "also directly contributes in excess of $19.5 million to State Government revenue & a further $6.3 million in revenue to the Federal Government". (Mar 18)

« Previous
Return to
18th December 2009 News
Next »