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NSW Strategic Plan 2: Address "$20m TAB Shortfall"
Racing NSW identified a major issue "which should be addressed in the Plan" as the "decline in the industry's traditional revenue sources". Since 2001 NSW TAB turnover "has shown a cumulative average annual growth rate of 1.16%". The "deficiency of growth in racing wagering revenue on the NSW TAB against the CPI amounted to a revenue shortfall in real terms of more than $20 million per annum". This shortfall has resulted in:
- NSW thoroughbred Race Clubs sustaining losses. In 2008-09 the combined net loss of NSW clubs was $13.9 million.
- An increasing deficiency in collective returns to owners compared to the costs they incur in participating in racing. Currently, owners as a group incur costs of $250 million to race their horses, yet their returns after allowing for trainers' & jockeys' percentages are only $113 million. This represents 45% of their costs. Importantly these costs do not include the price of purchasing the horse.