<
https://www.theguardian.com/news/2025/aug/14/victoria-could-save-nearly-500m-over-10-years-by-scrapping-greyhound-racing-estimates-show>
"The Victorian government could save almost half a billion dollars if it
follows Tasmania in phasing out greyhound racing in the state, according to
independent analysis.
A policy costing by the Parliamentary Budget Office (PBO), to be released on
Thursday, estimates the government would save $451.6m between 2025-26 and
2035-36 if it stopped subsidising greyhound racing and closed the industry.
The figure is based on an estimated $687.4m drop in government spending on the
industry over the decade, offset by a $235.8m loss in revenue, as Victorians
would no longer be able to bet on greyhound races held in the state.
The analysis said the government “increased ongoing support” to the entire
Victorian racing industry, which includes thoroughbred and harness racing, in
2024.
This was through a higher point of consumption tax on wagering revenue, which
was increased to 15% from 10%, with half of the revenue going to racing, and a
funding deed providing $90m annually."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
