State Taxes To Go Back Into Racing Industry

State Taxes To Go Back Into Racing Industry

Victoria Opposition Leader Ted Baillieu

Victoria Shadow Minister for Racing Denis Napthine

Bailleu To Return Racing Taxes To Racing

Victor P Taffa

Millions In State Taxes From On-Course Tote Betting To Be Allocated To Racing

A Victorian Liberal Nationals Coalition Government will boost year-round attendances at race meetings across all three racing codes, Coalition Leader Ted Baillieu said today.

Mr. Baillieu and Shadow Minister for Racing Denis Napthine announced that a Coalition Government would allocate all the state taxes currently collected from on-course totalisator bets to the Victorian racing industries for them to use in promoting and increasing on-course attendances.

 

 

“It is estimated that this would provide the three racing codes with an extra Five to Six Million Dollars a year to fund Programs to encourage Racing Patronage.” Mr. Baillieu said.

“While attendances at major racing events such as the Spring Racing Carnival are terrific, there is a real need to boost attendances throughout the year.”

Mr. Baillieu said the three racing codes Thoroughbred, Harness and Greyhounds are all facing challenges with declining race-day attendances except at major feature meetings, and while off-course betting is critical to the financial success of our racing industries, it is also essential to maintain and grow on-course attendance, betting volumes and atmosphere at the Race Track.

 

VIC Shadow Minister for Racing Denis Napthine

VIC Shadow Minister for Racing Denis Napthine

 

 

 

 

 

 

 

 

Mr. Baillieu said the funds would be managed by the racing industry and earmarked for use to increase attendances at country race meetings, harness races, greyhound races and city race meetings in winter.

“Improving on-course attendance will add atmosphere to Victorian race meetings, increase wagering turnover and generate a new breed of racing enthusiasts.” Mr. Baillieu said.

Dr. Napthine said that among the ideas which the racing industries may consider are:

  • Buy one, get one free entry tickets;
  • Free Racebooks on entry;
  • Special country racing promotions and packages;
  • Winter saver tickets, e.g. entry to 10 meetings for the price of 5;
  • Free entry for AFL club members at Saturday race meetings when no AFL matches are being played in Melbourne;
  • ‘Fat’ on-course dividends for targeted bet types;
  • Free betting vouchers;
  • Broader on-course entertainment;
  • ‘Owner for a day’ privileges for lucky patrons.