Greyhound Racing Enjoys Victorian State Funding Increase

The Victorian Racing Industry is set to benefit from an increase given in the latest state government budget for 2012-2013.

A total of $79.5 million will be injected into the Victorian Racing Industry Fund (VRIF) over the next four years.

The VRIF is currently made up of unclaimed wager dividends and on-course betting taxes and is already assisting the greyhound industry.

Denis Napthine, who is the Victorian Minister for Racing, believes the extra funding will see the already $2 billion economic benefits of greyhound racing continue to rise.

“The Coalition Government strongly supports Victoria’s thoroughbred, harness and Greyhound Racing industries and will continue building on the major economic benefits and 70,000 jobs they deliver to the State,” Napthine said.

“In 2011-2012 the Coalition Government has supported many racing infrastructure in partnership with Racing Victoria, CountryRacing Victoria and local racing clubs.”

The focus will also on increasing crowd numbers at greyhound meets around the state.

“As part of VRIF the newly established Raceday Attraction Program (RAP) has helped deliver crowds back to the track including initiatives at Sandown greyhounds, Hamilton harness and Ballarat thoroughbreds that saw massive increases in attendances,” Napthine said.

“The Coalition Government will continue to work with clubs and the controlling bodies using the RAP to generate further innovative ways of promoting and enhancing the raceday product.”

The minister feels the greyhound breeding industry will also feel the benefits of this latest increase in funding.

“The Coalition Government’s support for Victoria’s breeding industries has also been widely welcomed,” he said.

“In the upcoming racing seasons, this funding will start to have a real impact.”

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