Future of Tasracing on Track (TAS)

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Australia/NZ

TASMANIA:  Minister for Racing, Jeremy Rockliff,  says the Tasmanian racing industry can look forward to an exciting future of growth and investment according to Tasracing's annual report tabled in Parliament today. The Hodgman Liberal Government has worked hard to put the industry body onto a sustainable footing with Tasracing recording its second consecutive profit this year, along with increased wagering turnover and increased income from race field fees. Because of the measures we put in place, racing revenue outside the guaranteed funding deed has increased from 16.4 per cent in 2011/12 to 29.8 per cent of overall income in 2016/17, which equates to an increase in income of $7.27 million.