According to the source, as of June 30, 2019 in Australia there were nearly 3.8 thousand greyhound racing meetings and 62 greyhound racing clubs. With 33 clubs and more than 1.1 thousand meetings held in New South Wales with the greatest number of races hosted at just over 10.9 thousand. Around 560 meetings and 5.6 thousand races were held in the six clubs in Queensland that year, whereas the only greyhound racing club in Australian Capital Territory did not record any activities.

According to Cognitive Market Research, the global greyhound racing market size will be USD XX million in 2024. It will expand at a compound annual growth rate (CAGR) of 14.10% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.3% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD XX million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 16.1% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.5% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 13.8% from 2024 to 2031.
The race track held the highest greyhound racing market revenue share in 2024.

Market Dynamics of Greyhound Racing Market

Key Drivers for Greyhound Racing Market

Advancement of Technology to Increase the Demand Globally

The greyhound racing market is expanding rapidly due to technological advancements. Innovations in live streaming, digital betting platforms, and data analytics enhance the viewing and betting experience, making the sport more accessible globally. These technologies allow real-time race tracking and personalized betting options, attracting a wider audience and increasing engagement. This tech-driven transformation is essential for the market's growth and sustainability, providing new opportunities for stakeholders across the industry.

Favorable Regulations in Certain Regions to Propel Market Growth

The greyhound racing market is expanding, driven by favorable regulations in regions like Australia and parts of the US. These regulations support the industry's growth by allowing licensed betting, ensuring animal welfare, and promoting transparent practices. Additionally, advancements in digital platforms and increased global betting interest enhance accessibility and audience engagement, contributing to the market's growth prospects.

Restraint Factor for the Greyhound Racing Market

High Initial Cost to Limit the Sales

The greyhound racing market faces significant restraints due to high initial costs, including breeding, training, and maintaining racing facilities. These costs deter new entrants and limit the sport's growth. Moreover, stringent regulations and animal welfare concerns add financial and operational burdens. Despite increasing interest and technological advancements in live betting and streaming, these barriers impede broader market expansion.

Impact of Covid-19 on the Greyhound Racing Market

The Covid-19 pandemic significantly disrupted the greyhound racing market. Lockdowns and social distancing measures led to the suspension of races and closures of tracks, causing substantial revenue losses. Betting activities, a primary revenue source, also plummeted due to fewer events and economic uncertainty. The industry faced operational challenges, including maintaining greyhound welfare and adjusting to changing regulations. However, some tracks adapted by enhancing online betting platforms and the gradual resumption of races helped mitigate the impact, though the market remains in recovery. Introduction of the Greyhound Racing Market

Greyhound racing is a competitive sport where greyhounds chase a mechanically propelled lure around a track with the objective of finishing first. It's popular for both betting and entertainment purposes. The greyhound racing market is growing, driven by rising international interest and improved accessibility. Enhanced digital platforms and live-streaming services have made races more accessible globally, boosting audience engagement and participation. This accessibility, coupled with the increasing popularity of sports betting, is fueling market expansion. Countries like the UK, Australia, and the US are key players, contributing to the market's dynamic growth. Technological advancements and global outreach initiatives continue to attract new fans and bettors, enhancing t...

This report is a list of all greyhounds which have been exported from Australia, encompassing both companion and racing dogs.

This includes the destination country and the total number of animals exported each month. No other data is available for publication.

As of June 30, 2018 there were 174 bookmaker licenses issued in in New South Wales, Australia. Overall, racing attracted the largest proportion of licenses, which totaled more than 200, including thoroughbred, harness and greyhound racing.