For more information on Victoria's Problem Gambling Strategies
visit
www.problemgambling.vic.gov.au
or call
Gamblers Help on
1800 156 789
RACING IN VICTORIA
Victoria has a vibrant racing industry that includes thoroughbred and
harness racing (horses) and greyhound racing (dogs).
Victorian racing is generally acknowledged to be the strongest in Australia based on
criteria such as the financial returns to owners, numbers of races and licensed participants.
Studies indicate that the Victorian racing industry contributes over $2 billion to the local
economy and employs over 64,000 people in over 30,000 equivalent full time positions. Most of these
positions are filled by younger people who are early school leavers and the majority are based in
regional Victoria.
Racing in Victoria ranks alongside the largest manufacturing sectors in its contribution to
economic activity and employment. It is both an important part of our State's heritage and a
competitive strength for our future.
GOVERNMENT RACING AND BETTING LEGISLATION
The following Acts are relevant to the conduct of racing and betting in Victoria.
Racing Act 1958
Administered by the Minister for Racing.
Regulates the conduct of race meetings and betting at meetings.
Provides for the licensing of racing clubs and racecourses; the issue of permits for minor
race meetings and betting activities; and the registration of bookmakers and their clerks.
Establishes Harness Racing Victoria, Greyhound Racing Victoria, Racing Appeals Tribunal and
Bookmakers & Bookmakers' Clerks Registration Committee.
Recognises the role of Racing Victoria Limited as the controlling body of thoroughbred
racing.
Gambling Regulation Act 2003
Administered by the Minister for Gaming and in some parts jointly with the Minister for
Racing. Provisions relevant to the Racing Portfolio include:
The issuing of a wagering and gaming licence to TABCORP Holdings Ltd
providing that the company has entered into an unincorporated joint venture with the racing
industry.
Establishes the Victorian Casino & Gaming Authority as the
regulator of the gaming and wagering licence.
Generally regulates the operation of totalisator and fixed odds betting by TABCORP.
Prescribes the taxation regime for totalisator and fixed odds betting by TABCORP.
Enforcement provisions against illegal betting (eg SP bookmaking).
Regulates the advertising and communication of betting related information.
Regulates the conduct of minor gaming including the holding of Calcutta sweepstakes.
Generally regulates the gaming machine industry in which the racing industry and TABCORP are
participants.
Subordinate Legislation
Racing (Bookmakers) Regulations 2002
Racing (Racing Appeals Tribunal) Regulations 1994
Copies of the above legislation can be found on the
Parliamentary website
or purchased from
Information Victoria
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