Greyhound Racing Victoria’s 2024-25 Annual Report was tabled in the Victorian Parliament last week, marking a year of financial recovery, strengthened welfare oversight, and continued progress across the Victorian greyhound racing industry.

After a challenging prior year, GRV recorded a $25.3 million turnaround, posting a net profit of $2.6 million compared to a $22.7 million loss in 2023–24. The result was driven by a strategic organisational reset, cost reductions, and improved wagering performance – despite fewer races being held.

GRV conducted 3,466 property inspections in FY25, more than double the number from two years ago, reinforcing its commitment to high welfare standards. Racing fatalities remained steady at 43, still 47 per cent lower than six years ago.

Injury figures also continue to trend lower over a four-year period, with total injuries per 1,000 starters dropping by 2.6 per cent. Euthanasia figures increased marginally to 450, reflecting improved data collection and transparency.

Despite economic pressures, wagering turnover reached $3.02 billion, up 1 per cent year-on-year, with average turnover per race increasing 3.5 per cent. GRV also trialled and implemented 13- and 14-race meetings, improving wagering outcomes and operational efficiency.

On the rehoming front, 784 greyhounds were adopted through GAP for the first time, supported by high-impact campaigns during National Adoption Month featuring sports stars and media personalities, such as Married At First Sight couple Jeff and Rhi and Collingwood coach Craig McRae.

While GRV’s infrastructure spend was scaled back, clubs contributed $800,000, matched by government funding, to upgrade track lighting across the network. Planning is underway for the return of racing at Cranbourne and Traralgon in 2026, with Cranbourne’s redevelopment supported by a $4 million Victorian Racing Industry Fund commitment.

GRV also continues to develop its Digital Greyhound Lifecycle Tracking program, set for full implementation in early 2026, which will enhance traceability and welfare monitoring across a greyhound’s lifecycle while part of the Victorian greyhound racing industry.

GRV’s Annual Report can be viewed here.