Australia will host a race worth $1 million or more every four days in 2023, according to the latest Aushorse Investor's Guide released on Wednesday. The guide also showed that prize money across the country soared 92% over the past decade. The annual Aushorse Investor's Guide pulls together the latest information on the Australian Thoroughbred racing industry.
“Australia is enjoying a golden age when it comes to the Thoroughbred industry,” Tom Reilly, chief executive of Aushorse, said. “We have a great funding model that gives owners a real chance to get a return on their investment and the sport has tremendous backing across society.”
The guide showed that average prize money per race in Australia–almost $46,000–is far higher than other jurisdictions such as America, France, Ireland, and the United Kingdom. The quality of racing matches the prize money. In five of the past seven years, Australia has hosted more of the top-rated Group 1 races than any other jurisdiction.
The guide also revealed that it is more affordable to invest in Australia than in Europe or North America with the price of the top colts and fillies significantly lower than in other yearling markets. The average prices for the top 50 colts and fillies over the past five years in Australia (US$763,289 Colts, $550,110 fillies), compares favorably with Europe (US$980,206 colts, $883,073 fillies) and America (US$1,006,980 colts, $828,520 fillies).
The Investor's Guide has been designed to be easily viewed from mobile devices at Aushorse.com.au, and printed copies, which have also been translated into Chinese, will be posted along with the Aushorse annual magazine.
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