Key Industry Metrics

[Murray Fish]

The following key statistics show the current state of the NZ thoroughbred racing industry and the challenges it is facing:

The thoroughbred foal crop has declined by 22.0% over the last 10 years and individual thoroughbred starters in NZ have declined by 18.6% over the same period.

There are 16.8% fewer thoroughbred races run in New Zealand now compared to 10 years ago.

Domestic turnover on NZ thoroughbred racing has declined by 14.4% in 10 years.

On-course attendance at NZ thoroughbred meetings has fallen by 22.3% in the last 6 years.

The average ownership share size has declined from 27.4% to 19.8% since FY09

The average age of the thoroughbred owner has increased from 54 to 57 in 10 years.

New racehorse owners are not being provided with an experience that will attract a long-term interest (only 1 in 4 new owners are advocates of horse ownership)

Pressure on up to 4 NZ Group 1 races

[Murray Fish]

Just now, Murray Fish said:

On-course attendance at NZ thoroughbred meetings has fallen by 22.3% in the last 6 years.

odd$ on!!  the  ever Increasing Entrance cost$ are behind this stat!!!

[holy ravioli]

Winter Bride is about Grp 3 in Australia.-'Pressure on up to 4 NZ Group 1 races '

[mardigras]

To be expected when an industry puts so much focus on racing elsewhere. They are happy making NZ racing a bit part until it winds down completely.

[curious]

On 1/01/2020 at 8:56 PM, holy ravioli said:

Winter Bride is about Grp 3 in Australia.-'Pressure on up to 4 NZ Group 1 races '

5 under warning actually including the Auckland Cup and Telegraph.

[curious]

And way above the 5% Pattern race target at 5.8%. Probably unsustainable as the total number of races declines. Ironic that this is a result of breeder orchestrated strategies.